Funding you earn now, next payment 03:00 UTC+0.0864%/8h= +94.6% APRnext payment +$1.08 per $10,000 · paid last 24h +0.077%
Price spread now: Extended against Lighter−0.142%7-day average −0.199% · you buy dearer than you sell
Net, funding: paid 7d − costs−$858as in the Funding arb table
Net, price: spread back to 7d avg − costs−$831as in the Price arb table
costs, in and out, $10k−$8368.363% of the position
Funding, last 7 days−0.215%−$22 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.142%, 7d avg −0.199%
=Together, before fees−0.241%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Extended is 0.058% dearer against Lighter than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.199%. Mind the row above: over the last 7 days funding on this pair cost −0.215%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.215% in total (about -11.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.08 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 | Lighter ZRO | 1.1707 | 0.0096 | pay 0.0012% / 1h | 54m 54s | $4.4M | $1.2M | 5x |
| Short | Extended ZRO-USD | 1.1691 | 0.0960 | get 0.0120% / 1h | 54m 54s | $785K | $590K | 10x |
Lighter ZRO
Extended ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $181.44
- Price spread: −0.142% → −0.199%
- $5.77
- Slippage, 4 orders
- −$831.29
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$649.09
- Costs to cover
- 8.363%
- Break-even
- 32.0 days
Slippage from Lighter: live order book, 8 min ago; Extended: live order book, 8 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, 8 min ago | 15.77 bp | 20.9 bp −$21 | 91.3 bp −$913 | doesn't fit | doesn't fit |
| Sell Extended live order book, 8 min ago | 10.23 bp | 21.6 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
ZRO on 25 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 | −0.0512% | 1h | 1.1686 | −0.182% | $7K | $3K | 5x | as long as short |
| ApeX Omni ZROUSDT | −0.0341% | 1h | 1.1650 | −0.490% | $39K | $675K | 50x | as long as short |
| Bybit ZROUSDT | −0.0023% | 4h | 1.1678 | −0.251% | $17.9M | $13.9M | 50x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1702 | −0.046% | $21K | $3K | 5x | as long as short |
| Gate ZRO_USDT | +0.0032% | 4h | 1.1680 | −0.234% | $1.3M | $1.5M | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0033% | 4h | 1.1681 | −0.225% | $20K | $5K | 10x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1707 | long leg | $4.4M | $1.2M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1715 | +0.065% | $37.1M | $5.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1700 | −0.063% | $158K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1688 | −0.166% | $136K | $169K | 5x | as long as short |
01 Exchange ZROUSD
ApeX Omni ZROUSDT
Bybit ZROUSDT
dYdX ZRO-USD
Gate ZRO_USDT
Orderly PERP_ZRO_USDC
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZROShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ZROUSDT | +0.0100% | 4h | 1.1696 | −0.101% | $21.9M | $29.6M | 75x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1688 | −0.166% | $3.2M | $7.9M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1697 | −0.089% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1697 | −0.089% | $2.3M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1688 | −0.166% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1688 | −0.166% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1700 | −0.063% | $95K | $205K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1720 | +0.108% | $2.3M | $813K | — | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1693 | −0.123% | $91K | $834K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1680 | −0.234% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0129% | 1h | 1.1687 | −0.175% | $1.3M | $124K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0198% | 1h | 1.1709 | +0.014% | $258K | $406K | 25x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1690 | −0.147% | $3K | — | 100x | as long as short |
| Extended ZRO-USDshort | +0.0960% | 1h | 1.1691 | −0.142% | $785K | $590K | 10x | |
| Injective ZRO/USDC PERP | +0.1102% | 1h | 1.1720 | +0.108% | $12K | $260K | 12x | as long as short |
Binance ZROUSDT
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
Kraken Futures PF_ZROUSD
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP