Funding you earn now, next payment 00:00 UTC−0.0138%/8h= −15.1% APRnext payment −$0.69 per $10,000 · paid last 24h −0.035%
Price spread now: Orderly against Variational Omni−0.152%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Orderly is 0.152% cheaper against Variational Omni than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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 | Variational Omni ZRO | 1.1766 | 0.0100 | pay 0.0050% / 4h | 2h 51m | $2.2M | $893K | — |
| Short | Orderly PERP_ZRO_USDC | 1.1748 | −0.0038 | pay 0.0019% / 4h | 2h 51m | $21K | $7K | 10x |
Variational Omni ZRO
Orderly PERP_ZRO_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Variational Omni. 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
- −$28.9
- Price spread: −0.152% → 0.000%
- −$15.25
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$50.15
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Orderly: no order-book sample. 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 Variational Omni RFQ quote, 3 min ago | 3.15 bp | doesn't fit | 39.4 bp −$394 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
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 | −0.0168% | 1h | 1.1711 | −0.464% | $7K | $3K | 5x | as long as short |
| Bybit ZROUSDT | −0.0067% | 4h | 1.1717 | −0.416% | $18.0M | $16.3M | 50x | as long as short |
| Orderly PERP_ZRO_USDCshort | −0.0038% | 4h | 1.1748 | −0.152% | $21K | $7K | 10x | |
| OKX ZRO-USDT-SWAP | −0.0010% | 4h | 1.1736 | −0.254% | $3.2M | $9.2M | 20x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1749 | −0.146% | $21K | $2K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0061% | 4h | 1.1750 | −0.135% | $1.1M | $265K | 75x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1754 | −0.101% | $37.3M | $7.1M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1752 | −0.118% | $157K | $163K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1735 | −0.263% | $143K | $201K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1728 | −0.322% | $22.2M | $34.4M | 75x | as long as short |
01 Exchange ZROUSD
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
dYdX ZRO-USD
BloFin ZRO-USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1720 | −0.390% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1736 | −0.254% | $18.9M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1739 | −0.229% | $2.6M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1729 | −0.314% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1735 | −0.263% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1747 | −0.161% | $92K | $209K | 20x | as long as short |
| Variational Omni ZROlong | +0.0100% | 4h | 1.1766 | long leg | $2.2M | $893K | — | |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1770 | +0.034% | $37K | $680K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1743 | −0.195% | $86K | $1.0M | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1768 | +0.018% | $21K | — | 3x | as long as short |
| Lighter ZRO | +0.0144% | 1h | 1.1750 | −0.138% | $4.6M | $1.2M | 5x | as long as short |
| Nado ZRO-PERP | +0.0251% | 1h | 1.1727 | −0.333% | $1.3M | $131K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1751 | −0.131% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0319% | 1h | 1.1756 | −0.085% | $249K | $574K | 25x | as long as short |
| Extended ZRO-USD | +0.0592% | 1h | 1.1725 | −0.348% | $780K | $560K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1830 | +0.544% | $12K | $145K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Lighter ZRO
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP