Funding you earn now, next payment 23:00 UTC+0.0880%/8h= +96.3% APRpaid last 24h +0.089%
Price spread now: Injective against MEXC+0.228%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$890.887% of the position
Funding, last 7 days−0.233%−$23 on $10k
+Price spread, last 3 days (all we have)−1.009%−$101 · spread now +0.228%, 7d avg −0.015%
=Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Injective is 0.243% dearer against MEXC than usual: you sell high and buy low: +$24 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 −0.233%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.233% in total (about -12.2% 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 | MEXC ZRO_USDT | 1.1853 | 0.0100 | pay 0.0050% / 4h | 1h 09m | $19.2M | $3.1M | 125x |
| Short | Injective ZRO/USDC PERP | 1.1880 | 0.0980 | get 0.0122% / 1h | 9m 24s | $12K | $260K | 12x |
MEXC ZRO_USDT
Injective ZRO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against MEXC. 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
- $184.7
- Price spread: +0.228% → −0.015%
- $24.33
- Slippage, 4 orders
- −$88.64
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $120.38
- Costs to cover
- 0.887%
- Break-even
- 2.4 days
Slippage from MEXC: live order book, 4 min ago; Injective: live order book, 10 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 MEXC live order book, 4 min ago | 0.85 bp | 5.7 bp −$6 | 46.6 bp −$466 | 85.5 bp −$8,554 | 393.0 bp −$196.5K |
| Sell Injective live order book, 10 min ago | 33.84 bp | 44.2 bp −$44 | 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 | −0.0448% | 1h | 1.1853 | −0.003% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0024% | 4h | 1.1850 | −0.025% | $21K | $7K | 10x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0059% | 1h | 1.1858 | +0.040% | $254K | $512K | 25x | as long as short |
| BloFin ZRO-USDT | +0.0067% | 4h | 1.1834 | −0.160% | $1.1M | $263K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1851 | −0.014% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1866 | +0.110% | $37.7M | $6.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1858 | +0.042% | $158K | $154K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1851 | −0.018% | $137K | $181K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1852 | −0.011% | $22.2M | $31.6M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1837 | −0.135% | $18.1M | $14.8M | 50x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Kraken Futures PF_ZROUSD
BloFin ZRO-USDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1846 | −0.059% | $3.2M | $8.5M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1850 | −0.025% | $1.4M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDTlong | +0.0100% | 4h | 1.1853 | long leg | $19.2M | $3.1M | 125x | |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1839 | −0.118% | $2.5M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1845 | −0.067% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1841 | −0.101% | — | $10.8M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1854 | +0.008% | $101K | $208K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1828 | −0.208% | $2.3M | $868K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1850 | −0.025% | $37K | $685K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1856 | +0.025% | $89K | $865K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1856 | +0.028% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0164% | 1h | 1.1850 | −0.024% | $21K | $2K | 5x | as long as short |
| Nado ZRO-PERP | +0.0192% | 1h | 1.1851 | −0.015% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1848 | −0.038% | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERPshort | +0.0980% | 1h | 1.1880 | +0.228% | $12K | $260K | 12x | |
| Extended ZRO-USD | +0.2416% | 1h | 1.1849 | −0.036% | $784K | $560K | 10x | as long as short |
OKX ZRO-USDT-SWAP
Gate 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
dYdX ZRO-USD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD