ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.13 per $10,000 · paid last 24h −0.035%

Price spread now: Orderly against Bybit+0.026%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Orderly is 0.026% dearer against Bybit than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZROUSDT	1.1711	0.0100	pay 0.0050% / 4h	1h 59m	$18.0M	$13.6M	50x
Short	Orderly PERP_ZRO_USDC	1.1714	0.0074	get 0.0037% / 4h	1h 59m	$21K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee OrderlybpOrdersPrice spread, now +0.026%Rate

Funding earned: −$5.46
Price spread: +0.026% → 0.000%: $2.56
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$19.9
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

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, 4 min ago	0.43 bp	17.0 bp −$17	50.1 bp −$501	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0232%	1h	1.1708	−0.028%	$4K	$5K	5x	as long as short
dYdX ZRO-USD	+0.0006%	1h	1.1709	−0.020%	$21K	$5K	5x	as long as short
BloFin ZRO-USDT	+0.0059%	4h	1.1697	−0.120%	$1.0M	$253K	75x	as long as short
Orderly PERP_ZRO_USDCshort	+0.0074%	4h	1.1714	+0.026%	$21K	$4K	10x
Lighter ZRO	+0.0096%	1h	1.1738	+0.228%	$4.4M	$1.2M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1721	+0.084%	$158K	$151K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1712	+0.010%	$138K	$174K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1717	+0.051%	$21.9M	$29.4M	75x	as long as short
Bybit ZROUSDTlong	+0.0100%	4h	1.1711	long leg	$18.0M	$13.6M	50x
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1724	+0.111%	$3.2M	$7.8M	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ZRO_USDT	+0.0100%	4h	1.1700	−0.094%	$1.3M	$1.4M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1713	+0.017%	$19.2M	$2.7M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1706	−0.043%	$2.4M	$2.0M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1724	+0.111%	$2.7M	$2.5M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1731	+0.171%	—	$16.6M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1731	+0.171%	$96K	$221K	20x	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1717	+0.050%	$2.3M	$812K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1720	+0.077%	$39K	$672K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1719	+0.068%	$99K	$821K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1707	−0.038%	$21K	—	3x	as long as short
Hyperliquid ZRO	+0.0161%	1h	1.1728	+0.145%	$37.2M	$5.5M	5x	as long as short
Nado ZRO-PERP	+0.0245%	1h	1.1715	+0.037%	$1.3M	$126K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0293% / S −0.2341%	1h	1.1718	+0.059%	$3K	—	100x	as long as short
Kraken Futures PF_ZROUSD	+0.0513%	1h	1.1717	+0.049%	$254K	$333K	25x	as long as short
Extended ZRO-USD	+0.0864%	1h	1.1713	+0.020%	$803K	$625K	10x	as long as short
Injective ZRO/USDC PERP	+0.1317%	1h	1.1690	−0.179%	$12K	$260K	12x	as long as short