ZRO

Alert

Funding spread now, next payment 18:00 UTC−0.0661%/8h

next payment, per $10,000−$0.83paid, last 24h−0.045%paid, last 5 days−0.232%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.232% in total (about -16.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.83 per $10,000. 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	1.1622	0.0664	pay 0.0083% / 1h	4m 49s	$768K	$542K	10x
Short	dYdX ZRO-USD	1.1641	0.0003	get 0.0000% / 1h	4m 49s	$21K	$2K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee dYdXbpOrdersRate

Funding earned: −$138.88
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$153.88
Break-even: never at this rate

Slippage unknown: Extended: live order book, 25 min ago; dYdX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.160%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 25 min ago	11.09 bp	48.8 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Backpack ZRO_USDC_PERP	−0.0416%	1h	$91K	$201K	20x	as long as short
01 Exchange ZROUSD	−0.0104%	1h	$7K	$3K	5x	as long as short
OKX ZRO-USDT-SWAP	−0.0024%	4h	$3.2M	$8.1M	20x	as long as short
dYdX ZRO-USDshort	+0.0003%	1h	$21K	$2K	5x
Orderly PERP_ZRO_USDC	+0.0035%	4h	$20K	$7K	10x	as long as short
Bybit ZROUSDT	+0.0055%	4h	$18.0M	$17.6M	50x	as long as short
BloFin ZRO-USDT	+0.0080%	4h	$1.1M	$273K	75x	as long as short
Kraken Futures PF_ZROUSD	+0.0098%	1h	$256K	$578K	25x	as long as short
Hyperliquid ZRO	+0.0100%	1h	$37.6M	$8.1M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	$156K	$158K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica ZRO	+0.0100%	1h	$140K	$218K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	$22.3M	$35.5M	75x	as long as short
Gate ZRO_USDT	+0.0100%	4h	$1.3M	$2.2M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	$17.7M	$3.9M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	$2.5M	$1.5M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	$2.7M	$2.8M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	—	$9.2M	—	as long as short
Variational Omni ZRO	+0.0100%	4h	$2.2M	$904K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	$37K	$682K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	$79K	$944K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	$21K	—	3x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0292% / S −0.2341%	1h	$3K	—	100x	as long as short
Nado ZRO-PERP	+0.0304%	1h	$1.3M	$134K	5x	as long as short
Lighter ZRO	+0.0336%	1h	$4.7M	$1.3M	5x	as long as short
Extended ZRO-USDlong	+0.0664%	1h	$768K	$542K	10x
Injective ZRO/USDC PERP	+0.1291%	1h	$12K	$124K	12x	as long as short