Funding you earn now, next payment 06:00 UTC−0.0077%/8h= −8.5% APRpaid last 24h −0.028%
Price spread now: BloFin against Nado−0.144%7-day average −0.018% · 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−$69as in the Price arb table
costs, in and out, $10k−$560.562% of the position
Funding, last 3 days (all we have)−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.144%, 7d avg −0.018%
=Together, before fees−0.049%+ Points / potential airdropNado: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.125% cheaper against Nado than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.018%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado ZRO-PERP | 1.1695 | 0.0168 | pay 0.0021% / 1h | 15m 34s | $1.3M | $126K | 5x |
| Short | BloFin ZRO-USDT | 1.1678 | 0.0090 | get 0.0045% / 4h | 2h 15m | $1.0M | $250K | 75x |
Nado ZRO-PERP
BloFin ZRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$16.26
- Price spread: −0.144% → −0.018%
- −$12.54
- Slippage, 4 orders
- −$37.19
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$84.98
- Costs to cover
- 0.562%
- Break-even
- never at this rate
Slippage from Nado: live order book, 3 min ago; BloFin: live order book, 2 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, 3 min ago | 1.28 bp | 8.5 bp −$9 | 36.5 bp −$365 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 5.99 bp | 20.1 bp −$20 | 34.6 bp −$346 | 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 | +0.0008% | 1h | 1.1689 | −0.046% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0069% | 4h | 1.1695 | +0.002% | $20K | $4K | 10x | as long as short |
| BloFin ZRO-USDTshort | +0.0090% | 4h | 1.1678 | −0.144% | $1.0M | $250K | 75x | |
| Lighter ZRO | +0.0096% | 1h | 1.1713 | +0.153% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1706 | +0.096% | $37.1M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1697 | +0.020% | $158K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1693 | −0.016% | $137K | $175K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1685 | −0.084% | $21.8M | $29.4M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1686 | −0.075% | $17.9M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1685 | −0.084% | $3.2M | $7.8M | 20x | as long as short |
dYdX ZRO-USD
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 | 1.1680 | −0.127% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1688 | −0.058% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1685 | −0.084% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1680 | −0.127% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1690 | −0.041% | — | $16.6M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1694 | −0.007% | $94K | $220K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1682 | −0.109% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1680 | −0.127% | $39K | $676K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1695 | +0.002% | $102K | $815K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1680 | −0.127% | $21K | — | 3x | as long as short |
| 01 Exchange ZROUSD | +0.0128% | 1h | 1.1693 | −0.011% | $4K | $5K | 5x | as long as short |
| Nado ZRO-PERPlong | +0.0168% | 1h | 1.1695 | long leg | $1.3M | $126K | 5x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1685 | −0.083% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0703% | 1h | 1.1697 | +0.017% | $253K | $335K | 25x | as long as short |
| Extended ZRO-USD | +0.0960% | 1h | 1.1688 | −0.055% | $799K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1343% | 1h | 1.1740 | +0.386% | $12K | $261K | 12x | as long as short |
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
Injective ZRO/USDC PERP