Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.037%
Price spread now: Lighter against BingX+0.284%7-day average +0.141% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$540.537% of the position
Funding, last 7 days+0.337%+$34 on $10k
+Price spread, last 7 days−0.009%−$1 · spread now +0.284%, 7d avg +0.141%
=Together, before fees+0.327%+ Points / potential airdropLighter: Season 3 · farm board+$33 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.143% dearer against BingX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.141%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ZRO-USDT | 1.1713 | 0.0100 | pay 0.0050% / 4h | 2h 43m | — | $16.5M | — |
| Short | Lighter ZRO | 1.1746 | 0.0096 | get 0.0012% / 1h | 43m 02s | $4.4M | $1.2M | 5x |
BingX ZRO-USDT
Lighter ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: +0.284% → +0.141%
- $14.31
- Slippage, 4 orders
- −$43.69
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$40.22
- Costs to cover
- 0.537%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Lighter: live order book, 10 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BingX live order book, 10 min ago | 2.57 bp | 8.1 bp −$8 | 12.9 bp −$129 | 25.4 bp −$2,539 | 53.2 bp −$26.6K |
| Sell Lighter live order book, 10 min ago | 12.95 bp | 21.1 bp −$21 | 88.5 bp −$885 | doesn't fit | doesn't fit |
ZRO on 26 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZROUSD | −0.0248% | 1h | 1.1730 | +0.144% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1748 | +0.301% | $21K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0016% | 4h | 1.1725 | +0.102% | $21K | $6K | 10x | as long as short |
| Lighter ZROshort | +0.0096% | 1h | 1.1746 | +0.284% | $4.4M | $1.2M | 5x | |
| Gate ZRO_USDT | +0.0096% | 4h | 1.1720 | +0.060% | $1.3M | $1.5M | 75x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1723 | +0.086% | $37.1M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1730 | +0.142% | $157K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1736 | +0.200% | $136K | $168K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1687 | −0.221% | $21.9M | $29.9M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1687 | −0.222% | $17.9M | $14.1M | 50x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Gate ZRO_USDT
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1688 | −0.213% | $3.2M | $7.9M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1720 | +0.060% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1730 | +0.145% | $2.3M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1727 | +0.120% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDTlong | +0.0100% | 4h | 1.1713 | long leg | — | $16.5M | — | |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1718 | +0.043% | $97K | $213K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1690 | −0.199% | $2.3M | $837K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1730 | +0.145% | $39K | $684K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1739 | +0.222% | $92K | $841K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1735 | +0.186% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0132% | 4h | 1.1753 | +0.342% | $1.1M | $253K | 75x | as long as short |
| Nado ZRO-PERP | +0.0201% | 1h | 1.1739 | +0.219% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1737 | +0.206% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0370% | 1h | 1.1739 | +0.219% | $252K | $407K | 25x | as long as short |
| Extended ZRO-USD | +0.0992% | 1h | 1.1721 | +0.064% | $784K | $593K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1213% | 1h | 1.1770 | +0.487% | $12K | $260K | 12x | as long as short |
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP