Funding you earn now, next payment 04:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.22 per $10,000 · paid last 24h +0.044%
Price spread now: BloFin against Orderly−0.120%52s7-day average — · you buy dearer than you sell
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
Funding pays, the price is against you. BloFin is 0.120% cheaper against Orderly than usual: you would sell low and buy high (spread −0.120% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 9.1 days of funding at the current rate (+$1 a day). The two prices were read 52 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 | Orderly PERP_ZRO_USDC | 1.1690 | 0.0036 | pay 0.0018% / 4h | 1h 38m | $20K | $5K | 10x |
| Short | BloFin ZRO-USDT | 1.1676 | 0.0080 | get 0.0040% / 4h | 1h 38m | $1.1M | $248K | 75x |
Orderly PERP_ZRO_USDC
BloFin ZRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $9.2
- Price spread: −0.120% → 0.000%
- −$11.98
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$20.78
- Costs to cover
- 0.180%
- Break-even
- 22.8 days
Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 4 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 BloFin live order book, 4 min ago | 1.71 bp | 19.5 bp −$19 | 35.0 bp −$350 | 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 | −0.0536% | 1h | 1.1687 | −0.028% | $7K | $3K | 5x | as long as short |
| Bybit ZROUSDT | −0.0041% | 4h | 1.1688 | −0.017% | $17.8M | $14.1M | 50x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1703 | +0.113% | $21K | $3K | 5x | as long as short |
| Gate ZRO_USDT | +0.0028% | 4h | 1.1690 | 0.000% | $1.3M | $1.5M | 75x | as long as short |
| Orderly PERP_ZRO_USDClong | +0.0036% | 4h | 1.1690 | long leg | $20K | $5K | 10x | |
| BloFin ZRO-USDTshort | +0.0080% | 4h | 1.1676 | −0.120% | $1.1M | $248K | 75x | |
| Lighter ZRO | +0.0096% | 1h | 1.1723 | +0.281% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1708 | +0.154% | $37.1M | $5.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1712 | +0.186% | $158K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1707 | +0.146% | $136K | $175K | 5x | as long as short |
01 Exchange ZROUSD
Bybit ZROUSDT
dYdX ZRO-USD
Gate 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 | 1.1693 | +0.026% | $21.9M | $29.9M | 75x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1695 | +0.043% | $3.2M | $8.0M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1695 | +0.043% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1701 | +0.094% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1695 | +0.043% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1694 | +0.034% | — | $16.4M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1686 | −0.034% | $94K | $212K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1694 | +0.036% | $2.3M | $813K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1690 | 0.000% | $39K | $673K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1698 | +0.068% | $99K | $851K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1686 | −0.034% | $21K | — | 3x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0198% | 1h | 1.1692 | +0.021% | $257K | $407K | 25x | as long as short |
| Nado ZRO-PERP | +0.0199% | 1h | 1.1693 | +0.025% | $1.3M | $127K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1700 | +0.084% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0576% | 1h | 1.1692 | +0.017% | $781K | $590K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1102% | 1h | 1.1730 | +0.342% | $12K | $260K | 12x | as long as short |
Binance ZROUSDT
OKX ZRO-USDT-SWAP
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
Kraken Futures PF_ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP