Funding you earn now, next payment 23:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.086%
Price spread now: Lighter against OKX+0.044%7-day average +0.126% · you sell dearer than you buy
Net, funding: paid 7d − costs+$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$350.350% of the position
Funding, last 7 days+0.427%+$43 on $10k
+Price spread, last 7 days+0.259%+$26 · spread now +0.044%, 7d avg +0.126%
=Together, before fees+0.685%+ Points / potential airdropLighter: Season 3 · farm board+$69 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.082% cheaper against OKX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.126%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.427%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ZRO-USDT-SWAP | 1.1812 | 0.0100 | pay 0.0050% / 4h | 1h 48m | $3.2M | $8.5M | 20x |
| Short | Lighter ZRO | 1.1817 | 0.0072 | get 0.0009% / 1h | 48m 49s | $4.4M | $1.5M | 5x |
OKX ZRO-USDT-SWAP
Lighter ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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
- −$5.88
- Price spread: +0.044% → +0.126%
- −$8.23
- Slippage, 4 orders
- −$25.04
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$49.15
- Costs to cover
- 0.350%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Lighter: live order book, 4 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 OKX live order book, 4 min ago | 2.12 bp | 16.1 bp −$16 | 85.5 bp −$855 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.93 bp | 1.4 bp −$1 | 70.5 bp −$705 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZROUSD | −0.0552% | 1h | 1.1798 | −0.118% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0061% | 4h | 1.1817 | +0.042% | $21K | $7K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0055% | 4h | 1.1814 | +0.017% | $1.1M | $263K | 75x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0059% | 1h | 1.1828 | +0.136% | $251K | $562K | 25x | as long as short |
| Lighter ZROshort | +0.0072% | 1h | 1.1817 | +0.044% | $4.4M | $1.5M | 5x | |
| dYdX ZRO-USD | +0.0088% | 1h | 1.1818 | +0.049% | $21K | $2K | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1837 | +0.212% | $37.6M | $6.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1819 | +0.057% | $158K | $154K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1821 | +0.073% | $138K | $184K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1822 | +0.081% | $22.2M | $32.0M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Kraken Futures PF_ZROUSD
dYdX ZRO-USD
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZROUSDT | +0.0100% | 4h | 1.1805 | −0.059% | $18.0M | $15.0M | 50x | as long as short |
| OKX ZRO-USDT-SWAPlong | +0.0100% | 4h | 1.1812 | long leg | $3.2M | $8.5M | 20x | |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1810 | −0.017% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1823 | +0.093% | $19.1M | $3.1M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1827 | +0.127% | $2.9M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1816 | +0.034% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1816 | +0.034% | — | $10.8M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1821 | +0.076% | $95K | $205K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1782 | −0.254% | $2.3M | $859K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1840 | +0.237% | $37K | $682K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1828 | +0.135% | $88K | $906K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1810 | −0.017% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0176% | 1h | 1.1809 | −0.022% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0295% / S −0.2416% | 1h | 1.1824 | +0.105% | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERP | +0.0980% | 1h | 1.1860 | +0.406% | $12K | $218K | 12x | as long as short |
| Extended ZRO-USD | +0.2264% | 1h | 1.1814 | +0.017% | $784K | $541K | 10x | as long as short |
Bybit ZROUSDT
Gate ZRO_USDT
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
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP
Extended ZRO-USD