ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.2245%/8h= +245.8% APRnext payment +$2.81 per $10,000 · paid last 24h +0.778%

Price spread now: GMX against Lighter+0.157%159s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$67 a day on $10k at the current rate, and GMX is 0.157% dearer against Lighter than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 159 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ZRO	1.1816	0.0096	pay 0.0012% / 1h	49m 38s	$4.4M	$1.1M	5x
Short	GMX ZRO/USD [ETH-USDC]	1.1834	L +0.0293% / S −0.2341%	get 0.0293% / 1h	49m 38s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. 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

Position, each leg$Hold fordaysFee LighterbpFee GMXbpOrdersPrice spread, now +0.157%Rate

Funding earned: $471.49
Price spread: +0.157% → 0.000%: $15.72
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $475.2
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Lighter: live order book, 6 min ago; GMX: no order-book sample. Net counts fees only.

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, 6 min ago	6.79 bp	17.5 bp −$18	79.8 bp −$798	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZRO on 26 exchanges

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
Injective ZRO/USDC PERP	−0.0774%	1h	1.1760	−0.472%	$12K	$257K	12x	as long as short
Kraken Futures PF_ZROUSD	−0.0530%	1h	1.1810	−0.046%	$269K	$211K	25x	as long as short
Bybit ZROUSDT	−0.0093%	4h	1.1785	−0.261%	$18.1M	$11.7M	50x	as long as short
01 Exchange ZROUSD	−0.0088%	1h	1.1794	−0.186%	$4K	$5K	5x	as long as short
Orderly PERP_ZRO_USDC	−0.0022%	4h	1.1799	−0.142%	$20K	$2K	10x	as long as short
dYdX ZRO-USD	0.0000%	1h	1.1802	−0.116%	$21K	$5K	5x	as long as short
OKX ZRO-USDT-SWAP	+0.0001%	4h	1.1794	−0.184%	$3.2M	$7.4M	20x	as long as short
BloFin ZRO-USDT	+0.0055%	4h	1.1832	+0.137%	$1.0M	$143K	75x	as long as short
Variational Omni ZRO	+0.0083%	4h	1.1785	−0.256%	$2.3M	$732K	—	as long as short
Lighter ZROlong	+0.0096%	1h	1.1816	long leg	$4.4M	$1.1M	5x

Show all 26 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ZRO	+0.0100%	1h	1.1813	−0.024%	$37.4M	$5.0M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1808	−0.062%	$159K	$124K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1797	−0.161%	$136K	$142K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1796	−0.167%	$22.0M	$26.7M	75x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1800	−0.134%	$1.3M	$1.1M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1797	−0.159%	$9.5M	$2.4M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1810	−0.049%	$2.3M	$2.3M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1799	−0.142%	$2.8M	$2.3M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1794	−0.184%	—	$25.2M	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1830	+0.120%	$40K	$668K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1804	−0.100%	$101K	$728K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1795	−0.172%	$21K	—	3x	as long as short
Nado ZRO-PERP	+0.0215%	1h	1.1799	−0.140%	$1.3M	$121K	5x	as long as short
GMX ZRO/USD [ETH-USDC]short	L +0.0293% / S −0.2341%	1h	1.1834	+0.157%	$3K	—	100x
Extended ZRO-USD	+0.0384%	1h	1.1797	−0.163%	$802K	$654K	10x	as long as short
Backpack ZRO_USDC_PERP	+0.0610%	1h	1.1807	−0.074%	$93K	$215K	20x	as long as short