Funding you earn now, next payment 01:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.10 per $10,000 · paid last 24h −0.014%
Price spread now: Extended against Injective+0.042%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$814as in the Funding arb table
Net, price: spread back to 7d avg − costs−$843as in the Price arb table
costs, in and out, $10k−$8498.489% of the position
Funding, last 7 days+0.352%+$35 on $10k
+Price spread, last 3 days (all we have)+0.572%+$57 · spread now +0.042%, 7d avg −0.020%
=Together, before fees+0.924%+ Points / potential airdropExtended: Active · farm board+$92 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.062% dearer against Injective than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ZRO/USDC PERP | 1.1820 | 0.1190 | pay 0.0149% / 1h | 16m 34s | $12K | $260K | 12x |
| Short | Extended ZRO-USD | 1.1825 | 0.1272 | get 0.0159% / 1h | 16m 34s | $784K | $589K | 10x |
Injective ZRO/USDC PERP
Extended ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $17.31
- Price spread: +0.042% → −0.020%
- $6.24
- Slippage, 4 orders
- −$843.92
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$825.39
- Costs to cover
- 8.489%
- Break-even
- 340.8 days
Slippage from Injective: live order book, 57 min ago; Extended: live order book, 57 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, 57 min ago | 34.04 bp | 34.1 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 57 min ago | 13.16 bp | 22.9 bp −$23 | doesn't fit | 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 | −0.0096% | 1h | 1.1827 | +0.063% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0012% | 4h | 1.1794 | −0.220% | $21K | $6K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0059% | 4h | 1.1788 | −0.271% | $1.1M | $254K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1826 | +0.052% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1822 | +0.017% | $37.4M | $5.7M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1815 | −0.046% | $158K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1822 | +0.017% | $137K | $168K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1825 | +0.042% | $22.2M | $30.1M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1821 | +0.008% | $18.1M | $14.1M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1827 | +0.059% | $3.2M | $8.0M | 20x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Lighter ZRO
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 | 1.1810 | −0.085% | $1.4M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1824 | +0.034% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1799 | −0.178% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1829 | +0.076% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1822 | +0.017% | — | $14.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1783 | −0.317% | $2.3M | $854K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1800 | −0.169% | $37K | $688K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1807 | −0.110% | $92K | $826K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1792 | −0.238% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0228% | 1h | 1.1800 | −0.172% | $21K | $3K | 5x | as long as short |
| Nado ZRO-PERP | +0.0291% | 1h | 1.1816 | −0.032% | $1.3M | $128K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1798 | −0.188% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0301% | 1h | 1.1809 | −0.090% | $253K | $410K | 25x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0378% | 1h | 1.1808 | −0.102% | $98K | $204K | 20x | as long as short |
| Injective ZRO/USDC PERPlong | +0.1190% | 1h | 1.1820 | long leg | $12K | $260K | 12x | |
| Extended ZRO-USDshort | +0.1272% | 1h | 1.1825 | +0.042% | $784K | $589K | 10x |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
dYdX ZRO-USD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Backpack ZRO_USDC_PERP