Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.030%
Price spread now: Variational Omni against Lighter−0.360%7-day average −0.160% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.238%−$24 on $10k
+Price spread, last 7 days+0.250%+$25 · spread now −0.360%, 7d avg −0.160%
=Together, before fees+0.012%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$1 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: Variational Omni is 0.200% cheaper against Lighter than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.160%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1647 | 0.0096 | pay 0.0012% / 1h | 20m 03s | $4.3M | $1.2M | 5x |
| Short | Variational Omni ZRO | 1.1605 | 0.0100 | get 0.0050% / 4h | 20m 03s | $2.3M | $759K | — |
Lighter ZRO
Variational Omni ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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: −0.360% → −0.160%
- −$20.04
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$19.2
- Costs to cover
- 0.000%
- Break-even
- 167.0 days
Slippage unknown: Lighter: live order book, 13 min ago; Variational Omni: RFQ quote, 4 min ago. 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, 13 min ago | 13.29 bp | 20.0 bp −$20 | 80.8 bp −$808 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 3.58 bp | doesn't fit | 41.0 bp −$410 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | 0.0000% | 1h | 1.1621 | −0.221% | $21K | $5K | 5x | as long as short |
| 01 Exchange ZROUSD | 0.0000% | 1h | 1.1627 | −0.171% | $4K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0085% | 4h | 1.1627 | −0.171% | $20K | $4K | 10x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1647 | long leg | $4.3M | $1.2M | 5x | |
| Nado ZRO-PERP | +0.0100% | 1h | 1.1623 | −0.206% | $1.3M | $125K | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1649 | +0.018% | $36.9M | $5.3M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1635 | −0.105% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1619 | −0.240% | $137K | $171K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1632 | −0.128% | $21.8M | $28.7M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1625 | −0.188% | $17.8M | $13.1M | 50x | as long as short |
dYdX ZRO-USD
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Nado ZRO-PERP
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1635 | −0.102% | $3.2M | $7.6M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1620 | −0.231% | $1.3M | $1.4M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1625 | −0.188% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1622 | −0.214% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1629 | −0.154% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1630 | −0.145% | — | $21.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1636 | −0.094% | $94K | $213K | 20x | as long as short |
| Variational Omni ZROshort | +0.0100% | 4h | 1.1605 | −0.360% | $2.3M | $759K | — | |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1630 | −0.145% | $39K | $669K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1631 | −0.137% | $98K | $813K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1625 | −0.188% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0122% | 4h | 1.1622 | −0.214% | $1.0M | $198K | 75x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1634 | −0.109% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0433% | 1h | 1.1641 | −0.052% | $253K | $296K | 25x | as long as short |
| Extended ZRO-USD | +0.0488% | 1h | 1.1632 | −0.127% | $793K | $647K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1271% | 1h | 1.1670 | +0.198% | $12K | $261K | 12x | as long as short |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP