Funding you earn now, next payment 02:00 UTC+0.1113%/8h= +121.9% APRpaid last 24h +0.136%
Price spread now: Injective against BingX+0.469%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$970.971% of the position
Funding, last 7 days−0.234%−$23 on $10k
+Price spread, last 3 days (all we have)−1.104%−$110 · spread now +0.469%, 7d avg +0.004%
=Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Injective is 0.465% dearer against BingX than usual: you sell high and buy low: +$47 more if the spread goes back to its 7-day average of +0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.234%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.234% in total (about -12.2% 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 | 1.1725 | 0.0100 | pay 0.0050% / 4h | 2h 47m | — | $16.5M | — |
| Short | Injective ZRO/USDC PERP | 1.1780 | 0.1213 | get 0.0152% / 1h | 47m 15s | $12K | $260K | 12x |
BingX ZRO-USDT
Injective ZRO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $233.82
- Price spread: +0.469% → +0.004%
- $46.5
- Slippage, 4 orders
- −$87.07
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $183.23
- Costs to cover
- 0.971%
- Break-even
- 1.5 days
Slippage from BingX: live order book, 6 min ago; Injective: live order book, 22 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, 6 min ago | 2.57 bp | 8.1 bp −$8 | 12.9 bp −$129 | 25.4 bp −$2,539 | 53.2 bp −$26.6K |
| Sell Injective live order book, 22 min ago | 33.70 bp | 44.0 bp −$44 | 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 | −0.0192% | 1h | 1.1719 | −0.050% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1723 | −0.016% | $21K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0012% | 4h | 1.1716 | −0.077% | $21K | $6K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1726 | +0.009% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1735 | +0.087% | $37.2M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1738 | +0.111% | $157K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1724 | −0.007% | $136K | $168K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1706 | −0.162% | $21.9M | $30.0M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1693 | −0.273% | $17.9M | $14.1M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1706 | −0.162% | $3.2M | $8.0M | 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 | 1.1720 | −0.043% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1711 | −0.119% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1735 | +0.085% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1709 | −0.136% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDTlong | +0.0100% | 4h | 1.1725 | long leg | — | $16.5M | — | |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1735 | +0.085% | $99K | $212K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1712 | −0.114% | $2.3M | $837K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1760 | +0.299% | $39K | $684K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1729 | +0.034% | $92K | $843K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1705 | −0.173% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0132% | 4h | 1.1753 | +0.239% | $1.1M | $253K | 75x | as long as short |
| Nado ZRO-PERP | +0.0215% | 1h | 1.1720 | −0.045% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1724 | −0.006% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0371% | 1h | 1.1713 | −0.099% | $251K | $407K | 25x | as long as short |
| Extended ZRO-USD | +0.0992% | 1h | 1.1698 | −0.230% | $784K | $593K | 10x | as long as short |
| Injective ZRO/USDC PERPshort | +0.1213% | 1h | 1.1780 | +0.469% | $12K | $260K | 12x |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
Backpack ZRO_USDC_PERP
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
Extended ZRO-USD