Funding you earn now, next payment 22:00 UTC−0.0488%/8h= −53.4% APRpaid last 24h −0.051%
Price spread now: 01 Exchange against Bybit−0.046%54s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and 01 Exchange is 0.046% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZROUSDT | 1.1833 | 0.0040 | pay 0.0020% / 4h | 2h 29m | $18.1M | $15.7M | 50x |
| Short | 01 Exchange ZROUSD | 1.1827 | −0.0448 | pay 0.0056% / 1h | 29m 43s | $7K | $3K | 5x |
Bybit ZROUSDT
01 Exchange ZROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$102.51
- Price spread: −0.046% → 0.000%
- −$4.65
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$125.15
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 4 min ago; 01 Exchange: 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 | 0.85 bp | 17.5 bp −$17 | 40.4 bp −$404 | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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 ZROUSDshort | −0.0448% | 1h | 1.1827 | −0.046% | $7K | $3K | 5x | |
| Orderly PERP_ZRO_USDC | −0.0061% | 4h | 1.1846 | +0.110% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0002% | 1h | 1.1856 | +0.194% | $21K | $2K | 5x | as long as short |
| Bybit ZROUSDTlong | +0.0040% | 4h | 1.1833 | long leg | $18.1M | $15.7M | 50x | |
| OKX ZRO-USDT-SWAP | +0.0052% | 4h | 1.1841 | +0.068% | $3.2M | $9.0M | 20x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1847 | +0.123% | $4.6M | $1.3M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1857 | +0.203% | $37.6M | $6.9M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1855 | +0.189% | $158K | $161K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1842 | +0.076% | $144K | $193K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1842 | +0.076% | $22.4M | $33.7M | 75x | as long as short |
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
OKX ZRO-USDT-SWAP
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1840 | +0.059% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1841 | +0.068% | $19.1M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1848 | +0.127% | $2.5M | $1.6M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1841 | +0.068% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1841 | +0.068% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1853 | +0.169% | $93K | $201K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1835 | +0.021% | $2.3M | $860K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1850 | +0.144% | $37K | $682K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1851 | +0.152% | $87K | $990K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1842 | +0.077% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0114% | 4h | 1.1847 | +0.118% | $1.1M | $266K | 75x | as long as short |
| Nado ZRO-PERP | +0.0144% | 1h | 1.1842 | +0.080% | $1.3M | $130K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1859 | +0.217% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0316% | 1h | 1.1857 | +0.201% | $251K | $572K | 25x | as long as short |
| Extended ZRO-USD | +0.0968% | 1h | 1.1842 | +0.076% | $784K | $560K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1840 | +0.059% | $12K | $175K | 12x | 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
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP