Funding you earn now, next payment 00:00 UTC−0.1740%/8h= −190.5% APRnext payment −$2.18 per $10,000 · paid last 24h −0.081%
Price spread now: ApeX Omni against Extended−0.195%92s7-day average +0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$826as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$8178.166% of the position
Funding, last 7 days−0.089%−$9 on $10k
+Price spread, last 3 days (all we have)+0.374%+$37 · spread now −0.195%, 7d avg +0.054%
=Together, before fees+0.285%+ Points / potential airdropExtended: Active · farm board+$28 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$52 a day on $10k at the current rate, and ApeX Omni is 0.250% cheaper against Extended than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.054%). Swap the legs. The two prices were read 92 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 7 days it paid -0.089% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.18 per $10,000. 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 | Extended ZRO-USD | 1.1773 | 0.1840 | pay 0.0230% / 1h | 1m 48s | $784K | $589K | 10x |
| Short | ApeX Omni ZROUSDT | 1.1750 | 0.0100 | get 0.0013% / 1h | 1m 48s | $37K | $687K | 50x |
Extended ZRO-USD
ApeX Omni ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Extended. 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
- −$365.4
- Price spread: −0.195% → +0.054%
- −$24.95
- Slippage, 4 orders
- −$801.62
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$1,206.97
- Costs to cover
- 8.166%
- Break-even
- never at this rate
Slippage from Extended: live order book, 11 min ago; ApeX Omni: live order book, 12 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 Extended live order book, 11 min ago | 13.16 bp | 747.4 bp −$747 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 12 min ago | 12.78 bp | 21.7 bp −$22 | 119.4 bp −$1,194 | 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 | −0.0248% | 1h | 1.1758 | −0.127% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0012% | 4h | 1.1771 | −0.017% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0088% | 1h | 1.1783 | +0.088% | $21K | $3K | 5x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1779 | +0.050% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1782 | +0.076% | $37.3M | $6.1M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1782 | +0.080% | $157K | $153K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1772 | −0.008% | $136K | $173K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1770 | −0.025% | $22.1M | $30.7M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1769 | −0.034% | $18.0M | $14.4M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1774 | +0.008% | $3.2M | $8.1M | 20x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1770 | −0.025% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1773 | 0.000% | $19.1M | $2.8M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1766 | −0.059% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1772 | −0.008% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1770 | −0.025% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1779 | +0.051% | $98K | $204K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1735 | −0.323% | $2.3M | $879K | — | as long as short |
| ApeX Omni ZROUSDTshort | +0.0100% | 1h | 1.1750 | −0.195% | $37K | $687K | 50x | |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1770 | −0.025% | $94K | $823K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0102% | 4h | 1.1784 | +0.093% | $1.1M | $257K | 75x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1765 | −0.069% | $21K | — | 3x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0133% | 1h | 1.1781 | +0.070% | $253K | $419K | 25x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1771 | −0.020% | $3K | — | 100x | as long as short |
| Nado ZRO-PERP | +0.0292% | 1h | 1.1770 | −0.029% | $1.3M | $123K | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.1159% | 1h | 1.1790 | +0.144% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USDlong | +0.1840% | 1h | 1.1773 | long leg | $784K | $589K | 10x |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
Polymarket Perps ZRO-USD
BloFin ZRO-USDT
Aevo ZRO-PERP
Kraken Futures PF_ZROUSD
GMX ZRO/USD [ETH-USDC]
Nado ZRO-PERP
Injective ZRO/USDC PERP