Funding you earn now, next payment 23:00 UTC+0.2380%/8h= +260.6% APRnext payment +$2.97 per $10,000 · paid last 24h +0.055%
Price spread now: Extended against Polymarket Perps−0.125%7-day average −0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$984as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,006as in the Price arb table
costs, in and out, $10k−$1,00310.032% of the position
Funding, last 7 days+0.192%+$19 on $10k
+Price spread, last 3 days (all we have)−0.155%−$16 · spread now −0.125%, 7d avg −0.094%
=Together, before fees+0.037%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.031% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of −0.094%). If the spread goes back, that is −$3 on $10k: about 1 hour of funding at the current rate (+$71 a day). At the pace of the last 7 days (+0.192% in total) that is about 27 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.192% in total (about 10.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.97 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ZRO-USD | 1.1806 | 0.0100 | pay 0.0013% / 1h | 22m 52s | $88K | $904K | 5x |
| Short | Extended ZRO-USD | 1.1791 | 0.2480 | get 0.0310% / 1h | 22m 52s | $780K | $560K | 10x |
Polymarket Perps ZRO-USD
Extended ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Polymarket Perps. 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
- $499.8
- Price spread: −0.125% → −0.094%
- −$3.11
- Slippage, 4 orders
- −$990.18
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$506.49
- Costs to cover
- 10.032%
- Break-even
- 14.1 days
Slippage from Polymarket Perps: live order book, 20 min ago; Extended: live order book, 60 min ago.
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 Polymarket Perps live order book, 20 min ago | 2.96 bp | 7.0 bp −$7 | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell Extended live order book, 60 min ago | 12.59 bp | 29.2 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0520% | 1h | 1.1781 | −0.215% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0035% | 4h | 1.1796 | −0.085% | $21K | $7K | 10x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0059% | 1h | 1.1805 | −0.008% | $250K | $517K | 25x | as long as short |
| BloFin ZRO-USDT | +0.0079% | 4h | 1.1784 | −0.186% | $1.1M | $262K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1796 | −0.087% | $4.4M | $1.5M | 5x | as long as short |
| Bybit ZROUSDT | +0.0097% | 4h | 1.1790 | −0.136% | $18.0M | $14.8M | 50x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1813 | +0.059% | $37.5M | $6.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1809 | +0.023% | $158K | $153K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1788 | −0.154% | $137K | $183K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1804 | −0.017% | $22.2M | $31.7M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Kraken Futures PF_ZROUSD
BloFin ZRO-USDT
Lighter ZRO
Bybit ZROUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1793 | −0.110% | $3.2M | $8.5M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1800 | −0.051% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1793 | −0.110% | $19.0M | $3.1M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1790 | −0.136% | $2.7M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1806 | 0.000% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1798 | −0.068% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1804 | −0.017% | $100K | $208K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1777 | −0.245% | $2.3M | $868K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1790 | −0.136% | $37K | $683K | 50x | as long as short |
| Polymarket Perps ZRO-USDlong | +0.0100% | 1h | 1.1806 | long leg | $88K | $904K | 5x | |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1800 | −0.051% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0124% | 1h | 1.1809 | +0.025% | $21K | $2K | 5x | as long as short |
| Nado ZRO-PERP | +0.0185% | 1h | 1.1787 | −0.165% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1800 | −0.050% | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERP | +0.0980% | 1h | 1.1840 | +0.288% | $12K | $218K | 12x | as long as short |
| Extended ZRO-USDshort | +0.2480% | 1h | 1.1791 | −0.125% | $780K | $560K | 10x |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Aevo ZRO-PERP
dYdX ZRO-USD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP