Funding you earn now, next payment 08:00 UTC−0.1189%/8h= −130.2% APRpaid last 24h −0.229%
Price spread now: Orderly against Injective−0.455%58s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and Orderly is 0.455% cheaper against Injective than usual: you would sell low and buy high (−$46 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ZRO/USDC PERP | 1.1860 | 0.1271 | pay 0.0159% / 1h | 1m 42s | $12K | $261K | 12x |
| Short | Orderly PERP_ZRO_USDC | 1.1806 | 0.0082 | get 0.0041% / 4h | 1m 42s | $21K | $4K | 10x |
Injective ZRO/USDC PERP
Orderly PERP_ZRO_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$249.7
- Price spread: −0.455% → 0.000%
- −$45.53
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$301.25
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Injective: live order book, 37 min ago; Orderly: no order-book sample. 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 Injective live order book, 37 min ago | 34.28 bp | 34.3 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0016% | 1h | 1.1793 | −0.567% | $4K | $5K | 5x | as long as short |
| dYdX ZRO-USD | +0.0005% | 1h | 1.1811 | −0.412% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDCshort | +0.0082% | 4h | 1.1806 | −0.455% | $21K | $4K | 10x | |
| BloFin ZRO-USDT | +0.0093% | 4h | 1.1810 | −0.422% | $1.0M | $199K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1824 | −0.306% | $4.4M | $1.2M | 5x | as long as short |
| Nado ZRO-PERP | +0.0100% | 1h | 1.1791 | −0.580% | $1.3M | $128K | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1816 | −0.371% | $37.4M | $5.3M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1809 | −0.427% | $159K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1805 | −0.464% | $139K | $165K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1803 | −0.478% | $22.1M | $28.9M | 75x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
BloFin ZRO-USDT
Lighter ZRO
Nado ZRO-PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZROUSDT | +0.0100% | 4h | 1.1795 | −0.548% | $18.0M | $13.2M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1808 | −0.438% | $3.2M | $7.8M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1790 | −0.590% | $1.3M | $1.4M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1805 | −0.464% | $19.4M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1806 | −0.455% | $2.4M | $2.1M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1800 | −0.506% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1807 | −0.447% | — | $21.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1775 | −0.717% | $2.3M | $760K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1820 | −0.337% | $40K | $668K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1798 | −0.523% | $100K | $811K | 5x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0104% | 1h | 1.1813 | −0.396% | $98K | $218K | 20x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1805 | −0.464% | $21K | — | 3x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0294% / S −0.2341% | 1h | 1.1813 | −0.393% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0426% | 1h | 1.1830 | −0.254% | $265K | $302K | 25x | as long as short |
| Extended ZRO-USD | +0.0440% | 1h | 1.1807 | −0.446% | $807K | $647K | 10x | as long as short |
| Injective ZRO/USDC PERPlong | +0.1271% | 1h | 1.1860 | long leg | $12K | $261K | 12x |
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Backpack ZRO_USDC_PERP
Aevo ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD