Funding you earn now, next payment 02:00 UTC+0.0756%/8h= +82.8% APRpaid last 24h +0.114%
Price spread now: Extended against Bybit+0.128%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$727as in the Funding arb table
Net, price: spread back to 7d avg − costs−$729as in the Price arb table
costs, in and out, $10k−$7407.401% of the position
Funding, last 7 days+0.135%+$13 on $10k
+Price spread, last 4 days (all we have)−0.087%−$9 · spread now +0.128%, 7d avg +0.014%
=Together, before fees+0.048%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Extended is 0.114% dearer against Bybit than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.014%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.135% in total (about 7.0% 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 | Bybit ZROUSDT | 1.1715 | 0.0100 | pay 0.0050% / 4h | 2h 28m | $18.0M | $14.0M | 50x |
| Short | Extended ZRO-USD | 1.1730 | 0.0856 | get 0.0107% / 1h | 28m 51s | $784K | $592K | 10x |
Bybit ZROUSDT
Extended ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bybit. 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
- $158.76
- Price spread: +0.128% → +0.014%
- $11.4
- Slippage, 4 orders
- −$724.05
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$569.9
- Costs to cover
- 7.401%
- Break-even
- 32.1 days
Slippage from Bybit: live order book, 5 min ago; Extended: live order book, 39 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 Bybit live order book, 5 min ago | 0.86 bp | 15.9 bp −$16 | 44.9 bp −$449 | doesn't fit | doesn't fit |
| Sell Extended live order book, 39 min ago | 11.35 bp | 21.1 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
ZRO on 25 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 | −0.0248% | 1h | 1.1743 | +0.239% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1757 | +0.354% | $21K | $3K | 5x | as long as short |
| Gate ZRO_USDT | +0.0020% | 4h | 1.1720 | +0.043% | $1.3M | $1.5M | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0028% | 4h | 1.1726 | +0.094% | $21K | $6K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1741 | +0.225% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1745 | +0.258% | $37.2M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1733 | +0.149% | $157K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1748 | +0.282% | $136K | $167K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1729 | +0.120% | $22.0M | $29.9M | 75x | as long as short |
| Bybit ZROUSDTlong | +0.0100% | 4h | 1.1715 | long leg | $18.0M | $14.0M | 50x |
01 Exchange ZROUSD
dYdX ZRO-USD
Gate ZRO_USDT
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1735 | +0.171% | $3.2M | $8.0M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1728 | +0.111% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1731 | +0.137% | $2.3M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1728 | +0.111% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1727 | +0.102% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1730 | +0.128% | $96K | $211K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1716 | +0.010% | $2.3M | $827K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1720 | +0.043% | $39K | $682K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1745 | +0.256% | $92K | $841K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1719 | +0.034% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0195% | 1h | 1.1744 | +0.251% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1732 | +0.141% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0371% | 1h | 1.1725 | +0.083% | $251K | $407K | 25x | as long as short |
| Extended ZRO-USDshort | +0.0856% | 1h | 1.1730 | +0.128% | $784K | $592K | 10x | |
| Injective ZRO/USDC PERP | +0.1213% | 1h | 1.1790 | +0.640% | $12K | $260K | 12x | as long as short |
OKX ZRO-USDT-SWAP
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
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP