Funding you earn now, next payment 00:00 UTC+0.1178%/8h= +129.0% APRpaid last 24h +0.125%
Price spread now: Injective against Orderly+0.345%58s7-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 +$35 a day on $10k at the current rate, and Injective is 0.345% dearer against Orderly than usual: you sell high and buy low: +$35 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 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 | 1.1869 | −0.0019 | get 0.0009% / 4h | 56m 11s | $21K | $7K | 10x |
| Short | Injective ZRO/USDC PERP | 1.1910 | 0.1159 | get 0.0145% / 1h | 56m 11s | $12K | $260K | 12x |
Orderly PERP_ZRO_USDC
Injective ZRO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $247.44
- Price spread: +0.345% → 0.000%
- $34.54
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $275.97
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Injective: live order book, 23 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 Injective live order book, 23 min ago | 33.84 bp | 44.2 bp −$44 | doesn't fit | 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 | −0.0144% | 1h | 1.1866 | −0.029% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDClong | −0.0019% | 4h | 1.1869 | long leg | $21K | $7K | 10x | |
| Lighter ZRO | +0.0096% | 1h | 1.1874 | +0.040% | $4.4M | $1.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1877 | +0.065% | $159K | $154K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1865 | −0.034% | $138K | $181K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1867 | −0.017% | $22.3M | $31.3M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1862 | −0.059% | $18.1M | $14.7M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1867 | −0.017% | $3.2M | $8.4M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1860 | −0.076% | $1.4M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1867 | −0.017% | $19.2M | $2.7M | 125x | as long as short |
01 Exchange ZROUSD
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1860 | −0.076% | $2.5M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1868 | −0.008% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1869 | 0.000% | — | $10.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1837 | −0.270% | $2.3M | $850K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1830 | −0.329% | $37K | $686K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1872 | +0.025% | $89K | $815K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1870 | +0.008% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0118% | 4h | 1.1875 | +0.051% | $1.1M | $258K | 75x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0131% | 1h | 1.1881 | +0.099% | $255K | $434K | 25x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0169% | 1h | 1.1875 | +0.051% | $101K | $208K | 20x | as long as short |
| Hyperliquid ZRO | +0.0225% | 1h | 1.1884 | +0.126% | $37.7M | $6.2M | 5x | as long as short |
| Nado ZRO-PERP | +0.0241% | 1h | 1.1862 | −0.061% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1870 | +0.011% | $3K | — | 100x | as long as short |
| dYdX ZRO-USD | +0.0304% | 1h | 1.1866 | −0.028% | $21K | $2K | 5x | as long as short |
| Injective ZRO/USDC PERPshort | +0.1159% | 1h | 1.1910 | +0.345% | $12K | $260K | 12x | |
| Extended ZRO-USD | +0.1984% | 1h | 1.1869 | −0.001% | $784K | $558K | 10x | as long as short |
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Kraken Futures PF_ZROUSD
Backpack ZRO_USDC_PERP
Hyperliquid ZRO
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
dYdX ZRO-USD
Extended ZRO-USD