Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.039%
Price spread now: OKX against Binance−0.032%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$740.735% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 7 days+0.103%+$10 · spread now −0.032%, 7d avg +0.012%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.044% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZROUSDT | 1.1754 | 0.0100 | pay 0.0050% / 4h | 2h 48m | $22.0M | $30.1M | 75x |
| Short | OKX ZRO-USDT-SWAP | 1.1750 | 0.0100 | get 0.0050% / 4h | 2h 48m | $3.2M | $8.0M | 20x |
Binance ZROUSDT
OKX ZRO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. 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
- Price spread: −0.032% → +0.012%
- −$4.44
- Slippage, 4 orders
- −$53.52
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$77.96
- Costs to cover
- 0.735%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; OKX: live order book, 4 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 Binance live order book, 8 min ago | 0.86 bp | 14.9 bp −$15 | 38.3 bp −$383 | 350.0 bp −$35.0K | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.13 bp | 22.7 bp −$23 | 128.9 bp −$1,289 | 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 | −0.0184% | 1h | 1.1756 | +0.019% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1755 | +0.007% | $21K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0010% | 4h | 1.1749 | −0.041% | $21K | $6K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1773 | +0.168% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1767 | +0.112% | $37.3M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1771 | +0.146% | $157K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1756 | +0.022% | $136K | $168K | 5x | as long as short |
| Binance ZROUSDTlong | +0.0100% | 4h | 1.1754 | long leg | $22.0M | $30.1M | 75x | |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1745 | −0.075% | $18.0M | $14.1M | 50x | as long as short |
| OKX ZRO-USDT-SWAPshort | +0.0100% | 4h | 1.1750 | −0.032% | $3.2M | $8.0M | 20x |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1750 | −0.032% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1758 | +0.036% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1763 | +0.078% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1753 | −0.007% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1750 | −0.032% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1760 | +0.053% | $100K | $212K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1712 | −0.358% | $2.3M | $837K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1720 | −0.287% | $39K | $685K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1763 | +0.078% | $92K | $843K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1747 | −0.056% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0132% | 4h | 1.1753 | −0.007% | $1.1M | $253K | 75x | as long as short |
| Nado ZRO-PERP | +0.0197% | 1h | 1.1748 | −0.050% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1752 | −0.016% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0370% | 1h | 1.1759 | +0.045% | $252K | $407K | 25x | as long as short |
| Extended ZRO-USD | +0.0992% | 1h | 1.1752 | −0.015% | $784K | $593K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1213% | 1h | 1.1810 | +0.478% | $12K | $260K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP