ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0155%/8h= −17.0% APRnext payment −$0.19 per $10,000 · paid last 24h −0.058%

Price spread now: 01 Exchange against Backpack+0.073%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on 01 Exchange

What this pair did over the last

the charts below follow

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—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.073% dearer against Backpack than usual: you sell high and buy low (spread +0.073% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ZRO_USDC_PERP	1.1696	0.0227	pay 0.0028% / 1h	5m 41s	$95K	$216K	20x
Short	01 Exchange ZROUSD	1.1704	0.0072	get 0.0009% / 1h	5m 41s	$4K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee 01 ExchangebpOrdersPrice spread, now +0.073%Rate

Funding earned: −$32.58
Price spread: +0.073% → 0.000%: $7.27
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$42.31
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 38 min ago; 01 Exchange: 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 Backpack live order book, 38 min ago	0.43 bp	6.3 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	+0.0028%	1h	1.1685	−0.095%	$21K	$5K	5x	as long as short
BloFin ZRO-USDT	+0.0051%	4h	1.1675	−0.180%	$1.0M	$202K	75x	as long as short
01 Exchange ZROUSDshort	+0.0072%	1h	1.1704	+0.073%	$4K	$5K	5x
Orderly PERP_ZRO_USDC	+0.0093%	4h	1.1689	−0.060%	$20K	$4K	10x	as long as short
Lighter ZRO	+0.0096%	1h	1.1714	+0.152%	$4.4M	$1.2M	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1704	+0.068%	$37.1M	$5.4M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1692	−0.032%	$158K	$149K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1689	−0.059%	$137K	$171K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1692	−0.032%	$21.9M	$29.0M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1687	−0.077%	$17.9M	$13.3M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1692	−0.034%	$3.2M	$7.7M	20x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1680	−0.137%	$1.3M	$1.4M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1691	−0.043%	$19.2M	$2.7M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1685	−0.094%	$2.4M	$2.0M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1686	−0.085%	$2.7M	$2.5M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1683	−0.111%	—	$16.5M	—	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1681	−0.124%	$2.3M	$771K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1690	−0.051%	$39K	$669K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1705	+0.077%	$99K	$817K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1679	−0.149%	$21K	—	3x	as long as short
Backpack ZRO_USDC_PERPlong	+0.0227%	1h	1.1696	long leg	$95K	$216K	20x
Nado ZRO-PERP	+0.0252%	1h	1.1693	−0.029%	$1.3M	$128K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0292% / S −0.2341%	1h	1.1692	−0.030%	$3K	—	100x	as long as short
Kraken Futures PF_ZROUSD	+0.0514%	1h	1.1699	+0.026%	$254K	$298K	25x	as long as short
Extended ZRO-USD	+0.0760%	1h	1.1688	−0.066%	$798K	$642K	10x	as long as short
Injective ZRO/USDC PERP	+0.1317%	1h	1.1730	+0.291%	$12K	$261K	12x	as long as short