Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%
Price spread now: ApeX Omni against Backpack−0.085%84s7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$550.548% of the position
Funding, last 7 days+0.165%+$16 on $10k
+Price spread, last 4 days (all we have)+0.202%+$20 · spread now −0.085%, 7d avg +0.012%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.097% cheaper against Backpack than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.012%. The two prices were read 84 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 | Backpack ZRO_USDC_PERP | 1.1760 | 0.0100 | pay 0.0013% / 1h | 28m 13s | $98K | $222K | 20x |
| Short | ApeX Omni ZROUSDT | 1.1750 | 0.0100 | get 0.0013% / 1h | 28m 13s | $39K | $676K | 50x |
Backpack ZRO_USDC_PERP
ApeX Omni ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Backpack. 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
- $0
- Price spread: −0.085% → +0.012%
- −$9.66
- Slippage, 4 orders
- −$34.83
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$64.49
- Costs to cover
- 0.548%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 25 min ago; ApeX Omni: live order book, 25 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 Backpack live order book, 25 min ago | 0.42 bp | 6.4 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 25 min ago | 8.46 bp | 17.5 bp −$17 | 117.4 bp −$1,174 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZRO_USDC | +0.0049% | 4h | 1.1760 | 0.000% | $21K | $5K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0081% | 4h | 1.1768 | +0.068% | $1.1M | $250K | 75x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1762 | +0.017% | $159K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1768 | +0.066% | $137K | $178K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1759 | −0.007% | $22.1M | $29.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1760 | 0.000% | $18.0M | $13.8M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1760 | 0.000% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1760 | 0.000% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1759 | −0.009% | $19.3M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1758 | −0.017% | $2.4M | $2.0M | 50x | as long as short |
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTMShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZROUSDT | +0.0100% | 4h | 1.1760 | 0.000% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1766 | +0.051% | — | $16.4M | — | as long as short |
| Backpack ZRO_USDC_PERPlong | +0.0100% | 1h | 1.1760 | long leg | $98K | $222K | 20x | |
| Variational Omni ZRO | +0.0100% | 4h | 1.1759 | −0.005% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDTshort | +0.0100% | 1h | 1.1750 | −0.085% | $39K | $676K | 50x | |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1771 | +0.094% | $100K | $850K | 5x | as long as short |
| dYdX ZRO-USD | +0.0104% | 1h | 1.1765 | +0.042% | $21K | $4K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1756 | −0.032% | $21K | — | 3x | as long as short |
| Lighter ZRO | +0.0120% | 1h | 1.1785 | +0.213% | $4.4M | $1.2M | 5x | as long as short |
| Nado ZRO-PERP | +0.0228% | 1h | 1.1768 | +0.072% | $1.3M | $125K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1757 | −0.028% | $3K | — | 100x | as long as short |
| 01 Exchange ZROUSD | +0.0344% | 1h | 1.1775 | +0.126% | $7K | $3K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0461% | 1h | 1.1769 | +0.078% | $259K | $384K | 25x | as long as short |
| Hyperliquid ZRO | +0.0571% | 1h | 1.1776 | +0.136% | $37.3M | $5.5M | 5x | as long as short |
| Extended ZRO-USD | +0.1152% | 1h | 1.1755 | −0.039% | $804K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1363% | 1h | 1.1820 | +0.510% | $12K | $261K | 12x | as long as short |
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
Polymarket Perps ZRO-USD
dYdX ZRO-USD
Aevo ZRO-PERP
Lighter ZRO
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
01 Exchange ZROUSD
Kraken Futures PF_ZROUSD
Hyperliquid ZRO
Extended ZRO-USD
Injective ZRO/USDC PERP