Funding you earn now, next payment 00:00 UTC+0.1892%/8h= +207.2% APRpaid last 24h +0.081%
Price spread now: Extended against BingX+0.030%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,030as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,035as in the Price arb table
costs, in and out, $10k−$1,03910.390% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 4 days (all we have)+0.067%+$7 · spread now +0.030%, 7d avg −0.010%
=Together, before fees+0.156%+ Points / potential airdropExtended: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$57 a day on $10k at the current rate, and Extended is 0.040% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.010%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.089% in total (about 4.6% a year). A funding rate is set anew for every payment. 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 | BingX ZRO-USDT | 1.1733 | 0.0100 | pay 0.0050% / 4h | 31m 27s | — | $10.7M | — |
| Short | Extended ZRO-USD | 1.1737 | 0.1992 | get 0.0249% / 1h | 31m 27s | $784K | $610K | 10x |
BingX ZRO-USDT
Extended ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against BingX. 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
- $397.32
- Price spread: +0.030% → −0.010%
- $4
- Slippage, 4 orders
- −$1,024.01
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$637.69
- Costs to cover
- 10.390%
- Break-even
- 18.2 days
Slippage from BingX: live order book, 7 min ago; Extended: live order book, 47 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 BingX live order book, 7 min ago | 2.97 bp | 8.9 bp −$9 | 13.3 bp −$133 | 27.0 bp −$2,696 | 51.9 bp −$25.9K |
| Sell Extended live order book, 47 min ago | 13.07 bp | 27.8 bp −$28 | 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 | −0.0168% | 1h | 1.1732 | −0.009% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0001% | 4h | 1.1732 | −0.009% | $21K | $7K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0076% | 4h | 1.1737 | +0.034% | $1.1M | $255K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1748 | +0.128% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1744 | +0.094% | $37.2M | $6.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1740 | +0.063% | $157K | $153K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1735 | +0.020% | $136K | $177K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1740 | +0.063% | $22.0M | $31.3M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1735 | +0.017% | $17.9M | $14.7M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1743 | +0.085% | $3.2M | $8.3M | 20x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Lighter ZRO
Hyperliquid 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 | 1.1740 | +0.060% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1734 | +0.009% | $19.1M | $2.8M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1724 | −0.077% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1728 | −0.043% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDTlong | +0.0100% | 4h | 1.1733 | long leg | — | $10.7M | — | |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1738 | +0.043% | $100K | $207K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1756 | +0.193% | $2.3M | $878K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1740 | +0.060% | $37K | $686K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1747 | +0.119% | $94K | $825K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1730 | −0.023% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0132% | 1h | 1.1738 | +0.047% | $21K | $2K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0133% | 1h | 1.1744 | +0.094% | $252K | $434K | 25x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1734 | +0.007% | $3K | — | 100x | as long as short |
| Nado ZRO-PERP | +0.0358% | 1h | 1.1742 | +0.079% | $1.3M | $125K | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.1159% | 1h | 1.1840 | +0.912% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USDshort | +0.1992% | 1h | 1.1737 | +0.030% | $784K | $610K | 10x |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
dYdX ZRO-USD
Kraken Futures PF_ZROUSD
GMX ZRO/USD [ETH-USDC]
Nado ZRO-PERP
Injective ZRO/USDC PERP