Funding you earn now, next payment 23:00 UTC−0.2292%/8h= −251.0% APRnext payment −$2.86 per $10,000 · paid last 24h −0.055%
Price spread now: Polymarket Perps against Extended+0.080%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,022as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,005as in the Price arb table
costs, in and out, $10k−$1,00310.032% of the position
Funding, last 7 days−0.192%−$19 on $10k
+Price spread, last 3 days (all we have)+0.200%+$20 · spread now +0.080%, 7d avg +0.094%
=Together, before fees+0.008%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.094%, so right now this pair is about funding alone: −$69 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.192% in total (about -10.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.86 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 | 1.1826 | 0.2392 | pay 0.0299% / 1h | 42m 47s | $784K | $541K | 10x |
| Short | Polymarket Perps ZRO-USD | 1.1835 | 0.0100 | get 0.0013% / 1h | 42m 47s | $89K | $906K | 5x |
Extended ZRO-USD
Polymarket Perps ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$481.32
- Price spread: +0.080% → +0.094%
- −$1.38
- Slippage, 4 orders
- −$990.18
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$1,485.88
- Costs to cover
- 10.032%
- Break-even
- never at this rate
Slippage from Extended: live order book, 40 min ago; Polymarket Perps: live order book, just now.
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, 40 min ago | 12.59 bp | 959.9 bp −$960 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, just now | 2.96 bp | 7.1 bp −$7 | 10.3 bp −$103 | 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 | −0.0632% | 1h | 1.1813 | −0.107% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0056% | 4h | 1.1823 | −0.021% | $21K | $7K | 10x | as long as short |
| Lighter ZRO | +0.0008% | 1h | 1.1829 | +0.030% | $4.4M | $1.5M | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0059% | 1h | 1.1832 | +0.054% | $251K | $562K | 25x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1846 | +0.173% | $37.6M | $6.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1834 | +0.069% | $158K | $154K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1828 | +0.021% | $138K | $184K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1826 | +0.004% | $22.2M | $31.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1817 | −0.072% | $18.1M | $14.9M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1828 | +0.021% | $3.2M | $8.5M | 20x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Lighter ZRO
Kraken Futures PF_ZROUSD
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 | 1.1830 | +0.038% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1829 | +0.030% | $19.1M | $3.1M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1833 | +0.063% | $2.9M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1825 | −0.004% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1823 | −0.021% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1828 | +0.021% | $95K | $204K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1779 | −0.394% | $2.3M | $859K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1810 | −0.131% | $37K | $681K | 50x | as long as short |
| Polymarket Perps ZRO-USDshort | +0.0100% | 1h | 1.1835 | +0.080% | $89K | $906K | 5x | |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1815 | −0.089% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0111% | 1h | 1.1831 | +0.043% | $21K | $2K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0139% | 4h | 1.1816 | −0.080% | $1.1M | $263K | 75x | as long as short |
| Nado ZRO-PERP | +0.0149% | 1h | 1.1827 | +0.016% | $1.3M | $125K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0295% / S −0.2416% | 1h | 1.1830 | +0.039% | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERP | +0.0980% | 1h | 1.1860 | +0.292% | $12K | $218K | 12x | as long as short |
| Extended ZRO-USDlong | +0.2392% | 1h | 1.1826 | long leg | $784K | $541K | 10x |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Aevo ZRO-PERP
dYdX ZRO-USD
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP