Funding you earn now, next payment 02:00 UTC−0.0828%/8h= −90.7% APRpaid last 24h −0.114%
Price spread now: Gate against Extended−0.009%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$780as in the Funding arb table
Net, price: spread back to 7d avg − costs−$769as in the Price arb table
costs, in and out, $10k−$7657.652% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.009%, 7d avg +0.035%
=Together, before fees−0.112%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Gate is 0.043% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.035%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.144% in total (about -7.5% a year). A funding rate is set anew for every payment. 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 | 1.1741 | 0.0872 | pay 0.0109% / 1h | 32m 11s | $784K | $592K | 10x |
| Short | Gate ZRO_USDT | 1.1740 | 0.0044 | get 0.0022% / 4h | 2h 32m | $1.3M | $1.5M | 75x |
Extended ZRO-USD
Gate ZRO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$173.88
- Price spread: −0.009% → +0.035%
- −$4.31
- Slippage, 4 orders
- −$745.15
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$943.34
- Costs to cover
- 7.652%
- Break-even
- never at this rate
Slippage from Extended: live order book, 36 min ago; Gate: live order book, 5 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, 36 min ago | 11.35 bp | 685.8 bp −$686 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 4.29 bp | 26.9 bp −$27 | 80.2 bp −$802 | doesn't fit | doesn't fit |
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 | −0.0256% | 1h | 1.1740 | −0.009% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1732 | −0.076% | $21K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0026% | 4h | 1.1740 | −0.009% | $21K | $6K | 10x | as long as short |
| Gate ZRO_USDTshort | +0.0044% | 4h | 1.1740 | −0.009% | $1.3M | $1.5M | 75x | |
| Lighter ZRO | +0.0096% | 1h | 1.1754 | +0.108% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1744 | +0.026% | $37.2M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1757 | +0.133% | $157K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1732 | −0.077% | $136K | $168K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1740 | −0.004% | $22.0M | $30.0M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1724 | −0.145% | $18.0M | $14.0M | 50x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1727 | −0.119% | $3.2M | $8.0M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1733 | −0.068% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1740 | −0.009% | $2.3M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1737 | −0.034% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1737 | −0.034% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1740 | −0.009% | $96K | $215K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1697 | −0.373% | $2.3M | $837K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1710 | −0.264% | $39K | $682K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1746 | +0.043% | $92K | $841K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1734 | −0.057% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0191% | 1h | 1.1744 | +0.024% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1743 | +0.017% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0370% | 1h | 1.1747 | +0.049% | $252K | $407K | 25x | as long as short |
| Extended ZRO-USDlong | +0.0872% | 1h | 1.1741 | long leg | $784K | $592K | 10x | |
| Injective ZRO/USDC PERP | +0.1213% | 1h | 1.1770 | +0.247% | $12K | $260K | 12x | as long as short |
OKX ZRO-USDT-SWAP
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
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP