Funding you earn now, next payment 01:00 UTC−0.0066%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h +0.014%
Price spread now: Injective against Extended−0.228%100s7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$884as 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−$8498.489% of the position
Funding, last 7 days−0.352%−$35 on $10k
+Price spread, last 3 days (all we have)−0.386%−$39 · spread now −0.228%, 7d avg +0.020%
=Together, before fees−0.738%+ Points / potential airdropExtended: Active · farm board−$74 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.248% cheaper against Extended than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.020%). Swap the legs. The two prices were read 100 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 | Extended ZRO-USD | 1.1847 | 0.1256 | pay 0.0157% / 1h | 15m 42s | $788K | $589K | 10x |
| Short | Injective ZRO/USDC PERP | 1.1820 | 0.1190 | get 0.0149% / 1h | 15m 42s | $12K | $260K | 12x |
Extended ZRO-USD
Injective ZRO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$13.95
- Price spread: −0.228% → +0.020%
- −$24.84
- Slippage, 4 orders
- −$843.92
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$887.73
- Costs to cover
- 8.489%
- Break-even
- never at this rate
Slippage from Extended: live order book, 57 min ago; Injective: live order book, 58 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, 57 min ago | 13.16 bp | 747.4 bp −$747 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 58 min ago | 34.04 bp | 44.6 bp −$45 | doesn't fit | 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 | −0.0096% | 1h | 1.1827 | −0.165% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0012% | 4h | 1.1830 | −0.144% | $21K | $6K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0059% | 4h | 1.1788 | −0.498% | $1.1M | $254K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1857 | +0.087% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1858 | +0.092% | $37.5M | $5.7M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1842 | −0.046% | $158K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1849 | +0.016% | $137K | $168K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1849 | +0.019% | $22.3M | $30.1M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1850 | +0.025% | $18.1M | $14.1M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1847 | 0.000% | $3.2M | $8.0M | 20x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
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 | 1.1840 | −0.059% | $1.4M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1848 | +0.008% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1848 | +0.008% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1849 | +0.016% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1848 | +0.008% | — | $14.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1818 | −0.244% | $2.3M | $853K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1800 | −0.397% | $37K | $688K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1834 | −0.110% | $92K | $826K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1832 | −0.127% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0223% | 1h | 1.1846 | −0.008% | $21K | $3K | 5x | as long as short |
| Nado ZRO-PERP | +0.0291% | 1h | 1.1816 | −0.260% | $1.3M | $128K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1832 | −0.124% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0300% | 1h | 1.1846 | −0.009% | $254K | $410K | 25x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0385% | 1h | 1.1843 | −0.034% | $99K | $204K | 20x | as long as short |
| Injective ZRO/USDC PERPshort | +0.1190% | 1h | 1.1820 | −0.228% | $12K | $260K | 12x | |
| Extended ZRO-USDlong | +0.1256% | 1h | 1.1847 | long leg | $788K | $589K | 10x |
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
dYdX ZRO-USD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Backpack ZRO_USDC_PERP