Funding you earn now, next payment 11:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.019%
Price spread now: Binance against dYdX+0.100%109s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 6 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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.100% dearer against dYdX than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 109 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 | dYdX ZRO-USD | 1.1827 | 0 | get 0.0000% / 1h | 57m 51s | $21K | $5K | 5x |
| Short | Binance ZROUSDT | 1.1839 | 0.0100 | get 0.0050% / 4h | 1h 57m | $22.1M | $26.8M | 75x |
dYdX ZRO-USD
Binance ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against dYdX. 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
- $21
- Price spread: +0.100% → 0.000%
- $10.01
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $11.01
- Costs to cover
- 0.200%
- Break-even
- 3.3 days
Slippage unknown: dYdX: no order-book sample; Binance: live order book, 7 min ago. 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 dYdX no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 7 min ago | 0.42 bp | 12.4 bp −$12 | 26.5 bp −$265 | 196.6 bp −$19.7K | doesn't fit |
dYdX: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ZRO/USDC PERP | −0.0774% | 1h | 1.1760 | −0.568% | $12K | $257K | 12x | as long as short |
| Kraken Futures PF_ZROUSD | −0.0529% | 1h | 1.1839 | +0.096% | $269K | $211K | 25x | as long as short |
| 01 Exchange ZROUSD | −0.0072% | 1h | 1.1839 | +0.098% | $4K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0020% | 4h | 1.1836 | +0.075% | $20K | $2K | 10x | as long as short |
| Bybit ZROUSDT | −0.0018% | 4h | 1.1826 | −0.010% | $18.1M | $11.7M | 50x | as long as short |
| dYdX ZRO-USDlong | 0.0000% | 1h | 1.1827 | long leg | $21K | $5K | 5x | |
| OKX ZRO-USDT-SWAP | +0.0014% | 4h | 1.1838 | +0.092% | $3.2M | $7.5M | 20x | as long as short |
| BloFin ZRO-USDT | +0.0072% | 4h | 1.1826 | −0.010% | $1.0M | $143K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1853 | +0.219% | $4.4M | $1.1M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1852 | +0.210% | $37.5M | $5.0M | 5x | as long as short |
Injective ZRO/USDC PERP
Kraken Futures PF_ZROUSD
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
BloFin ZRO-USDT
Lighter ZRO
Hyperliquid ZROShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZROUSDT | +0.0100% | 4h | 1.1844 | +0.142% | $160K | $124K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1833 | +0.051% | $137K | $143K | 5x | as long as short |
| Binance ZROUSDTshort | +0.0100% | 4h | 1.1839 | +0.100% | $22.1M | $26.8M | 75x | |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1830 | +0.024% | $1.4M | $1.1M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1840 | +0.109% | $9.5M | $2.4M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1842 | +0.125% | $2.3M | $2.3M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1840 | +0.109% | $2.8M | $2.3M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1832 | +0.041% | — | $25.2M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1803 | −0.207% | $2.3M | $733K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1810 | −0.145% | $40K | $669K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1834 | +0.058% | $101K | $728K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1837 | +0.087% | $21K | — | 3x | as long as short |
| Extended ZRO-USD | +0.0288% | 1h | 1.1836 | +0.077% | $807K | $650K | 10x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1833 | +0.047% | $3K | — | 100x | as long as short |
| Nado ZRO-PERP | +0.0345% | 1h | 1.1836 | +0.076% | $1.3M | $121K | 5x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0723% | 1h | 1.1846 | +0.159% | $94K | $215K | 20x | as long as short |
Aster ZROUSDT
Pacifica ZRO
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Extended ZRO-USD
GMX ZRO/USD [ETH-USDC]
Nado ZRO-PERP
Backpack ZRO_USDC_PERP