Funding you earn now, next payment 04:00 UTC+0.1086%/8h= +118.9% APRnext payment +$1.36 per $10,000 · paid last 24h +0.148%
Price spread now: Injective against ApeX Omni+0.172%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1231.228% of the position
Funding, last 7 days−0.198%−$20 on $10k
+Price spread, last 4 days (all we have)−1.099%−$110 · spread now +0.172%, 7d avg −0.028%
=Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Injective is 0.199% dearer against ApeX Omni than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.028%. Mind the row above: over the last 7 days funding on this pair cost −0.198%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.198% in total (about -10.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.36 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 | 1.1650 | 0.0100 | pay 0.0013% / 1h | 49m 53s | $39K | $673K | 50x |
| Short | Injective ZRO/USDC PERP | 1.1670 | 0.1186 | get 0.0148% / 1h | 49m 53s | $12K | $260K | 12x |
ApeX Omni ZROUSDT
Injective ZRO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $228.05
- Price spread: +0.172% → −0.028%
- $19.94
- Slippage, 4 orders
- −$112.77
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $125.2
- Costs to cover
- 1.228%
- Break-even
- 3.2 days
Slippage from ApeX Omni: live order book, 8 min ago; Injective: live order book, 9 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, 8 min ago | 12.89 bp | 21.4 bp −$21 | 117.3 bp −$1,173 | doesn't fit | doesn't fit |
| Sell Injective live order book, 9 min ago | 34.28 bp | 45.0 bp −$45 | 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 | −0.0048% | 1h | 1.1590 | −0.518% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | +0.0005% | 1h | 1.1598 | −0.446% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0037% | 4h | 1.1586 | −0.549% | $20K | $5K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0047% | 4h | 1.1601 | −0.421% | $1.1M | $247K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1612 | −0.322% | $4.3M | $1.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1596 | −0.462% | $156K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1601 | −0.419% | $135K | $177K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1587 | −0.541% | $21.7M | $29.7M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1581 | −0.592% | $17.6M | $13.9M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1594 | −0.481% | $3.2M | $7.8M | 20x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1590 | −0.515% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1583 | −0.575% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1579 | −0.609% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1579 | −0.609% | $2.6M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1585 | −0.558% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1596 | −0.464% | $97K | $196K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1590 | −0.515% | $2.2M | $810K | — | as long as short |
| ApeX Omni ZROUSDTlong | +0.0100% | 1h | 1.1650 | long leg | $39K | $673K | 50x | |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1598 | −0.446% | $98K | $844K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1585 | −0.554% | $20K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0205% | 1h | 1.1591 | −0.504% | $1.3M | $125K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1592 | −0.496% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0384% | 1h | 1.1604 | −0.397% | $255K | $404K | 25x | as long as short |
| Hyperliquid ZRO | +0.0469% | 1h | 1.1609 | −0.348% | $36.8M | $5.4M | 5x | as long as short |
| Extended ZRO-USD | +0.1080% | 1h | 1.1580 | −0.599% | $776K | $590K | 10x | as long as short |
| Injective ZRO/USDC PERPshort | +0.1186% | 1h | 1.1670 | +0.172% | $12K | $260K | 12x |
Gate ZRO_USDT
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
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Hyperliquid ZRO
Extended ZRO-USD