Funding you earn now, next payment 23:00 UTC−0.0053%/8h= −5.9% APRpaid last 24h −0.021%
Price spread now: Bybit against Nado−0.062%7-day average −0.034% · 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−$50as in the Price arb table
costs, in and out, $10k−$470.471% of the position
Funding, last 3 days (all we have)−0.056%−$6 on $10k
+Price spread, last 7 days−0.324%−$32 · spread now −0.062%, 7d avg −0.034%
=Together, before fees−0.380%+ Points / potential airdropNado: Active · farm board−$38 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 Bybit is 0.027% cheaper against Nado than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.034%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado ZRO-PERP | 1.1828 | 0.0153 | pay 0.0019% / 1h | 42m 15s | $1.3M | $125K | 5x |
| Short | Bybit ZROUSDT | 1.1821 | 0.0100 | get 0.0050% / 4h | 1h 42m | $18.1M | $14.9M | 50x |
Nado ZRO-PERP
Bybit ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$11.23
- Price spread: −0.062% → −0.034%
- −$2.73
- Slippage, 4 orders
- −$29.05
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$61
- Costs to cover
- 0.471%
- Break-even
- never at this rate
Slippage from Nado: live order book, 1 min ago; Bybit: live order book, 1 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 | 0.85 bp | 12.4 bp −$12 | 45.5 bp −$455 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.42 bp | 10.8 bp −$11 | 32.3 bp −$323 | 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 | −0.0632% | 1h | 1.1819 | −0.082% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0054% | 4h | 1.1831 | +0.023% | $21K | $7K | 10x | as long as short |
| Lighter ZRO | +0.0040% | 1h | 1.1832 | +0.031% | $4.4M | $1.5M | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0059% | 1h | 1.1846 | +0.146% | $251K | $552K | 25x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1846 | +0.150% | $37.6M | $6.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1837 | +0.070% | $158K | $154K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1828 | −0.002% | $138K | $184K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1830 | +0.014% | $22.2M | $31.8M | 75x | as long as short |
| Bybit ZROUSDTshort | +0.0100% | 4h | 1.1821 | −0.062% | $18.1M | $14.9M | 50x | |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1833 | +0.040% | $3.2M | $8.5M | 20x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Lighter ZRO
Kraken Futures PF_ZROUSD
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance 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 | 1.1830 | +0.014% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1830 | +0.014% | $19.1M | $3.1M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1837 | +0.074% | $2.9M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1825 | −0.028% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1828 | −0.002% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1837 | +0.074% | $95K | $204K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1779 | −0.418% | $2.3M | $859K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1810 | −0.155% | $37K | $681K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1838 | +0.082% | $89K | $905K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1830 | +0.014% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0111% | 1h | 1.1831 | +0.019% | $21K | $2K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0139% | 4h | 1.1816 | −0.104% | $1.1M | $263K | 75x | as long as short |
| Nado ZRO-PERPlong | +0.0153% | 1h | 1.1828 | long leg | $1.3M | $125K | 5x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0295% / S −0.2416% | 1h | 1.1840 | +0.098% | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERP | +0.0980% | 1h | 1.1860 | +0.268% | $12K | $218K | 12x | as long as short |
| Extended ZRO-USD | +0.2408% | 1h | 1.1828 | 0.000% | $784K | $541K | 10x | 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
dYdX ZRO-USD
BloFin ZRO-USDT
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP
Extended ZRO-USD