Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.038%
Price spread now: Lighter against Variational Omni+0.260%7-day average +0.164% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.235%+$23 on $10k
+Price spread, last 7 days+0.019%+$2 · spread now +0.260%, 7d avg +0.164%
=Together, before fees+0.254%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$25 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: Lighter is 0.097% dearer against Variational Omni than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.164%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ZRO | 1.1731 | 0.0100 | pay 0.0050% / 4h | 3h 34m | $2.3M | $866K | — |
| Short | Lighter ZRO | 1.1762 | 0.0096 | get 0.0012% / 1h | 34m 20s | $4.4M | $1.5M | 5x |
Variational Omni ZRO
Lighter ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Variational Omni. 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: +0.260% → +0.164%
- $9.65
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $8.81
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Lighter: live order book, 3 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 Variational Omni RFQ quote, 5 min ago | 4.85 bp | doesn't fit | 36.3 bp −$363 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 8.73 bp | 10.1 bp −$10 | 77.0 bp −$770 | 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 | −0.0096% | 1h | 1.1755 | +0.200% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0011% | 4h | 1.1751 | +0.169% | $21K | $6K | 10x | as long as short |
| Lighter ZROshort | +0.0096% | 1h | 1.1762 | +0.260% | $4.4M | $1.5M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1764 | +0.280% | $37.3M | $5.8M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1759 | +0.238% | $157K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1751 | +0.167% | $136K | $170K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1756 | +0.210% | $22.1M | $30.3M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1748 | +0.143% | $18.0M | $14.2M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1761 | +0.254% | $3.2M | $8.0M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1750 | +0.160% | $1.3M | $1.5M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1755 | +0.203% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1746 | +0.126% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1750 | +0.160% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1745 | +0.118% | — | $14.7M | — | as long as short |
| Variational Omni ZROlong | +0.0100% | 4h | 1.1731 | long leg | $2.3M | $866K | — | |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1730 | −0.010% | $37K | $688K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1763 | +0.271% | $91K | $830K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1749 | +0.150% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0131% | 4h | 1.1744 | +0.109% | $1.1M | $256K | 75x | as long as short |
| dYdX ZRO-USD | +0.0227% | 1h | 1.1748 | +0.141% | $21K | $3K | 5x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0282% | 1h | 1.1746 | +0.126% | $99K | $204K | 20x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1753 | +0.188% | $3K | — | 100x | as long as short |
| Nado ZRO-PERP | +0.0292% | 1h | 1.1752 | +0.178% | $1.3M | $129K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0302% | 1h | 1.1767 | +0.307% | $252K | $410K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.1190% | 1h | 1.1790 | +0.501% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1344% | 1h | 1.1754 | +0.191% | $780K | $589K | 10x | as long as short |
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
dYdX ZRO-USD
Backpack ZRO_USDC_PERP
GMX ZRO/USD [ETH-USDC]
Nado ZRO-PERP
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP
Extended ZRO-USD