Funding you earn now, next payment 07:00 UTC−0.0468%/8h= −51.3% APRnext payment −$0.59 per $10,000 · paid last 24h −0.137%
Price spread now: Nado against Extended+0.004%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$285as in the Price arb table
costs, in and out, $10k−$2822.816% of the position
Funding, last 3 days (all we have)−0.107%−$11 on $10k
+Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.004%, 7d avg +0.036%
=Together, before fees−0.177%+ Points / potential airdropExtended: Active · Nado: Active · farm board−$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Nado is 0.032% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.036%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.107% in total (about -11.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.59 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 | 1.1676 | 0.0744 | pay 0.0093% / 1h | 13m 01s | $799K | $626K | 10x |
| Short | Nado ZRO-PERP | 1.1676 | 0.0276 | get 0.0034% / 1h | 13m 01s | $1.3M | $127K | 5x |
Extended ZRO-USD
Nado ZRO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$98.35
- Price spread: +0.004% → +0.036%
- −$3.19
- Slippage, 4 orders
- −$269.61
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$383.14
- Costs to cover
- 2.816%
- Break-even
- never at this rate
Slippage from Extended: live order book, 30 min ago; Nado: live order book, 1 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, 30 min ago | 4.69 bp | 251.2 bp −$251 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 1 min ago | 1.71 bp | 11.6 bp −$12 | 28.5 bp −$285 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0030% | 1h | 1.1666 | −0.085% | $21K | $5K | 5x | as long as short |
| 01 Exchange ZROUSD | +0.0064% | 1h | 1.1680 | +0.041% | $4K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0093% | 4h | 1.1675 | −0.005% | $20K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1694 | +0.156% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1681 | +0.046% | $37.0M | $5.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1674 | −0.016% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1670 | −0.048% | $137K | $171K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1674 | −0.016% | $21.8M | $29.0M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1672 | −0.031% | $17.9M | $13.3M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1677 | +0.012% | $3.2M | $7.7M | 20x | as long as short |
dYdX ZRO-USD
01 Exchange ZROUSD
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 | 1.1670 | −0.048% | $1.3M | $1.4M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1670 | −0.048% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1676 | +0.003% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1668 | −0.065% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1672 | −0.031% | — | $16.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1656 | −0.164% | $2.3M | $795K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1670 | −0.048% | $39K | $671K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1680 | +0.037% | $99K | $817K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0102% | 4h | 1.1669 | −0.057% | $1.0M | $202K | 75x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1675 | −0.004% | $21K | — | 3x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0221% | 1h | 1.1678 | +0.020% | $95K | $216K | 20x | as long as short |
| Nado ZRO-PERPshort | +0.0276% | 1h | 1.1676 | +0.004% | $1.3M | $127K | 5x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1675 | −0.006% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0515% | 1h | 1.1685 | +0.076% | $254K | $298K | 25x | as long as short |
| Extended ZRO-USDlong | +0.0744% | 1h | 1.1676 | long leg | $799K | $626K | 10x | |
| Injective ZRO/USDC PERP | +0.1317% | 1h | 1.1740 | +0.551% | $12K | $261K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
BloFin ZRO-USDT
Aevo ZRO-PERP
Backpack ZRO_USDC_PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP