Funding you earn now, next payment 23:00 UTC+0.0880%/8h= +96.3% APRpaid last 24h +0.060%
Price spread now: Injective against Bitget+0.287%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$1131.132% of the position
Funding, last 7 days−0.276%−$28 on $10k
+Price spread, last 3 days (all we have)−1.173%−$117 · spread now +0.287%, 7d avg 0.000%
=Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Injective is 0.287% dearer against Bitget than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of 0.000%. Mind the row above: over the last 7 days funding on this pair cost −0.276%, 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 -0.276% in total (about -14.4% 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 | Bitget ZROUSDT | 1.1856 | 0.0100 | pay 0.0050% / 4h | 1h 55m | $2.7M | $2.4M | 75x |
| Short | Injective ZRO/USDC PERP | 1.1890 | 0.0980 | get 0.0122% / 1h | 55m 06s | $12K | $218K | 12x |
Bitget ZROUSDT
Injective ZRO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bitget. 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
- $184.7
- Price spread: +0.287% → 0.000%
- $28.66
- Slippage, 4 orders
- −$101.18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $100.16
- Costs to cover
- 1.132%
- Break-even
- 3.2 days
Slippage from Bitget: live order book, 2 min ago; Injective: live order book, 29 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 Bitget live order book, 2 min ago | 2.11 bp | 15.7 bp −$16 | 27.4 bp −$274 | doesn't fit | doesn't fit |
| Sell Injective live order book, 29 min ago | 33.73 bp | 44.0 bp −$44 | 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 | −0.0496% | 1h | 1.1861 | +0.040% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0056% | 4h | 1.1861 | +0.042% | $21K | $7K | 10x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0059% | 1h | 1.1873 | +0.140% | $252K | $563K | 25x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1861 | +0.042% | $4.5M | $1.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1861 | +0.044% | $158K | $160K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1858 | +0.015% | $139K | $190K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1859 | +0.026% | $22.3M | $32.3M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1852 | −0.034% | $18.1M | $15.0M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1860 | +0.034% | $3.2M | $8.6M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1850 | −0.051% | $1.3M | $1.8M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Kraken Futures PF_ZROUSD
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1862 | +0.051% | $19.2M | $3.1M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1864 | +0.067% | $2.9M | $1.8M | 50x | as long as short |
| Bitget ZROUSDTlong | +0.0100% | 4h | 1.1856 | long leg | $2.7M | $2.4M | 75x | |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1855 | −0.008% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1867 | +0.093% | $95K | $205K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1837 | −0.156% | $2.3M | $859K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1820 | −0.304% | $37K | $683K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1871 | +0.127% | $88K | $908K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1860 | +0.034% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0107% | 1h | 1.1859 | +0.029% | $21K | $2K | 5x | as long as short |
| Hyperliquid ZRO | +0.0115% | 1h | 1.1875 | +0.160% | $37.7M | $6.4M | 5x | as long as short |
| Nado ZRO-PERP | +0.0127% | 1h | 1.1856 | −0.001% | $1.3M | $129K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0153% | 4h | 1.1859 | +0.025% | $1.1M | $264K | 75x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0296% / S −0.2416% | 1h | 1.1869 | +0.114% | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERPshort | +0.0980% | 1h | 1.1890 | +0.287% | $12K | $218K | 12x | |
| Extended ZRO-USD | +0.2112% | 1h | 1.1855 | −0.008% | $784K | $539K | 10x | as long as short |
MEXC ZRO_USDT
KuCoin ZROUSDTM
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
dYdX ZRO-USD
Hyperliquid ZRO
Nado ZRO-PERP
BloFin ZRO-USDT
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD