ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h +0.106%

Price spread now: Lighter against 01 Exchange+0.084%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Lighter

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

The price spread pays, funding is against you. Lighter is 0.084% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.084% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ZROUSD	1.1747	0.0112	pay 0.0014% / 1h	17m 00s	$7K	$3K	5x
Short	Lighter ZRO	1.1757	0.0096	get 0.0012% / 1h	17m 00s	$4.4M	$1.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against 01 Exchange. 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 01 ExchangebpFee LighterbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$3.36
Price spread: +0.084% → 0.000%: $8.43
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$1.93
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; Lighter: live order book, 6 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Lighter live order book, 6 min ago	10.85 bp	22.1 bp −$22	93.4 bp −$934	doesn't fit	doesn't fit

01 Exchange: 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 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	+0.0022%	1h	1.1737	−0.087%	$21K	$4K	5x	as long as short
Orderly PERP_ZRO_USDC	+0.0037%	4h	1.1739	−0.072%	$21K	$5K	10x	as long as short
Lighter ZROshort	+0.0096%	1h	1.1757	+0.084%	$4.4M	$1.2M	5x
Aster ZROUSDT	+0.0100%	4h	1.1747	−0.007%	$158K	$151K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1737	−0.092%	$136K	$179K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1741	−0.057%	$22.0M	$29.9M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1737	−0.089%	$18.0M	$13.9M	50x	as long as short
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1744	−0.029%	$3.2M	$7.9M	20x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1730	−0.148%	$1.3M	$1.5M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1739	−0.072%	$19.3M	$2.7M	125x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZROUSDTM	+0.0100%	4h	1.1725	−0.191%	$2.4M	$2.0M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1737	−0.089%	$2.7M	$2.6M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1738	−0.080%	—	$16.4M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1741	−0.054%	$98K	$218K	20x	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1699	−0.413%	$2.3M	$810K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1720	−0.233%	$39K	$671K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1742	−0.046%	$100K	$851K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1737	−0.090%	$21K	—	3x	as long as short
BloFin ZRO-USDT	+0.0110%	4h	1.1745	−0.020%	$1.1M	$250K	75x	as long as short
01 Exchange ZROUSDlong	+0.0112%	1h	1.1747	long leg	$7K	$3K	5x
Nado ZRO-PERP	+0.0194%	1h	1.1735	−0.106%	$1.3M	$124K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0293% / S −0.2341%	1h	1.1742	−0.050%	$3K	—	100x	as long as short
Hyperliquid ZRO	+0.0328%	1h	1.1757	+0.082%	$37.2M	$5.5M	5x	as long as short
Kraken Futures PF_ZROUSD	+0.0379%	1h	1.1748	+0.002%	$258K	$398K	25x	as long as short
Extended ZRO-USD	+0.1184%	1h	1.1742	−0.043%	$784K	$589K	10x	as long as short
Injective ZRO/USDC PERP	+0.1186%	1h	1.1780	+0.278%	$12K	$260K	12x	as long as short