Funding you earn now, next payment 01:00 UTC+0.0189%/8h= +20.7% APRpaid last 24h +0.024%
Price spread now: Nado against Bybit−0.083%49s7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$550.545% of the position
Funding, last 3 days (all we have)+0.057%+$6 on $10k
+Price spread, last 7 days+0.234%+$23 · spread now −0.083%, 7d avg +0.027%
=Together, before fees+0.291%+ Points / potential airdropNado: Active · farm board+$29 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.110% cheaper against Bybit than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of +0.027%). If the spread goes back, that is −$11 on $10k: about 46 hours of funding at the current rate (+$6 a day). At the pace of the last 3 days (+0.057% in total) that is about 6.3 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.057% in total (about 6.4% 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 | Bybit ZROUSDT | 1.1867 | 0.0100 | pay 0.0050% / 4h | 3h 10m | $18.2M | $14.0M | 50x |
| Short | Nado ZRO-PERP | 1.1857 | 0.0289 | get 0.0036% / 1h | 10m 39s | $1.4M | $127K | 5x |
Bybit ZROUSDT
Nado ZRO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $39.72
- Price spread: −0.083% → +0.027%
- −$10.99
- Slippage, 4 orders
- −$36.53
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$25.8
- Costs to cover
- 0.545%
- Break-even
- 11.5 days
Slippage from Bybit: live order book, 3 min ago; Nado: live order book, 3 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, 3 min ago | 1.27 bp | 14.3 bp −$14 | 43.8 bp −$438 | doesn't fit | doesn't fit |
| Sell Nado live order book, 3 min ago | 2.11 bp | 13.1 bp −$13 | 31.5 bp −$315 | 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 | −0.0104% | 1h | 1.1856 | −0.091% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0012% | 4h | 1.1854 | −0.110% | $21K | $6K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1887 | +0.173% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1885 | +0.152% | $37.6M | $5.7M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1869 | +0.020% | $159K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1876 | +0.076% | $138K | $168K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1877 | +0.084% | $22.3M | $30.1M | 75x | as long as short |
| Bybit ZROUSDTlong | +0.0100% | 4h | 1.1867 | long leg | $18.2M | $14.0M | 50x | |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1880 | +0.110% | $3.2M | $8.1M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1860 | −0.059% | $1.4M | $1.5M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance 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 | 1.1878 | +0.093% | $19.3M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1879 | +0.101% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1876 | +0.076% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1874 | +0.059% | — | $15.8M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1845 | −0.185% | $2.3M | $853K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1850 | −0.143% | $37K | $688K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1869 | +0.017% | $92K | $824K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1849 | −0.155% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0135% | 4h | 1.1857 | −0.084% | $1.1M | $256K | 75x | as long as short |
| dYdX ZRO-USD | +0.0200% | 1h | 1.1878 | +0.094% | $21K | $3K | 5x | as long as short |
| Nado ZRO-PERPshort | +0.0289% | 1h | 1.1857 | −0.083% | $1.4M | $127K | 5x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1861 | −0.054% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0299% | 1h | 1.1868 | +0.007% | $254K | $408K | 25x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0442% | 1h | 1.1864 | −0.025% | $98K | $207K | 20x | as long as short |
| Injective ZRO/USDC PERP | +0.1190% | 1h | 1.1910 | +0.362% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1216% | 1h | 1.1875 | +0.063% | $792K | $613K | 10x | as long as short |
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
dYdX ZRO-USD
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Backpack ZRO_USDC_PERP
Injective ZRO/USDC PERP
Extended ZRO-USD