Funding you earn now, next payment 08:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.25 per $10,000 · paid last 24h +0.034%
Price spread now: Variational Omni against Orderly−0.077%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. Variational Omni is 0.077% cheaper against Orderly than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 5.0 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ZRO_USDC | 1.1740 | 0.0049 | pay 0.0025% / 4h | 3h 32m | $21K | $5K | 10x |
| Short | Variational Omni ZRO | 1.1731 | 0.0100 | get 0.0050% / 4h | 3h 32m | $2.3M | $809K | — |
Orderly PERP_ZRO_USDC
Variational Omni ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational 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
- $10.7
- Price spread: −0.077% → 0.000%
- −$7.71
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$3.01
- Costs to cover
- 0.060%
- Break-even
- 9.0 days
Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 2 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 Variational Omni RFQ quote, 2 min ago | 4.05 bp | doesn't fit | 33.9 bp −$339 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0047% | 1h | 1.1734 | −0.051% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDClong | +0.0049% | 4h | 1.1740 | long leg | $21K | $5K | 10x | |
| Lighter ZRO | +0.0096% | 1h | 1.1761 | +0.175% | $4.4M | $1.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1745 | +0.042% | $158K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1741 | +0.007% | $136K | $178K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1738 | −0.015% | $22.0M | $29.7M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1732 | −0.068% | $17.9M | $13.8M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1736 | −0.034% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1720 | −0.170% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1740 | 0.000% | $19.2M | $2.7M | 125x | as long as short |
dYdX ZRO-USD
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 | 1.1741 | +0.009% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1737 | −0.026% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1735 | −0.043% | — | $16.4M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1740 | 0.000% | $98K | $222K | 20x | as long as short |
| Variational Omni ZROshort | +0.0100% | 4h | 1.1731 | −0.077% | $2.3M | $809K | — | |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1760 | +0.170% | $39K | $676K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1746 | +0.051% | $100K | $850K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1738 | −0.016% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0156% | 4h | 1.1738 | −0.017% | $1.1M | $249K | 75x | as long as short |
| Nado ZRO-PERP | +0.0221% | 1h | 1.1744 | +0.033% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1736 | −0.031% | $3K | — | 100x | as long as short |
| 01 Exchange ZROUSD | +0.0328% | 1h | 1.1756 | +0.136% | $7K | $3K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0461% | 1h | 1.1751 | +0.096% | $258K | $384K | 25x | as long as short |
| Hyperliquid ZRO | +0.0542% | 1h | 1.1755 | +0.128% | $37.3M | $5.5M | 5x | as long as short |
| Extended ZRO-USD | +0.1152% | 1h | 1.1739 | −0.009% | $804K | $621K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1363% | 1h | 1.1780 | +0.341% | $12K | $261K | 12x | as long as short |
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
01 Exchange ZROUSD
Kraken Futures PF_ZROUSD
Hyperliquid ZRO
Extended ZRO-USD
Injective ZRO/USDC PERP