Funding you earn now, next payment 03:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.037%
Price spread now: Gate against Lighter−0.250%7-day average −0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$830.830% of the position
Funding, last 7 days−0.360%−$36 on $10k
+Price spread, last 7 days+0.027%+$3 · spread now −0.250%, 7d avg −0.111%
=Together, before fees−0.333%+ Points / potential airdropLighter: Season 3 · farm board−$33 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.140% cheaper against Lighter than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.111%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1709 | 0.0096 | pay 0.0012% / 1h | 59m 20s | $4.4M | $1.2M | 5x |
| Short | Gate ZRO_USDT | 1.1680 | 0.0042 | get 0.0021% / 4h | 1h 59m | $1.3M | $1.5M | 75x |
Lighter ZRO
Gate ZRO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$11.34
- Price spread: −0.250% → −0.111%
- −$13.96
- Slippage, 4 orders
- −$68.04
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$108.35
- Costs to cover
- 0.830%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 8 min ago; Gate: live order book, 3 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 | 14.08 bp | 14.1 bp −$14 | 82.1 bp −$821 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 4.27 bp | 31.4 bp −$31 | 77.0 bp −$770 | 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 | −0.0528% | 1h | 1.1679 | −0.261% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | +0.0002% | 1h | 1.1697 | −0.105% | $21K | $3K | 5x | as long as short |
| Bybit ZROUSDT | +0.0022% | 4h | 1.1677 | −0.276% | $17.9M | $13.9M | 50x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0036% | 4h | 1.1691 | −0.156% | $20K | $5K | 10x | as long as short |
| Gate ZRO_USDTshort | +0.0042% | 4h | 1.1680 | −0.250% | $1.3M | $1.5M | 75x | |
| Lighter ZROlong | +0.0096% | 1h | 1.1709 | long leg | $4.4M | $1.2M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1706 | −0.028% | $37.1M | $5.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1711 | +0.017% | $158K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1691 | −0.156% | $136K | $169K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1686 | −0.202% | $21.9M | $29.7M | 75x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Bybit ZROUSDT
Orderly PERP_ZRO_USDC
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1689 | −0.173% | $3.2M | $7.9M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1687 | −0.190% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1705 | −0.037% | $2.3M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1681 | −0.242% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1690 | −0.165% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1692 | −0.148% | $97K | $208K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1687 | −0.187% | $2.3M | $814K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1710 | +0.006% | $39K | $675K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1698 | −0.097% | $91K | $834K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1681 | −0.243% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0135% | 1h | 1.1687 | −0.192% | $1.3M | $124K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0198% | 1h | 1.1711 | +0.011% | $258K | $407K | 25x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1696 | −0.111% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.1000% | 1h | 1.1685 | −0.208% | $785K | $590K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1102% | 1h | 1.1740 | +0.262% | $12K | $260K | 12x | as long as short |
OKX ZRO-USDT-SWAP
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
Nado ZRO-PERP
Kraken Futures PF_ZROUSD
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP