Funding you earn now, next payment 09:00 UTC+0.0308%/8h= +33.7% APRpaid last 24h +0.183%
Price spread now: Extended against BingX−0.142%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$319as in the Funding arb table
Net, price: spread back to 7d avg − costs−$352as in the Price arb table
costs, in and out, $10k−$3383.382% of the position
Funding, last 7 days+0.190%+$19 on $10k
+Price spread, last 4 days (all we have)+0.385%+$38 · spread now −0.142%, 7d avg −0.009%
=Together, before fees+0.574%+ Points / potential airdropExtended: Active · farm board+$57 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.133% cheaper against BingX than usual: you would sell low and buy high (spread −0.142% now, against its 7-day average of −0.009%). If the spread goes back, that is −$13 on $10k: about 35 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.190% in total) that is about 4.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.190% in total (about 9.9% a year). A funding rate is set anew for every payment. 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 | BingX ZRO-USDT | 1.1898 | 0.0100 | pay 0.0050% / 4h | 3h 34m | — | $21.7M | — |
| Short | Extended ZRO-USD | 1.1881 | 0.0408 | get 0.0051% / 1h | 34m 34s | $815K | $646K | 10x |
BingX ZRO-USDT
Extended ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against BingX. 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
- $64.68
- Price spread: −0.142% → −0.009%
- −$13.33
- Slippage, 4 orders
- −$323.21
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$286.86
- Costs to cover
- 3.382%
- Break-even
- 38.0 days
Slippage from BingX: live order book, 4 min ago; Extended: live order book, 63 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 BingX live order book, 4 min ago | 2.52 bp | 8.2 bp −$8 | 15.5 bp −$155 | 34.0 bp −$3,399 | 99.4 bp −$49.7K |
| Sell Extended live order book, 63 min ago | 13.70 bp | 18.4 bp −$18 | 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 | −0.0280% | 1h | 1.1871 | −0.224% | $4K | $5K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1893 | −0.042% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0072% | 4h | 1.1906 | +0.067% | $21K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1908 | +0.083% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1912 | +0.118% | $37.7M | $5.3M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1899 | +0.011% | $161K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1885 | −0.108% | $137K | $170K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1876 | −0.183% | $22.3M | $29.3M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1879 | −0.160% | $18.2M | $13.2M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1880 | −0.151% | $3.2M | $7.9M | 20x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
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 | 1.1880 | −0.151% | $1.4M | $1.3M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1887 | −0.092% | $20.1M | $2.8M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1902 | +0.034% | $2.5M | $2.2M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1882 | −0.134% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDTlong | +0.0100% | 4h | 1.1898 | long leg | — | $21.7M | — | |
| Variational Omni ZRO | +0.0100% | 4h | 1.1906 | +0.063% | $2.3M | $766K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1920 | +0.185% | $40K | $668K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1895 | −0.025% | $101K | $799K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1903 | +0.044% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0126% | 4h | 1.1908 | +0.084% | $1.1M | $201K | 75x | as long as short |
| Nado ZRO-PERP | +0.0156% | 1h | 1.1911 | +0.110% | $1.4M | $129K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0294% / S −0.2341% | 1h | 1.1909 | +0.095% | $3K | — | 100x | as long as short |
| Extended ZRO-USDshort | +0.0408% | 1h | 1.1881 | −0.142% | $815K | $646K | 10x | |
| Kraken Futures PF_ZROUSD | +0.0550% | 1h | 1.1912 | +0.116% | $271K | $312K | 25x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0583% | 1h | 1.1911 | +0.109% | $96K | $221K | 20x | as long as short |
| Injective ZRO/USDC PERP | +0.1160% | 1h | 1.1960 | +0.521% | $13K | $258K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Backpack ZRO_USDC_PERP
Injective ZRO/USDC PERP