Settings8H · net · $10k
Funding arb · Price arb /

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.037%
Price spread now: Lighter against KuCoin+0.126%7-day average +0.129% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1411.412% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.345%+$35 on $10k
Price spread, last 7 days+0.122%+$12 · spread now +0.126%, 7d avg +0.129%
Together, before fees+0.467%+ Points / potential airdropLighter: Season 3 · farm board+$47 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZROUSDTM1.16330.0100pay 0.0050% / 4h2h 39m$2.3M$1.9M50x
ShortLighter ZRO1.16480.0096get 0.0012% / 1h39m 39s$4.3M$1.2M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
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: +0.126% → +0.129%
−$0.33
Slippage, 4 orders
−$129.16
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$142.34
Costs to cover
1.412%
Break-even
never at this rate
Slippage from KuCoin: live order book, 2 min ago; Lighter: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 2 min ago12.42 bp60.1 bp −$60145.6 bp −$1,456doesn't fitdoesn't fit
Sell Lighter live order book, 3 min ago7.61 bp13.3 bp −$1384.2 bp −$842doesn't fitdoesn't fit

ZRO on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ZROUSD−0.0264%1h1.1612−0.181%$7K$3K5xas long as short
dYdX ZRO-USD0.0000%1h1.1639+0.048%$21K$3K5xas long as short
Gate ZRO_USDT+0.0016%4h1.1610−0.198%$1.3M$1.5M75xas long as short
Orderly PERP_ZRO_USDC+0.0016%4h1.1611−0.189%$20K$6K10xas long as short
Lighter ZROshort+0.0096%1h1.1648+0.126%$4.3M$1.2M5x
Hyperliquid ZRO+0.0100%1h1.1642+0.077%$36.9M$5.5M5xas long as short
Aster ZROUSDT+0.0100%4h1.1636+0.027%$155K$149K10xas long as short
Pacifica ZRO+0.0100%1h1.1636+0.028%$135K$168K5xas long as short
Binance ZROUSDT+0.0100%4h1.1637+0.034%$21.8M$30.0M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1625−0.069%$17.8M$14.1M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1636+0.026%$3.2M$7.9M20xas long as short
MEXC ZRO_USDT+0.0100%4h1.1630−0.026%$18.9M$2.7M125xas long as short
KuCoin ZROUSDTMlong+0.0100%4h1.1633long leg$2.3M$1.9M50x
Bitget ZROUSDT+0.0100%4h1.1639+0.052%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1634+0.009%$16.5Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1629−0.034%$96K$215K20xas long as short
Variational Omni ZRO+0.0100%4h1.1655+0.186%$2.3M$837Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1730+0.834%$39K$681K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1607−0.224%$91K$841K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1601−0.273%$20K3xas long as short
BloFin ZRO-USDT+0.0132%4h1.1753+1.032%$1.1M$253K75xas long as short
Nado ZRO-PERP+0.0239%1h1.1596−0.320%$1.3M$126K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0291% / S −0.2341%1h1.1604−0.249%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0373%1h1.1646+0.113%$250K$407K25xas long as short
Extended ZRO-USD+0.0960%1h1.1629−0.037%$776K$593K10xas long as short
Injective ZRO/USDC PERP+0.1213%1h1.1730+0.834%$12K$260K12xas long as short