Funding you earn now, next payment 23:00 UTC+0.0857%/8h= +93.9% APRpaid last 24h +0.079%
Price spread now: Injective against BloFin+0.422%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$1111.106% of the position
Funding, last 7 days−0.255%−$26 on $10k
+Price spread, last 3 days (all we have)−1.015%−$102 · spread now +0.422%, 7d avg −0.005%
=Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Injective is 0.427% dearer against BloFin than usual: you sell high and buy low: +$43 more if the spread goes back to its 7-day average of −0.005%. Mind the row above: over the last 7 days funding on this pair cost −0.255%, 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 -0.255% in total (about -13.3% 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 | BloFin ZRO-USDT | 1.1840 | 0.0122 | pay 0.0061% / 4h | 1h 35m | $1.1M | $263K | 75x |
| Short | Injective ZRO/USDC PERP | 1.1890 | 0.0980 | get 0.0122% / 1h | 35m 39s | $12K | $218K | 12x |
BloFin ZRO-USDT
Injective ZRO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BloFin. 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
- $180.05
- Price spread: +0.422% → −0.005%
- $42.68
- Slippage, 4 orders
- −$98.55
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $112.16
- Costs to cover
- 1.106%
- Break-even
- 2.6 days
Slippage from BloFin: live order book, 2 min ago; Injective: live order book, 48 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 BloFin live order book, 2 min ago | 0.85 bp | 15.3 bp −$15 | 32.1 bp −$321 | doesn't fit | doesn't fit |
| Sell Injective live order book, 48 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 | −0.0544% | 1h | 1.1815 | −0.213% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0047% | 4h | 1.1821 | −0.160% | $21K | $7K | 10x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0059% | 1h | 1.1830 | −0.087% | $251K | $552K | 25x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1820 | −0.166% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1837 | −0.025% | $37.6M | $6.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1829 | −0.094% | $158K | $154K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1821 | −0.157% | $138K | $182K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1819 | −0.177% | $22.2M | $31.7M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1810 | −0.253% | $18.0M | $14.9M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1822 | −0.152% | $3.2M | $8.5M | 20x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Kraken Futures PF_ZROUSD
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 | 1.1830 | −0.084% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1817 | −0.194% | $19.1M | $3.1M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1830 | −0.084% | $2.9M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1829 | −0.093% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1814 | −0.220% | — | $10.8M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1827 | −0.110% | $100K | $207K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1830 | −0.083% | $2.3M | $859K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1850 | +0.084% | $37K | $681K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1830 | −0.084% | $88K | $904K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1816 | −0.207% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDTlong | +0.0122% | 4h | 1.1840 | long leg | $1.1M | $263K | 75x | |
| dYdX ZRO-USD | +0.0135% | 1h | 1.1831 | −0.076% | $21K | $2K | 5x | as long as short |
| Nado ZRO-PERP | +0.0161% | 1h | 1.1824 | −0.135% | $1.3M | $125K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1828 | −0.102% | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERPshort | +0.0980% | 1h | 1.1890 | +0.422% | $12K | $218K | 12x | |
| Extended ZRO-USD | +0.2504% | 1h | 1.1817 | −0.198% | $784K | $541K | 10x | 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
dYdX ZRO-USD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD