Funding you earn now, next payment 08:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h −0.034%
Price spread now: Orderly against ApeX Omni−0.253%70s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.253% cheaper against ApeX Omni than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ZROUSDT | 1.1840 | 0.0100 | pay 0.0013% / 1h | 59m 40s | $40K | $668K | 50x |
| Short | Orderly PERP_ZRO_USDC | 1.1810 | 0.0081 | get 0.0041% / 4h | 3h 59m | $21K | $4K | 10x |
ApeX Omni ZROUSDT
Orderly PERP_ZRO_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$3.94
- Price spread: −0.253% → 0.000%
- −$25.34
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$45.28
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: ApeX Omni: live order book, 39 min ago; Orderly: no order-book sample. 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 ApeX Omni live order book, 39 min ago | 12.88 bp | 23.2 bp −$23 | 126.8 bp −$1,268 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZROUSD | −0.0152% | 1h | 1.1824 | −0.139% | $4K | $5K | 5x | as long as short |
| dYdX ZRO-USD | +0.0005% | 1h | 1.1822 | −0.153% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDCshort | +0.0081% | 4h | 1.1810 | −0.253% | $21K | $4K | 10x | |
| Lighter ZRO | +0.0096% | 1h | 1.1832 | −0.065% | $4.4M | $1.2M | 5x | as long as short |
| Nado ZRO-PERP | +0.0100% | 1h | 1.1813 | −0.224% | $1.3M | $128K | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1840 | 0.000% | $37.5M | $5.3M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1830 | −0.087% | $160K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1828 | −0.097% | $139K | $168K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1821 | −0.160% | $22.1M | $28.9M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1821 | −0.160% | $18.1M | $13.2M | 50x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Lighter ZRO
Nado ZRO-PERP
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1821 | −0.160% | $3.2M | $7.8M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1810 | −0.253% | $1.3M | $1.3M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1821 | −0.160% | $19.4M | $2.6M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1832 | −0.068% | $2.4M | $2.2M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1820 | −0.169% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1823 | −0.144% | — | $21.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1801 | −0.326% | $2.3M | $759K | — | as long as short |
| ApeX Omni ZROUSDTlong | +0.0100% | 1h | 1.1840 | long leg | $40K | $668K | 50x | |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1819 | −0.177% | $100K | $811K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1801 | −0.333% | $21K | — | 3x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0122% | 1h | 1.1820 | −0.169% | $98K | $218K | 20x | as long as short |
| BloFin ZRO-USDT | +0.0141% | 4h | 1.1811 | −0.245% | $1.0M | $199K | 75x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0294% / S −0.2341% | 1h | 1.1812 | −0.239% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0426% | 1h | 1.1828 | −0.102% | $265K | $302K | 25x | as long as short |
| Extended ZRO-USD | +0.0448% | 1h | 1.1822 | −0.156% | $807K | $647K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1271% | 1h | 1.1850 | +0.084% | $12K | $261K | 12x | as long as short |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Backpack ZRO_USDC_PERP
BloFin ZRO-USDT
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP