Funding you earn now, next payment 22:00 UTC−0.0572%/8h= −62.6% APRpaid last 24h −0.028%
Price spread now: Variational Omni against Extended+0.244%7-day average −0.015% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)−0.746%−$75 · spread now +0.244%, 7d avg −0.015%
=Together, before fees−0.779%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$78 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.259% dearer against Extended than usual: you sell high and buy low (spread +0.244% now, against its 7-day average of −0.015%): +$26 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 36 hours. At the pace of the last 3 days (−0.033% in total) that is about 25 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.033% in total (about -3.8% 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 | 1.1737 | 0.0672 | pay 0.0084% / 1h | 51m 16s | $780K | $560K | 10x |
| Short | Variational Omni ZRO | 1.1766 | 0.0100 | get 0.0050% / 4h | 2h 51m | $2.2M | $893K | — |
Extended ZRO-USD
Variational Omni ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$120.12
- Price spread: +0.244% → −0.015%
- $25.9
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$99.22
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Extended: live order book, 36 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.
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 | 294.54 bp | 1754.5 bp −$1,755 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 3.15 bp | doesn't fit | 39.0 bp −$390 | 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 | −0.0168% | 1h | 1.1711 | −0.221% | $7K | $3K | 5x | as long as short |
| Bybit ZROUSDT | −0.0067% | 4h | 1.1725 | −0.104% | $18.0M | $16.3M | 50x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0039% | 4h | 1.1745 | +0.066% | $21K | $7K | 10x | as long as short |
| OKX ZRO-USDT-SWAP | −0.0010% | 4h | 1.1737 | −0.002% | $3.2M | $9.2M | 20x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1749 | +0.098% | $21K | $2K | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1754 | +0.143% | $37.3M | $7.1M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1747 | +0.079% | $157K | $163K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1735 | −0.019% | $143K | $201K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1736 | −0.011% | $22.2M | $34.4M | 75x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1720 | −0.147% | $1.3M | $2.0M | 75x | as long as short |
01 Exchange ZROUSD
Bybit ZROUSDT
Orderly PERP_ZRO_USDC
OKX ZRO-USDT-SWAP
dYdX ZRO-USD
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Gate ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1736 | −0.011% | $18.9M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1739 | +0.015% | $2.6M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1733 | −0.036% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1735 | −0.019% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1747 | +0.083% | $92K | $209K | 20x | as long as short |
| Variational Omni ZROshort | +0.0100% | 4h | 1.1766 | +0.244% | $2.2M | $893K | — | |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1770 | +0.279% | $37K | $680K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1743 | +0.049% | $86K | $1.0M | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1756 | +0.162% | $21K | — | 3x | as long as short |
| Lighter ZRO | +0.0144% | 1h | 1.1751 | +0.117% | $4.6M | $1.2M | 5x | as long as short |
| BloFin ZRO-USDT | +0.0157% | 4h | 1.1738 | +0.006% | $1.1M | $264K | 75x | as long as short |
| Nado ZRO-PERP | +0.0251% | 1h | 1.1727 | −0.089% | $1.3M | $131K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1751 | +0.113% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0319% | 1h | 1.1751 | +0.115% | $249K | $574K | 25x | as long as short |
| Extended ZRO-USDlong | +0.0672% | 1h | 1.1737 | long leg | $780K | $560K | 10x | |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1790 | +0.449% | $12K | $145K | 12x | as long as short |
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Lighter ZRO
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP