ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0204%/8h= +22.3% APRnext payment +$0.25 per $10,000 · paid last 24h +0.047%

Price spread now: Nado against dYdX−0.172%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Nado

What this pair did over the last

the charts below follow

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—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.172% cheaper against dYdX than usual: you would sell low and buy high (spread −0.172% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 2.8 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ZRO-USD	1.1747	0	get 0.0000% / 1h	23m 50s	$21K	$3K	5x
Short	Nado ZRO-PERP	1.1727	0.0204	get 0.0025% / 1h	23m 50s	$1.3M	$124K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against dYdX. 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 dYdXbpFee NadobpOrdersPrice spread, now −0.172%Rate

Funding earned: $42.81
Price spread: −0.172% → 0.000%: −$17.16
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $8.65
Costs to cover: 0.170%
Break-even: 5.6 days

Slippage unknown: dYdX: no order-book sample; Nado: live order book, 5 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 Nado live order book, 5 min ago	2.12 bp	11.7 bp −$12	29.8 bp −$298	doesn't fit	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 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	−0.0240%	1h	1.1719	−0.240%	$7K	$3K	5x	as long as short
dYdX ZRO-USDlong	0.0000%	1h	1.1747	long leg	$21K	$3K	5x
Bybit ZROUSDT	+0.0011%	4h	1.1735	−0.105%	$18.0M	$13.9M	50x	as long as short
Orderly PERP_ZRO_USDC	+0.0026%	4h	1.1731	−0.139%	$21K	$5K	10x	as long as short
Gate ZRO_USDT	+0.0028%	4h	1.1720	−0.233%	$1.3M	$1.5M	75x	as long as short
Lighter ZRO	+0.0096%	1h	1.1752	+0.038%	$4.4M	$1.2M	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1756	+0.073%	$37.2M	$5.5M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1746	−0.012%	$158K	$150K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1741	−0.058%	$136K	$167K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1748	+0.005%	$22.0M	$29.8M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1754	+0.056%	$3.2M	$8.0M	20x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1744	−0.029%	$19.1M	$2.7M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1744	−0.029%	$2.3M	$1.9M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1743	−0.037%	$2.7M	$2.4M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1743	−0.037%	—	$16.5M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1744	−0.029%	$97K	$212K	20x	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1736	−0.101%	$2.3M	$817K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1740	−0.063%	$39K	$682K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1736	−0.097%	$92K	$839K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1725	−0.191%	$21K	—	3x	as long as short
Nado ZRO-PERPshort	+0.0204%	1h	1.1727	−0.172%	$1.3M	$124K	5x
GMX ZRO/USD [ETH-USDC]	L +0.0292% / S −0.2341%	1h	1.1732	−0.127%	$3K	—	100x	as long as short
Kraken Futures PF_ZROUSD	+0.0370%	1h	1.1747	−0.002%	$252K	$403K	25x	as long as short
Extended ZRO-USD	+0.0840%	1h	1.1739	−0.076%	$788K	$592K	10x	as long as short
Injective ZRO/USDC PERP	+0.1213%	1h	1.1790	+0.363%	$12K	$260K	12x	as long as short