ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0308%/8h= −33.7% APRnext payment −$0.38 per $10,000 · paid last 24h −0.187%

Price spread now: ApeX Omni against Extended+0.158%92s7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$865as 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−$8468.457% of the position

Long on Extended Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.195%−$20 on $10k

Price spread, last 4 days (all we have)+0.132%+$13 · spread now +0.158%, 7d avg +0.063%

Together, before fees−0.063%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.095% dearer against Extended than usual: you sell high and buy low (spread +0.158% now, against its 7-day average of +0.063%): +$9 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.195% in total) that is about 3.4 days. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.195% in total (about -10.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.38 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ZRO-USD	1.1791	0.0408	pay 0.0051% / 1h	47m 47s	$802K	$654K	10x
Short	ApeX Omni ZROUSDT	1.1810	0.0100	get 0.0013% / 1h	47m 47s	$40K	$670K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Extended. 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 ExtendedbpFee ApeX OmnibpOrdersPrice spread, now +0.158%Rate

Funding earned: −$64.68
Price spread: +0.158% → +0.063%: $9.49
Slippage, 4 orders: −$830.69
Fee Extended: 2.5 bp × 2 orders: −$5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$900.88
Costs to cover: 8.457%
Break-even: never at this rate

Slippage from Extended: live order book, 63 min ago; ApeX Omni: 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 Extended live order book, 63 min ago	13.96 bp	782.0 bp −$782	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 63 min ago	12.73 bp	23.3 bp −$23	123.3 bp −$1,233	doesn't fit	doesn't fit

ZRO on 26 exchanges

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
Injective ZRO/USDC PERP	−0.0774%	1h	1.1760	−0.266%	$12K	$257K	12x	as long as short
Kraken Futures PF_ZROUSD	−0.0531%	1h	1.1791	+0.001%	$268K	$211K	25x	as long as short
01 Exchange ZROUSD	−0.0112%	1h	1.1769	−0.187%	$4K	$5K	5x	as long as short
Bybit ZROUSDT	−0.0100%	4h	1.1780	−0.097%	$18.1M	$11.7M	50x	as long as short
Orderly PERP_ZRO_USDC	−0.0023%	4h	1.1785	−0.054%	$20K	$2K	10x	as long as short
OKX ZRO-USDT-SWAP	−0.0001%	4h	1.1789	−0.020%	$3.2M	$7.4M	20x	as long as short
dYdX ZRO-USD	0.0000%	1h	1.1792	+0.009%	$21K	$5K	5x	as long as short
Variational Omni ZRO	+0.0083%	4h	1.1785	−0.050%	$2.3M	$732K	—	as long as short
Lighter ZRO	+0.0096%	1h	1.1806	+0.124%	$4.4M	$1.1M	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1803	+0.098%	$37.3M	$5.0M	5x	as long as short

Show all 26 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZROUSDT	+0.0100%	4h	1.1793	+0.013%	$159K	$124K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1786	−0.049%	$136K	$142K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1789	−0.024%	$22.0M	$26.7M	75x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1790	−0.012%	$1.3M	$1.1M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1794	+0.022%	$9.5M	$2.4M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1790	−0.012%	$2.3M	$2.3M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1793	+0.014%	$2.8M	$2.3M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1787	−0.037%	—	$25.2M	—	as long as short
ApeX Omni ZROUSDTshort	+0.0100%	1h	1.1810	+0.158%	$40K	$670K	50x
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1786	−0.046%	$100K	$728K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1780	−0.097%	$21K	—	3x	as long as short
BloFin ZRO-USDT	+0.0139%	4h	1.1797	+0.048%	$1.1M	$142K	75x	as long as short
Nado ZRO-PERP	+0.0205%	1h	1.1782	−0.077%	$1.3M	$121K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0293% / S −0.2341%	1h	1.1786	−0.044%	$3K	—	100x	as long as short
Extended ZRO-USDlong	+0.0408%	1h	1.1791	long leg	$802K	$654K	10x
Backpack ZRO_USDC_PERP	+0.0516%	1h	1.1789	−0.020%	$93K	$215K	20x	as long as short