Funding you earn now, next payment 22:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.020%
Price spread now: Gate against Nado−0.041%50s7-day average +0.016% · 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—prices read too far apart to compare
costs, in and out, $10k−$750.752% of the position
Funding, last 3 days (all we have)−0.050%−$5 on $10k
+Price spread, last 7 days−0.271%−$27 · spread now −0.041%, 7d avg +0.016%
=Together, before fees−0.321%+ Points / potential airdropNado: Active · farm board−$32 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 Gate is 0.057% cheaper against Nado than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.016%). Swap the legs. The two prices were read 50 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 | Nado ZRO-PERP | 1.1775 | 0.0199 | pay 0.0025% / 1h | 44m 33s | $1.3M | $131K | 5x |
| Short | Gate ZRO_USDT | 1.1770 | 0.0100 | get 0.0050% / 4h | 2h 44m | $1.3M | $2.0M | 75x |
Nado ZRO-PERP
Gate ZRO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$20.7
- Price spread: −0.041% → +0.016%
- −$5.72
- Slippage, 4 orders
- −$53.24
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$101.65
- Costs to cover
- 0.752%
- Break-even
- never at this rate
Slippage from Nado: live order book, 4 min ago; Gate: live order book, 3 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, 4 min ago | 1.69 bp | 12.2 bp −$12 | 43.6 bp −$436 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 4.25 bp | 24.0 bp −$24 | 70.9 bp −$709 | 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 | −0.0360% | 1h | 1.1765 | −0.083% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0043% | 4h | 1.1785 | +0.086% | $21K | $7K | 10x | as long as short |
| Bybit ZROUSDT | −0.0028% | 4h | 1.1771 | −0.033% | $18.1M | $16.2M | 50x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1790 | +0.128% | $21K | $2K | 5x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0014% | 4h | 1.1778 | +0.027% | $3.2M | $9.2M | 20x | as long as short |
| BloFin ZRO-USDT | +0.0090% | 4h | 1.1766 | −0.075% | $1.1M | $265K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1790 | +0.129% | $4.6M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1792 | +0.145% | $37.4M | $7.1M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1790 | +0.128% | $157K | $162K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1780 | +0.042% | $143K | $197K | 5x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Bybit ZROUSDT
dYdX ZRO-USD
OKX ZRO-USDT-SWAP
BloFin ZRO-USDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZROShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ZROUSDT | +0.0100% | 4h | 1.1780 | +0.044% | $22.3M | $34.1M | 75x | as long as short |
| Gate ZRO_USDTshort | +0.0100% | 4h | 1.1770 | −0.041% | $1.3M | $2.0M | 75x | |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1778 | +0.027% | $19.0M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1777 | +0.018% | $2.6M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1778 | +0.027% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1774 | −0.007% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1791 | +0.137% | $92K | $205K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1763 | −0.100% | $2.2M | $878K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1780 | +0.044% | $37K | $680K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1784 | +0.078% | $86K | $996K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1775 | +0.001% | $21K | — | 3x | as long as short |
| Nado ZRO-PERPlong | +0.0199% | 1h | 1.1775 | long leg | $1.3M | $131K | 5x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1793 | +0.154% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0318% | 1h | 1.1790 | +0.127% | $250K | $576K | 25x | as long as short |
| Extended ZRO-USD | +0.1072% | 1h | 1.1776 | +0.005% | $780K | $560K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1820 | +0.383% | $12K | $145K | 12x | as long as short |
Binance ZROUSDT
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
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP