Funding you earn now, next payment 00:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.64 per $10,000 · paid last 24h −0.004%
Price spread now: OKX against Orderly+0.051%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 +$4 a day on $10k at the current rate, and OKX is 0.051% dearer against Orderly than usual: you sell high and buy low: +$5 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 | OKX ZRO-USDT-SWAP | 1.1831 | 0.0068 | get 0.0034% / 4h | 2h 26m | $3.2M | $9.0M | 20x |
Orderly PERP_ZRO_USDC
OKX ZRO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $26.87
- Price spread: +0.051% → 0.000%
- $5.07
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $15.94
- Costs to cover
- 0.160%
- Break-even
- 2.8 days
Slippage unknown: Orderly: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago | 0.85 bp | 12.3 bp −$12 | 98.3 bp −$983 | 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 | −0.0440% | 1h | 1.1835 | +0.083% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDClong | −0.0060% | 4h | 1.1825 | long leg | $21K | $7K | 10x | |
| dYdX ZRO-USD | +0.0001% | 1h | 1.1840 | +0.127% | $21K | $2K | 5x | as long as short |
| OKX ZRO-USDT-SWAPshort | +0.0068% | 4h | 1.1831 | +0.051% | $3.2M | $9.0M | 20x | |
| Lighter ZRO | +0.0096% | 1h | 1.1843 | +0.152% | $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 | 1.1834 | +0.075% | $143K | $193K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1837 | +0.100% | $22.4M | $33.4M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1832 | +0.059% | $18.2M | $15.7M | 50x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit 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 | 1.1837 | +0.101% | $19.1M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1834 | +0.076% | $3.0M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1838 | +0.110% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1828 | +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 ZROUSDT | +0.0100% | 1h | 1.1850 | +0.211% | $37K | $682K | 50x | as long as short |
| 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 | 1.1833 | +0.068% | $784K | $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
ApeX Omni ZROUSDT
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