Funding you earn now, next payment 22:00 UTC+0.0160%/8h= +17.6% APRpaid last 24h +0.036%
Price spread now: ApeX Omni against Orderly+0.211%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and ApeX Omni is 0.211% dearer against Orderly than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ZRO_USDC | 1.1825 | −0.0060 | get 0.0030% / 4h | 2h 26m | $21K | $7K | 10x |
| Short | ApeX Omni ZROUSDT | 1.1850 | 0.0100 | get 0.0013% / 1h | 26m 48s | $37K | $682K | 50x |
Orderly PERP_ZRO_USDC
ApeX Omni ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Orderly. 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
- $33.66
- Price spread: +0.211% → 0.000%
- $21.14
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $38.8
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 61 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 61 min ago | 12.70 bp | 23.0 bp −$23 | 121.6 bp −$1,216 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0448% | 1h | 1.1823 | −0.019% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDClong | −0.0060% | 4h | 1.1825 | long leg | $21K | $7K | 10x | |
| dYdX ZRO-USD | +0.0002% | 1h | 1.1814 | −0.092% | $21K | $2K | 5x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0068% | 4h | 1.1831 | +0.051% | $3.2M | $9.0M | 20x | as long as short |
| Bybit ZROUSDT | +0.0081% | 4h | 1.1817 | −0.068% | $18.2M | $15.7M | 50x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1826 | +0.008% | $4.6M | $1.3M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1840 | +0.124% | $37.6M | $6.9M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1825 | +0.004% | $158K | $160K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1822 | −0.024% | $143K | $193K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1825 | +0.004% | $22.3M | $33.4M | 75x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
OKX ZRO-USDT-SWAP
Bybit ZROUSDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1820 | −0.042% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1828 | +0.025% | $19.1M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1827 | +0.017% | $2.5M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1829 | +0.034% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1822 | −0.025% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1837 | +0.101% | $92K | $203K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1835 | +0.089% | $2.3M | $860K | — | as long as short |
| ApeX Omni ZROUSDTshort | +0.0100% | 1h | 1.1850 | +0.211% | $37K | $682K | 50x | |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1834 | +0.076% | $87K | $922K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1825 | 0.000% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0117% | 4h | 1.1830 | +0.042% | $1.1M | $266K | 75x | as long as short |
| Nado ZRO-PERP | +0.0151% | 1h | 1.1817 | −0.069% | $1.3M | $131K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1825 | +0.002% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0317% | 1h | 1.1841 | +0.137% | $251K | $572K | 25x | as long as short |
| Extended ZRO-USD | +0.1168% | 1h | 1.1825 | 0.000% | $780K | $559K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1860 | +0.296% | $12K | $175K | 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
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP