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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.069%
Price spread now: OKX against Lighter−0.127%7-day average −0.123% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$790.786% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.422%−$42 on $10k
Price spread, last 7 days−0.114%−$11 · spread now −0.127%, 7d avg −0.123%
Together, before fees−0.536%+ Points / potential airdropLighter: Season 3 · farm board−$54 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ZRO1.17540.0096pay 0.0012% / 1h1m 49s$4.4M$1.2M5x
ShortOKX ZRO-USDT-SWAP1.17390.0100get 0.0050% / 4h2h 01m$3.2M$7.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$0.84
Price spread: −0.127% → −0.123%
−$0.34
Slippage, 4 orders
−$68.59
Fee Lighter: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
−$78.09
Costs to cover
0.786%
Break-even
657.8 days
Slippage from Lighter: live order book, 6 min ago; OKX: live order book, 1 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 Lighter live order book, 6 min ago4.93 bp27.8 bp −$2894.6 bp −$946doesn't fitdoesn't fit
Sell OKX live order book, 1 min ago1.70 bp21.8 bp −$2288.6 bp −$886doesn'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
dYdX ZRO-USD+0.0006%1h1.1738−0.138%$21K$5K5xas long as short
Orderly PERP_ZRO_USDC+0.0071%4h1.1734−0.169%$21K$4K10xas long as short
Lighter ZROlong+0.0096%1h1.1754long leg$4.4M$1.2M5x
Hyperliquid ZRO+0.0100%1h1.1751−0.025%$37.3M$5.5M5xas long as short
Aster ZROUSDT+0.0100%4h1.1744−0.084%$159K$151K10xas long as short
Pacifica ZRO+0.0100%1h1.1735−0.160%$138K$174K5xas long as short
Binance ZROUSDT+0.0100%4h1.1731−0.199%$21.9M$29.4M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1727−0.229%$18.0M$13.6M50xas long as short
OKX ZRO-USDT-SWAPshort+0.0100%4h1.1739−0.127%$3.2M$7.8M20x
Gate ZRO_USDT+0.0100%4h1.1730−0.203%$1.3M$1.5M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ZRO_USDT+0.0100%4h1.1731−0.195%$19.3M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1731−0.195%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1733−0.178%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1738−0.135%$16.6Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1740−0.118%$97K$221K20xas long as short
Variational Omni ZRO+0.0100%4h1.1743−0.093%$2.3M$809Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1750−0.033%$39K$673K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1738−0.135%$99K$821K5xas long as short
BloFin ZRO-USDT+0.0104%4h1.1729−0.212%$1.0M$254K75xas long as short
Aevo ZRO-PERP+0.0104%1h1.1730−0.203%$21K3xas long as short
01 Exchange ZROUSD+0.0136%1h1.1737−0.148%$4K$5K5xas long as short
Nado ZRO-PERP+0.0149%1h1.1735−0.158%$1.3M$126K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0293% / S −0.2341%1h1.1732−0.189%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0701%1h1.1740−0.120%$254K$333K25xas long as short
Extended ZRO-USD+0.0832%1h1.1733−0.180%$803K$625K10xas long as short
Injective ZRO/USDC PERP+0.1343%1h1.1790+0.307%$12K$261K12xas long as short