ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0129%/8h= −14.2% APRnext payment −$0.65 per $10,000 · paid last 24h −0.036%

Price spread now: Orderly against BingX+0.085%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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. Orderly is 0.085% dearer against BingX than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZRO-USDT	1.1834	0.0100	pay 0.0050% / 4h	1h 13m	—	$10.7M	—
Short	Orderly PERP_ZRO_USDC	1.1844	−0.0029	pay 0.0015% / 4h	1h 13m	$21K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BingX. 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 BingXbpFee OrderlybpOrdersPrice spread, now +0.085%Rate

Funding earned: −$27.17
Price spread: +0.085% → 0.000%: $8.45
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$34.72
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 5 min ago; 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 BingX live order book, 5 min ago	2.12 bp	7.9 bp −$8	11.1 bp −$111	21.5 bp −$2,150	47.8 bp −$23.9K
Sell Orderly no order-book sample	—	—	—	—	—

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 ZROUSD	−0.0456%	1h	1.1833	−0.004%	$7K	$3K	5x	as long as short
Orderly PERP_ZRO_USDCshort	−0.0029%	4h	1.1844	+0.085%	$21K	$7K	10x
Kraken Futures PF_ZROUSD	+0.0059%	1h	1.1852	+0.154%	$254K	$512K	25x	as long as short
BloFin ZRO-USDT	+0.0060%	4h	1.1814	−0.169%	$1.1M	$263K	75x	as long as short
Lighter ZRO	+0.0096%	1h	1.1845	+0.093%	$4.4M	$1.5M	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1856	+0.186%	$37.6M	$6.2M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1850	+0.139%	$158K	$154K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1844	+0.081%	$138K	$183K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1840	+0.050%	$22.2M	$31.6M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1830	−0.034%	$18.1M	$14.8M	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	1.1843	+0.076%	$3.2M	$8.5M	20x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1840	+0.051%	$1.4M	$1.8M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1836	+0.017%	$19.2M	$3.1M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1852	+0.152%	$2.7M	$1.9M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1835	+0.008%	$2.7M	$2.4M	75x	as long as short
BingX ZRO-USDTlong	+0.0100%	4h	1.1834	long leg	—	$10.7M	—
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1851	+0.144%	$101K	$207K	20x	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1793	−0.346%	$2.3M	$868K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1810	−0.203%	$37K	$684K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1850	+0.135%	$89K	$869K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1838	+0.037%	$21K	—	3x	as long as short
dYdX ZRO-USD	+0.0174%	1h	1.1848	+0.117%	$21K	$2K	5x	as long as short
Nado ZRO-PERP	+0.0193%	1h	1.1839	+0.046%	$1.3M	$126K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0292% / S −0.2341%	1h	1.1812	−0.188%	$3K	—	100x	as long as short
Injective ZRO/USDC PERP	+0.0980%	1h	1.1860	+0.220%	$12K	$260K	12x	as long as short
Extended ZRO-USD	+0.2472%	1h	1.1828	−0.051%	$784K	$560K	10x	as long as short