Funding you earn now, next payment 03:00 UTC+0.0460%/8h= +50.4% APRnext payment +$0.57 per $10,000 · paid last 24h +0.126%
Price spread now: Extended against ApeX Omni+0.046%72s7-day average −0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$828as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$8428.415% of the position
Funding, last 7 days+0.134%+$13 on $10k
+Price spread, last 4 days (all we have)−0.377%−$38 · spread now +0.046%, 7d avg −0.063%
=Together, before fees−0.243%+ Points / potential airdropExtended: Active · farm board−$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Extended is 0.109% dearer against ApeX Omni than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.063%. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.134% in total (about 7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.57 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ZROUSDT | 1.1690 | 0.0100 | pay 0.0013% / 1h | 40m 23s | $39K | $673K | 50x |
| Short | Extended ZRO-USD | 1.1695 | 0.0560 | get 0.0070% / 1h | 40m 23s | $785K | $591K | 10x |
ApeX Omni ZROUSDT
Extended ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against ApeX 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
- $96.6
- Price spread: +0.046% → −0.063%
- $10.87
- Slippage, 4 orders
- −$826.54
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$734.07
- Costs to cover
- 8.415%
- Break-even
- 60.2 days
Slippage from ApeX Omni: live order book, 23 min ago; Extended: live order book, 23 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 ApeX Omni live order book, 23 min ago | 8.53 bp | 24.9 bp −$25 | 123.7 bp −$1,237 | doesn't fit | doesn't fit |
| Sell Extended live order book, 23 min ago | 10.23 bp | 21.6 bp −$22 | doesn't fit | 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 | −0.0544% | 1h | 1.1698 | +0.067% | $7K | $3K | 5x | as long as short |
| Bybit ZROUSDT | −0.0047% | 4h | 1.1694 | +0.034% | $17.9M | $14.0M | 50x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1702 | +0.101% | $21K | $3K | 5x | as long as short |
| Gate ZRO_USDT | +0.0032% | 4h | 1.1700 | +0.086% | $1.3M | $1.5M | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0036% | 4h | 1.1695 | +0.043% | $20K | $5K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0057% | 4h | 1.1692 | +0.017% | $1.1M | $248K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1722 | +0.273% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1714 | +0.207% | $37.1M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1718 | +0.240% | $158K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1704 | +0.122% | $136K | $170K | 5x | as long as short |
01 Exchange ZROUSD
Bybit ZROUSDT
dYdX ZRO-USD
Gate ZRO_USDT
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZROShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ZROUSDT | +0.0100% | 4h | 1.1693 | +0.026% | $21.9M | $29.9M | 75x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1697 | +0.060% | $3.2M | $8.0M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1701 | +0.094% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1707 | +0.145% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1691 | +0.009% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1695 | +0.043% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1706 | +0.137% | $95K | $212K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1694 | +0.036% | $2.3M | $813K | — | as long as short |
| ApeX Omni ZROUSDTlong | +0.0100% | 1h | 1.1690 | long leg | $39K | $673K | 50x | |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1708 | +0.154% | $99K | $851K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1690 | 0.000% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0193% | 1h | 1.1709 | +0.159% | $1.3M | $127K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0198% | 1h | 1.1711 | +0.176% | $257K | $407K | 25x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1702 | +0.099% | $3K | — | 100x | as long as short |
| Extended ZRO-USDshort | +0.0560% | 1h | 1.1695 | +0.046% | $785K | $591K | 10x | |
| Injective ZRO/USDC PERP | +0.1102% | 1h | 1.1740 | +0.428% | $12K | $260K | 12x | as long as short |
Binance ZROUSDT
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
Kraken Futures PF_ZROUSD
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP