Funding you earn now, next payment 06:00 UTC−0.0199%/8h= −21.8% APRpaid last 24h −0.031%
Price spread now: MEXC against Nado+0.003%51s7-day average +0.005% · you sell dearer than you buy
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−$360.356% of the position
Funding, last 3 days (all we have)−0.060%−$6 on $10k
+Price spread, last 7 days−0.151%−$15 · spread now +0.003%, 7d avg +0.005%
=Together, before fees−0.211%+ Points / potential airdropNado: Active · farm board−$21 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.060% in total (about -6.4% 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 | Nado ZRO-PERP | 1.1634 | 0.0299 | pay 0.0037% / 1h | 54m 42s | $1.3M | $126K | 5x |
| Short | MEXC ZRO_USDT | 1.1634 | 0.0100 | get 0.0050% / 4h | 2h 54m | $19.1M | $2.7M | 125x |
Nado ZRO-PERP
MEXC ZRO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$41.72
- Price spread: +0.003% → +0.005%
- −$0.18
- Slippage, 4 orders
- −$28.57
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$77.47
- Costs to cover
- 0.356%
- Break-even
- never at this rate
Slippage from Nado: live order book, 4 min ago; MEXC: live order book, 4 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 | 2.57 bp | 11.6 bp −$12 | 44.3 bp −$443 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.86 bp | 5.2 bp −$5 | 44.1 bp −$441 | 84.5 bp −$8,450 | 372.3 bp −$186.2K |
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 | 0.0000% | 1h | 1.1639 | +0.043% | $21K | $4K | 5x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0005% | 1h | 1.1636 | +0.020% | $93K | $219K | 20x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0058% | 4h | 1.1639 | +0.046% | $20K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1655 | +0.184% | $4.3M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1641 | +0.065% | $36.9M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1649 | +0.129% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1633 | −0.002% | $137K | $180K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1633 | −0.008% | $21.8M | $29.6M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1630 | −0.031% | $17.8M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1634 | +0.003% | $3.2M | $7.8M | 20x | as long as short |
dYdX ZRO-USD
Backpack ZRO_USDC_PERP
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 | 1.1640 | +0.055% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDTshort | +0.0100% | 4h | 1.1634 | +0.003% | $19.1M | $2.7M | 125x | |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1638 | +0.037% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1635 | +0.012% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1636 | +0.020% | — | $16.6M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1670 | +0.316% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1690 | +0.484% | $39K | $676K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1637 | +0.029% | $99K | $825K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1630 | −0.031% | $21K | — | 3x | as long as short |
| 01 Exchange ZROUSD | +0.0144% | 1h | 1.1641 | +0.063% | $7K | $3K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0146% | 4h | 1.1634 | +0.003% | $1.1M | $247K | 75x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1632 | −0.013% | $3K | — | 100x | as long as short |
| Nado ZRO-PERPlong | +0.0299% | 1h | 1.1634 | long leg | $1.3M | $126K | 5x | |
| Kraken Futures PF_ZROUSD | +0.0706% | 1h | 1.1648 | +0.123% | $254K | $356K | 25x | as long as short |
| Extended ZRO-USD | +0.1032% | 1h | 1.1635 | +0.011% | $800K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1343% | 1h | 1.1740 | +0.914% | $12K | $260K | 12x | as long as short |
Gate ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
01 Exchange ZROUSD
BloFin ZRO-USDT
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP