Funding you earn now, next payment 02:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.027%
Price spread now: BingX against Nado−0.105%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$400.395% of the position
Funding, last 3 days (all we have)−0.057%−$6 on $10k
+Price spread, last 7 days−0.132%−$13 · spread now −0.105%, 7d avg −0.009%
=Together, before fees−0.189%+ Points / potential airdropNado: Active · farm board−$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BingX is 0.095% cheaper against Nado than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado ZRO-PERP | 1.1774 | 0.0195 | pay 0.0024% / 1h | 27m 26s | $1.3M | $125K | 5x |
| Short | BingX ZRO-USDT | 1.1762 | 0.0100 | get 0.0050% / 4h | 2h 27m | — | $16.5M | — |
Nado ZRO-PERP
BingX ZRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Nado. 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
- −$19.97
- Price spread: −0.105% → −0.009%
- −$9.52
- Slippage, 4 orders
- −$22.51
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$68.99
- Costs to cover
- 0.395%
- Break-even
- never at this rate
Slippage from Nado: live order book, 1 min ago; BingX: live order book, 6 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 Nado live order book, 1 min ago | 2.12 bp | 9.3 bp −$9 | 43.3 bp −$433 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 2.99 bp | 10.5 bp −$10 | 16.7 bp −$167 | 35.2 bp −$3,518 | 50.7 bp −$25.3K |
ZRO on 25 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 | −0.0240% | 1h | 1.1769 | −0.045% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1765 | −0.075% | $21K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0028% | 4h | 1.1759 | −0.130% | $21K | $5K | 10x | as long as short |
| Gate ZRO_USDT | +0.0028% | 4h | 1.1750 | −0.206% | $1.3M | $1.5M | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1776 | +0.010% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1785 | +0.091% | $37.3M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1771 | −0.028% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1761 | −0.112% | $136K | $167K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1767 | −0.063% | $22.0M | $29.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1756 | −0.156% | $18.1M | $14.0M | 50x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Gate ZRO_USDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1772 | −0.020% | $3.2M | $8.0M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1770 | −0.037% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1769 | −0.045% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1770 | −0.037% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDTshort | +0.0100% | 4h | 1.1762 | −0.105% | — | $16.5M | — | |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1763 | −0.096% | $96K | $211K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1716 | −0.494% | $2.3M | $827K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1740 | −0.291% | $39K | $682K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1778 | +0.031% | $92K | $841K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1736 | −0.325% | $21K | — | 3x | as long as short |
| Nado ZRO-PERPlong | +0.0195% | 1h | 1.1774 | long leg | $1.3M | $125K | 5x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1759 | −0.130% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0369% | 1h | 1.1771 | −0.031% | $252K | $407K | 25x | as long as short |
| Extended ZRO-USD | +0.0848% | 1h | 1.1764 | −0.085% | $784K | $592K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1213% | 1h | 1.1790 | +0.133% | $12K | $260K | 12x | as long as short |
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP