Funding you earn now, next payment 23:00 UTC−0.2338%/8h= −256.0% APRnext payment −$2.92 per $10,000 · paid last 24h −0.034%
Price spread now: Nado against Extended−0.081%7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$1,023as in the Price arb table
costs, in and out, $10k−$1,01110.108% of the position
Funding, last 3 days (all we have)−0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.565%+$56 · spread now −0.081%, 7d avg +0.038%
=Together, before fees+0.561%+ Points / potential airdropExtended: Active · Nado: Active · farm board+$56 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$70 a day on $10k at the current rate, and Nado is 0.119% cheaper against Extended than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.038%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.004% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.92 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 | 1.1829 | 0.2504 | pay 0.0313% / 1h | 35m 12s | $784K | $541K | 10x |
| Short | Nado ZRO-PERP | 1.1820 | 0.0166 | get 0.0021% / 1h | 35m 12s | $1.3M | $124K | 5x |
Extended ZRO-USD
Nado ZRO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$490.99
- Price spread: −0.081% → +0.038%
- −$11.91
- Slippage, 4 orders
- −$998.82
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$1,513.72
- Costs to cover
- 10.108%
- Break-even
- never at this rate
Slippage from Extended: live order book, 48 min ago; Nado: live order book, 3 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, 48 min ago | 12.59 bp | 959.9 bp −$960 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 3 min ago | 2.11 bp | 10.0 bp −$10 | 28.5 bp −$285 | 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 | −0.0536% | 1h | 1.1816 | −0.112% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0046% | 4h | 1.1831 | +0.013% | $21K | $7K | 10x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0059% | 1h | 1.1840 | +0.093% | $251K | $517K | 25x | as long as short |
| BloFin ZRO-USDT | +0.0089% | 4h | 1.1802 | −0.232% | $1.1M | $262K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1827 | −0.017% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1844 | +0.123% | $37.6M | $6.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1834 | +0.042% | $158K | $154K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1821 | −0.068% | $138K | $182K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1829 | −0.002% | $22.2M | $31.7M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1818 | −0.097% | $18.1M | $14.9M | 50x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Kraken Futures PF_ZROUSD
BloFin ZRO-USDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1829 | −0.004% | $3.2M | $8.5M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1830 | +0.004% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1831 | +0.013% | $19.1M | $3.1M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1833 | +0.030% | $2.9M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1830 | +0.004% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1823 | −0.055% | — | $10.8M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1834 | +0.038% | $100K | $208K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1815 | −0.121% | $2.3M | $859K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1850 | +0.173% | $37K | $681K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1838 | +0.072% | $89K | $904K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1825 | −0.038% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0135% | 1h | 1.1831 | +0.012% | $21K | $2K | 5x | as long as short |
| Nado ZRO-PERPshort | +0.0166% | 1h | 1.1820 | −0.081% | $1.3M | $124K | 5x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1832 | +0.021% | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERP | +0.0980% | 1h | 1.1870 | +0.342% | $12K | $218K | 12x | as long as short |
| Extended ZRO-USDlong | +0.2504% | 1h | 1.1829 | long leg | $784K | $541K | 10x |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
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
dYdX ZRO-USD
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP