Funding you earn now, next payment 03:00 UTC−0.0784%/8h= −85.8% APRnext payment −$0.98 per $10,000 · paid last 24h −0.091%
Price spread now: Lighter against Extended+0.207%7-day average +0.200% · you sell dearer than you buy
Net, funding: paid 7d − costs−$840as in the Funding arb table
Net, price: spread back to 7d avg − costs−$859as in the Price arb table
costs, in and out, $10k−$8608.599% of the position
Funding, last 7 days+0.203%+$20 on $10k
+Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.207%, 7d avg +0.200%
=Together, before fees+0.211%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$21 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.200%, so right now this pair is about funding alone: −$24 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.203%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.203% in total (about 10.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.98 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ZRO-USD | 1.1651 | 0.0880 | pay 0.0110% / 1h | 5m 56s | $780K | $591K | 10x |
| Short | Lighter ZRO | 1.1675 | 0.0096 | get 0.0012% / 1h | 5m 56s | $4.3M | $1.2M | 5x |
Extended ZRO-USD
Lighter ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$164.64
- Price spread: +0.207% → +0.200%
- $0.73
- Slippage, 4 orders
- −$854.91
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$1,023.82
- Costs to cover
- 8.599%
- Break-even
- never at this rate
Slippage from Extended: live order book, 57 min ago; Lighter: live order book, 7 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 Extended live order book, 57 min ago | 10.23 bp | 775.9 bp −$776 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 8.78 bp | 43.3 bp −$43 | 102.2 bp −$1,022 | 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 | −0.0232% | 1h | 1.1643 | −0.063% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0037% | 4h | 1.1647 | −0.030% | $20K | $5K | 10x | as long as short |
| dYdX ZRO-USD | +0.0044% | 1h | 1.1653 | +0.019% | $21K | $4K | 5x | as long as short |
| Lighter ZROshort | +0.0096% | 1h | 1.1675 | +0.207% | $4.3M | $1.2M | 5x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1659 | +0.075% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1651 | +0.006% | $135K | $177K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1653 | +0.019% | $21.8M | $29.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1638 | −0.107% | $17.7M | $14.0M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1657 | +0.056% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1650 | −0.004% | $1.3M | $1.5M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1655 | +0.039% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1656 | +0.047% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1649 | −0.013% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1652 | +0.013% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1659 | +0.073% | $96K | $194K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1633 | −0.148% | $2.3M | $810K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1680 | +0.253% | $39K | $673K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1650 | −0.004% | $98K | $844K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1646 | −0.038% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0126% | 4h | 1.1659 | +0.073% | $1.1M | $248K | 75x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0199% | 1h | 1.1669 | +0.156% | $256K | $407K | 25x | as long as short |
| Nado ZRO-PERP | +0.0222% | 1h | 1.1642 | −0.077% | $1.3M | $124K | 5x | as long as short |
| Hyperliquid ZRO | +0.0267% | 1h | 1.1677 | +0.227% | $37.0M | $5.5M | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1653 | +0.024% | $3K | — | 100x | as long as short |
| Extended ZRO-USDlong | +0.0880% | 1h | 1.1651 | long leg | $780K | $591K | 10x | |
| Injective ZRO/USDC PERP | +0.1102% | 1h | 1.1730 | +0.682% | $12K | $260K | 12x | as long as short |
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
Kraken Futures PF_ZROUSD
Nado ZRO-PERP
Hyperliquid ZRO
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP