Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.050%
Price spread now: Bitget against Lighter−0.015%7-day average −0.158% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$700.699% of the position
Funding, last 7 days−0.337%−$34 on $10k
+Price spread, last 7 days−0.280%−$28 · spread now −0.015%, 7d avg −0.158%
=Together, before fees−0.617%+ Points / potential airdropLighter: Season 3 · farm board−$62 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: Bitget is 0.142% dearer against Lighter than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.158%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1788 | 0.0096 | pay 0.0012% / 1h | 10m 36s | $4.5M | $1.4M | 5x |
| Short | Bitget ZROUSDT | 1.1786 | 0.0100 | get 0.0050% / 4h | 2h 10m | $2.7M | $2.5M | 75x |
Lighter ZRO
Bitget ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Lighter. 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: −0.015% → −0.158%
- $14.23
- Slippage, 4 orders
- −$57.93
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$54.86
- Costs to cover
- 0.699%
- Break-even
- 464.2 days
Slippage from Lighter: live order book, 7 min ago; Bitget: 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 Lighter live order book, 7 min ago | 9.19 bp | 17.2 bp −$17 | 92.5 bp −$925 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 7 min ago | 2.95 bp | 19.4 bp −$19 | 43.3 bp −$433 | 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 | −0.0432% | 1h | 1.1765 | −0.195% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0052% | 4h | 1.1787 | −0.007% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0041% | 1h | 1.1790 | +0.018% | $21K | $2K | 5x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1788 | long leg | $4.5M | $1.4M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1797 | +0.079% | $37.4M | $6.7M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1804 | +0.134% | $158K | $160K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1784 | −0.031% | $142K | $193K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1785 | −0.023% | $22.3M | $32.9M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1770 | −0.151% | $18.0M | $15.5M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1792 | +0.036% | $3.2M | $8.9M | 20x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1800 | +0.103% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1786 | −0.015% | $19.0M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1803 | +0.129% | $2.9M | $1.8M | 50x | as long as short |
| Bitget ZROUSDTshort | +0.0100% | 4h | 1.1786 | −0.015% | $2.7M | $2.5M | 75x | |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1785 | −0.024% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1790 | +0.019% | $94K | $206K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1844 | +0.481% | $2.3M | $861K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1850 | +0.528% | $37K | $681K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1792 | +0.036% | $88K | $915K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1780 | −0.066% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0109% | 4h | 1.1779 | −0.075% | $1.1M | $265K | 75x | as long as short |
| Nado ZRO-PERP | +0.0172% | 1h | 1.1787 | −0.009% | $1.3M | $130K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1791 | +0.027% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0318% | 1h | 1.1802 | +0.119% | $250K | $569K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1840 | +0.443% | $12K | $175K | 12x | as long as short |
| Extended ZRO-USD | +0.2016% | 1h | 1.1785 | −0.024% | $784K | $539K | 10x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
BingX ZRO-USDT
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
Injective ZRO/USDC PERP
Extended ZRO-USD