Funding you earn now, next payment 04:00 UTC+0.0074%/8h= +8.1% APRnext payment +$0.37 per $10,000 · paid last 24h −0.039%
Price spread now: OKX against Gate+0.172%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$870.871% of the position
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 7 days−0.178%−$18 · spread now +0.172%, 7d avg −0.015%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and OKX is 0.187% dearer against Gate than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.015%. Mind the row above: over the last 7 days funding on this pair cost −0.063%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ZRO_USDT | 1.1650 | 0.0026 | pay 0.0013% / 4h | 2h 05m | $1.3M | $1.5M | 75x |
| Short | OKX ZRO-USDT-SWAP | 1.1670 | 0.0100 | get 0.0050% / 4h | 2h 05m | $3.2M | $7.9M | 20x |
Gate ZRO_USDT
OKX ZRO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- $15.54
- Price spread: +0.172% → −0.015%
- $18.7
- Slippage, 4 orders
- −$62.11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$52.88
- Costs to cover
- 0.871%
- Break-even
- 30.8 days
Slippage from Gate: live order book, 2 min ago; OKX: live order book, 2 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 Gate live order book, 2 min ago | 4.29 bp | 30.1 bp −$30 | 76.8 bp −$768 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.57 bp | 13.0 bp −$13 | 68.8 bp −$688 | doesn't fit | doesn't fit |
ZRO on 25 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 | −0.0216% | 1h | 1.1653 | +0.022% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | +0.0003% | 1h | 1.1648 | −0.020% | $21K | $3K | 5x | as long as short |
| Bybit ZROUSDT | +0.0014% | 4h | 1.1658 | +0.069% | $17.9M | $13.9M | 50x | as long as short |
| Gate ZRO_USDTlong | +0.0026% | 4h | 1.1650 | long leg | $1.3M | $1.5M | 75x | |
| Orderly PERP_ZRO_USDC | +0.0032% | 4h | 1.1653 | +0.026% | $20K | $5K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1666 | +0.141% | $4.3M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1686 | +0.309% | $37.0M | $5.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1655 | +0.045% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1652 | +0.021% | $135K | $167K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1659 | +0.077% | $21.8M | $29.7M | 75x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Bybit ZROUSDT
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAPshort | +0.0100% | 4h | 1.1670 | +0.172% | $3.2M | $7.9M | 20x | |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1654 | +0.034% | $19.0M | $2.8M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1648 | −0.017% | $2.3M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1660 | +0.086% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1654 | +0.034% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1650 | 0.000% | $97K | $210K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1639 | −0.090% | $2.3M | $814K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1680 | +0.258% | $39K | $674K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1676 | +0.223% | $91K | $836K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1646 | −0.038% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0233% | 1h | 1.1670 | +0.176% | $1.3M | $123K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1652 | +0.015% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0373% | 1h | 1.1666 | +0.139% | $250K | $399K | 25x | as long as short |
| Extended ZRO-USD | +0.1008% | 1h | 1.1653 | +0.021% | $780K | $590K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1213% | 1h | 1.1720 | +0.601% | $12K | $260K | 12x | as long as short |
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
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP