Funding you earn now, next payment 08:00 UTC+0.0090%/8h= +9.8% APRnext payment +$0.11 per $10,000 · paid last 24h +0.048%
Price spread now: Lighter against dYdX+0.127%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.127% dearer against dYdX than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ZRO-USD | 1.1664 | 0.0006 | pay 0.0001% / 1h | 12m 07s | $21K | $5K | 5x |
| Short | Lighter ZRO | 1.1679 | 0.0096 | get 0.0012% / 1h | 12m 07s | $4.3M | $1.2M | 5x |
dYdX ZRO-USD
Lighter ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against dYdX. 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
- $18.89
- Price spread: +0.127% → 0.000%
- $12.72
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $21.6
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: dYdX: no order-book sample; Lighter: live order book, 11 min ago. Net counts fees only.
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 dYdX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 11 min ago | 11.80 bp | 23.9 bp −$24 | 101.5 bp −$1,015 | doesn't fit | doesn't fit |
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USDlong | +0.0006% | 1h | 1.1664 | long leg | $21K | $5K | 5x | |
| 01 Exchange ZROUSD | +0.0016% | 1h | 1.1674 | +0.084% | $4K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0085% | 4h | 1.1666 | +0.016% | $20K | $4K | 10x | as long as short |
| Lighter ZROshort | +0.0096% | 1h | 1.1679 | +0.127% | $4.3M | $1.2M | 5x | |
| Nado ZRO-PERP | +0.0100% | 1h | 1.1666 | +0.018% | $1.3M | $125K | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1670 | +0.053% | $37.0M | $5.3M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1668 | +0.033% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1667 | +0.025% | $137K | $165K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1663 | −0.009% | $21.8M | $28.6M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1668 | +0.033% | $17.8M | $13.0M | 50x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Nado ZRO-PERP
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 | 1.1662 | −0.019% | $3.2M | $7.6M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1660 | −0.036% | $1.3M | $1.4M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1664 | −0.001% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1667 | +0.024% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1655 | −0.079% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1669 | +0.041% | — | $21.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1661 | −0.027% | $94K | $213K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1620 | −0.381% | $2.3M | $759K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1630 | −0.293% | $39K | $668K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1674 | +0.084% | $99K | $810K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1660 | −0.037% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0131% | 4h | 1.1673 | +0.076% | $1.0M | $198K | 75x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1664 | +0.001% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0432% | 1h | 1.1673 | +0.074% | $254K | $291K | 25x | as long as short |
| Extended ZRO-USD | +0.0512% | 1h | 1.1654 | −0.087% | $797K | $647K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1271% | 1h | 1.1710 | +0.393% | $12K | $261K | 12x | as long as short |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP