Funding you earn now, next payment 23:00 UTC+0.0576%/8h= +63.1% APRpaid last 24h +0.022%
Price spread now: Orderly against 01 Exchange+0.037%46s7-day average — · you sell dearer than you buy
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—needs both histories
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Orderly is 0.037% dearer against 01 Exchange than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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 | 01 Exchange ZROUSD | 1.1819 | −0.0632 | get 0.0079% / 1h | 42m 27s | $7K | $3K | 5x |
| Short | Orderly PERP_ZRO_USDC | 1.1823 | −0.0056 | pay 0.0028% / 4h | 1h 42m | $21K | $7K | 10x |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against 01 Exchange. 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
- $121.03
- Price spread: +0.037% → 0.000%
- $3.72
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $111.75
- Costs to cover
- 0.130%
- Break-even
- 0.5 days
Slippage unknown: 01 Exchange: no order-book sample; 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
01 Exchange and 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 ZROUSDlong | −0.0632% | 1h | 1.1819 | long leg | $7K | $3K | 5x | |
| Orderly PERP_ZRO_USDCshort | −0.0056% | 4h | 1.1823 | +0.037% | $21K | $7K | 10x | |
| Lighter ZRO | +0.0008% | 1h | 1.1829 | +0.088% | $4.4M | $1.5M | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0059% | 1h | 1.1832 | +0.112% | $251K | $562K | 25x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1846 | +0.232% | $37.6M | $6.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1835 | +0.141% | $158K | $154K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1828 | +0.080% | $138K | $184K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1830 | +0.096% | $22.2M | $31.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1821 | +0.020% | $18.1M | $14.9M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1831 | +0.105% | $3.2M | $8.5M | 20x | as long as short |
Lighter ZRO
Kraken Futures PF_ZROUSD
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1830 | +0.096% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1829 | +0.088% | $19.1M | $3.1M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1833 | +0.122% | $2.9M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1826 | +0.063% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1823 | +0.037% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1828 | +0.080% | $95K | $204K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1779 | −0.336% | $2.3M | $859K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1810 | −0.073% | $37K | $681K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1838 | +0.164% | $89K | $905K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1815 | −0.030% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0111% | 1h | 1.1831 | +0.101% | $21K | $2K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0139% | 4h | 1.1816 | −0.022% | $1.1M | $263K | 75x | as long as short |
| Nado ZRO-PERP | +0.0153% | 1h | 1.1828 | +0.082% | $1.3M | $125K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0295% / S −0.2416% | 1h | 1.1830 | +0.097% | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERP | +0.0980% | 1h | 1.1860 | +0.350% | $12K | $218K | 12x | as long as short |
| Extended ZRO-USD | +0.2392% | 1h | 1.1825 | +0.050% | $784K | $541K | 10x | 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
dYdX ZRO-USD
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP
Extended ZRO-USD