Funding you earn now, next payment 22:00 UTC−0.1122%/8h= −122.9% APRpaid last 24h −0.049%
Price spread now: BloFin against Injective+0.059%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1121.119% of the position
Funding, last 7 days+0.269%+$27 on $10k
+Price spread, last 3 days (all we have)+0.490%+$49 · spread now +0.059%, 7d avg +0.009%
=The price spread pays, funding is against you. BloFin is 0.050% dearer against Injective than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of +0.009%): +$5 on $10k if it goes back. Holding the pair costs −$34 a day in funding at the current rate, which eats that in about 4 hours. Mind the row above: over the last 7 days funding on this pair paid +0.269%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.269% in total (about 14.0% 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 | Injective ZRO/USDC PERP | 1.1840 | 0.1237 | pay 0.0155% / 1h | 30m 45s | $12K | $175K | 12x |
| Short | BloFin ZRO-USDT | 1.1847 | 0.0114 | get 0.0057% / 4h | 2h 30m | $1.1M | $266K | 75x |
Injective ZRO/USDC PERP
BloFin ZRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Injective. 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
- −$235.71
- Price spread: +0.059% → +0.009%
- $4.96
- Slippage, 4 orders
- −$99.89
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$342.66
- Costs to cover
- 1.119%
- Break-even
- never at this rate
Slippage from Injective: live order book, 58 min ago; BloFin: 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 Injective live order book, 58 min ago | 33.90 bp | 33.9 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 0.85 bp | 22.8 bp −$23 | 42.6 bp −$426 | 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 | −0.0440% | 1h | 1.1830 | −0.086% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0061% | 4h | 1.1847 | +0.059% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0002% | 1h | 1.1856 | +0.134% | $21K | $2K | 5x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0051% | 4h | 1.1844 | +0.034% | $3.2M | $9.1M | 20x | as long as short |
| Bybit ZROUSDT | +0.0081% | 4h | 1.1836 | −0.034% | $18.1M | $15.8M | 50x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1849 | +0.073% | $4.6M | $1.3M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1863 | +0.196% | $37.7M | $6.9M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1858 | +0.153% | $158K | $161K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1849 | +0.074% | $144K | $195K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1844 | +0.033% | $22.4M | $33.7M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
OKX ZRO-USDT-SWAP
Bybit ZROUSDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1840 | 0.000% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1844 | +0.034% | $19.1M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1850 | +0.084% | $2.5M | $1.6M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1848 | +0.068% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1843 | +0.025% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1856 | +0.135% | $93K | $203K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1797 | −0.367% | $2.3M | $864K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1850 | +0.084% | $37K | $682K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1852 | +0.101% | $87K | $990K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1845 | +0.042% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDTshort | +0.0114% | 4h | 1.1847 | +0.059% | $1.1M | $266K | 75x | |
| Nado ZRO-PERP | +0.0142% | 1h | 1.1845 | +0.041% | $1.3M | $130K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1861 | +0.175% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0316% | 1h | 1.1860 | +0.169% | $251K | $577K | 25x | as long as short |
| Extended ZRO-USD | +0.0904% | 1h | 1.1842 | +0.017% | $784K | $560K | 10x | as long as short |
| Injective ZRO/USDC PERPlong | +0.1237% | 1h | 1.1840 | long leg | $12K | $175K | 12x |
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
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD