Funding you earn now, next payment 06:00 UTC−0.0876%/8h= −95.9% APRpaid last 24h −0.161%
Price spread now: MEXC against Extended+0.060%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$903as in the Funding arb table
Net, price: spread back to 7d avg − costs−$880as in the Price arb table
costs, in and out, $10k−$8848.836% of the position
Funding, last 7 days−0.194%−$19 on $10k
+Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.060%, 7d avg +0.027%
=Together, before fees−0.336%+ Points / potential airdropExtended: Active · farm board−$34 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.033% dearer against Extended than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of +0.027%): +$3 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.194% in total) that is about 29 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.194% in total (about -10.1% 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 | 1.1690 | 0.0976 | pay 0.0122% / 1h | 17m 45s | $799K | $625K | 10x |
| Short | MEXC ZRO_USDT | 1.1697 | 0.0100 | get 0.0050% / 4h | 2h 17m | $19.2M | $2.7M | 125x |
Extended ZRO-USD
MEXC ZRO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$183.96
- Price spread: +0.060% → +0.027%
- $3.34
- Slippage, 4 orders
- −$878.56
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$1,064.18
- Costs to cover
- 8.836%
- Break-even
- never at this rate
Slippage from Extended: live order book, 30 min ago; MEXC: live order book, 1 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, 30 min ago | 12.40 bp | 853.7 bp −$854 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.86 bp | 6.3 bp −$6 | 45.1 bp −$451 | 79.8 bp −$7,981 | 205.4 bp −$102.7K |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0009% | 1h | 1.1698 | +0.069% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0068% | 4h | 1.1697 | +0.060% | $20K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1712 | +0.188% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1700 | +0.086% | $37.1M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1703 | +0.115% | $158K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1691 | +0.009% | $137K | $175K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1690 | +0.003% | $21.9M | $29.4M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1692 | +0.017% | $17.9M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1694 | +0.034% | $3.2M | $7.8M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1680 | −0.085% | $1.3M | $1.5M | 75x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDTshort | +0.0100% | 4h | 1.1697 | +0.060% | $19.2M | $2.7M | 125x | |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1691 | +0.009% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1684 | −0.051% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1691 | +0.009% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1700 | +0.086% | $94K | $220K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1633 | −0.483% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1580 | −0.941% | $39K | $676K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1700 | +0.086% | $102K | $815K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1654 | −0.309% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0114% | 4h | 1.1689 | −0.008% | $1.0M | $250K | 75x | as long as short |
| 01 Exchange ZROUSD | +0.0120% | 1h | 1.1698 | +0.069% | $4K | $5K | 5x | as long as short |
| Nado ZRO-PERP | +0.0173% | 1h | 1.1693 | +0.023% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1695 | +0.045% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0703% | 1h | 1.1704 | +0.117% | $254K | $335K | 25x | as long as short |
| Extended ZRO-USDlong | +0.0976% | 1h | 1.1690 | long leg | $799K | $625K | 10x | |
| Injective ZRO/USDC PERP | +0.1343% | 1h | 1.1730 | +0.342% | $12K | $261K | 12x | as long as short |
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
01 Exchange ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP