Funding you earn now, next payment 02:00 UTC−0.0892%/8h= −97.7% APRpaid last 24h −0.114%
Price spread now: Binance against Extended+0.055%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$755as in the Funding arb table
Net, price: spread back to 7d avg − costs−$737as in the Price arb table
costs, in and out, $10k−$7407.400% of the position
Funding, last 7 days−0.150%−$15 on $10k
+Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.055%, 7d avg +0.028%
=Together, before fees−0.218%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.028% dearer against Extended than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of +0.028%): +$3 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.150% in total) that is about 31 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.150% in total (about -7.8% 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 | Extended ZRO-USD | 1.1696 | 0.0992 | pay 0.0124% / 1h | 44m 29s | $784K | $593K | 10x |
| Short | Binance ZROUSDT | 1.1702 | 0.0100 | get 0.0050% / 4h | 2h 44m | $21.9M | $29.9M | 75x |
Extended ZRO-USD
Binance ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Extended. 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
- −$187.32
- Price spread: +0.055% → +0.028%
- $2.78
- Slippage, 4 orders
- −$724.97
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$924.52
- Costs to cover
- 7.400%
- Break-even
- never at this rate
Slippage from Extended: live order book, 24 min ago; Binance: live order book, 12 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, 24 min ago | 11.35 bp | 685.8 bp −$686 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.86 bp | 18.2 bp −$18 | 44.6 bp −$446 | 264.6 bp −$26.5K | 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 | −0.0248% | 1h | 1.1682 | −0.118% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1693 | −0.020% | $21K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0014% | 4h | 1.1684 | −0.098% | $20K | $6K | 10x | as long as short |
| Gate ZRO_USDT | +0.0086% | 4h | 1.1680 | −0.133% | $1.3M | $1.5M | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1712 | +0.139% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1708 | +0.107% | $37.1M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1704 | +0.073% | $157K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1696 | +0.002% | $136K | $168K | 5x | as long as short |
| Binance ZROUSDTshort | +0.0100% | 4h | 1.1702 | +0.055% | $21.9M | $29.9M | 75x | |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1695 | −0.004% | $17.9M | $14.1M | 50x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Gate ZRO_USDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1708 | +0.107% | $3.2M | $8.0M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1698 | +0.021% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1688 | −0.064% | $2.3M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1694 | −0.013% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1691 | −0.039% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1692 | −0.030% | $96K | $213K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1690 | −0.050% | $2.3M | $837K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1730 | +0.295% | $39K | $684K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1710 | +0.124% | $92K | $841K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1675 | −0.175% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0132% | 4h | 1.1753 | +0.492% | $1.1M | $253K | 75x | as long as short |
| Nado ZRO-PERP | +0.0220% | 1h | 1.1704 | +0.069% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1691 | −0.040% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0372% | 1h | 1.1694 | −0.012% | $251K | $407K | 25x | as long as short |
| Extended ZRO-USDlong | +0.0992% | 1h | 1.1696 | long leg | $784K | $593K | 10x | |
| Injective ZRO/USDC PERP | +0.1213% | 1h | 1.1740 | +0.380% | $12K | $260K | 12x | as long as short |
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
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
Injective ZRO/USDC PERP