Funding you earn now, next payment 06:00 UTC−0.1158%/8h= −126.8% APRnext payment −$1.45 per $10,000 · paid last 24h −0.117%
Price spread now: Nado against Injective+0.239%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$1011.013% of the position
Funding, last 3 days (all we have)+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.451%+$45 · spread now +0.239%, 7d avg +0.001%
=Together, before fees+0.453%+ Points / potential airdropNado: Active · farm board+$45 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.237% dearer against Injective than usual: you sell high and buy low (spread +0.239% now, against its 7-day average of +0.001%): +$24 on $10k if it goes back. Holding the pair costs −$35 a day in funding at the current rate, which eats that in about 16 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.001% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.45 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 | Injective ZRO/USDC PERP | 1.1630 | 0.1343 | pay 0.0168% / 1h | 20m 34s | $12K | $261K | 12x |
| Short | Nado ZRO-PERP | 1.1658 | 0.0186 | get 0.0023% / 1h | 20m 34s | $1.3M | $126K | 5x |
Injective ZRO/USDC PERP
Nado ZRO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$243.14
- Price spread: +0.239% → +0.001%
- $23.74
- Slippage, 4 orders
- −$94.32
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$320.74
- Costs to cover
- 1.013%
- Break-even
- never at this rate
Slippage from Injective: live order book, 28 min ago; Nado: live order book, 3 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, 28 min ago | 21.40 bp | 21.4 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 3 min ago | 1.29 bp | 13.4 bp −$13 | 31.0 bp −$310 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0009% | 1h | 1.1678 | +0.416% | $21K | $5K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0044% | 4h | 1.1640 | +0.086% | $1.0M | $249K | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0068% | 4h | 1.1647 | +0.146% | $20K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1706 | +0.653% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1691 | +0.525% | $37.1M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1677 | +0.404% | $157K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1678 | +0.410% | $137K | $176K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1675 | +0.388% | $21.8M | $29.4M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1676 | +0.396% | $17.9M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1673 | +0.370% | $3.2M | $7.8M | 20x | as long as short |
dYdX ZRO-USD
BloFin ZRO-USDT
Orderly PERP_ZRO_USDC
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 | 1.1670 | +0.344% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1679 | +0.421% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1672 | +0.361% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1672 | +0.361% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1677 | +0.404% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1650 | +0.172% | $94K | $221K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1633 | +0.030% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1580 | −0.430% | $39K | $676K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1660 | +0.258% | $102K | $815K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1641 | +0.099% | $21K | — | 3x | as long as short |
| 01 Exchange ZROUSD | +0.0112% | 1h | 1.1680 | +0.433% | $4K | $5K | 5x | as long as short |
| Nado ZRO-PERPshort | +0.0186% | 1h | 1.1658 | +0.239% | $1.3M | $126K | 5x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1642 | +0.099% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0706% | 1h | 1.1651 | +0.177% | $252K | $335K | 25x | as long as short |
| Extended ZRO-USD | +0.0992% | 1h | 1.1679 | +0.417% | $799K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERPlong | +0.1343% | 1h | 1.1630 | long leg | $12K | $261K | 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
01 Exchange ZROUSD
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD