Funding you earn now, next payment 01:00 UTC−0.1404%/8h= −153.7% APRpaid last 24h −0.141%
Price spread now: OKX against Extended−0.060%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$823as in the Funding arb table
Net, price: spread back to 7d avg − costs−$810as in the Price arb table
costs, in and out, $10k−$8038.031% of the position
Funding, last 7 days−0.195%−$20 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.060%, 7d avg +0.009%
=Together, before fees−0.175%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$42 a day on $10k at the current rate, and OKX is 0.069% cheaper against Extended than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.009%). Swap the legs.
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. 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 | 1.1757 | 0.1504 | pay 0.0188% / 1h | 51m 44s | $784K | $589K | 10x |
| Short | OKX ZRO-USDT-SWAP | 1.1750 | 0.0100 | get 0.0050% / 4h | 3h 51m | $3.2M | $8.1M | 20x |
Extended ZRO-USD
OKX ZRO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$294.84
- Price spread: −0.060% → +0.009%
- −$6.85
- Slippage, 4 orders
- −$788.05
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$1,104.74
- Costs to cover
- 8.031%
- Break-even
- never at this rate
Slippage from Extended: live order book, 21 min ago; OKX: 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, 21 min ago | 13.16 bp | 747.4 bp −$747 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.27 bp | 11.9 bp −$12 | 81.6 bp −$816 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni ZROUSDT | −0.0347% | 1h | 1.1790 | +0.281% | $37K | $687K | 50x | as long as short |
| Gate ZRO_USDT | −0.0196% | 4h | 1.1740 | −0.145% | $1.3M | $1.5M | 75x | as long as short |
| 01 Exchange ZROUSD | −0.0192% | 1h | 1.1784 | +0.227% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | +0.0002% | 1h | 1.1757 | −0.002% | $21K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0012% | 4h | 1.1762 | +0.043% | $21K | $7K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0067% | 4h | 1.1771 | +0.119% | $1.1M | $256K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1757 | +0.002% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1754 | −0.026% | $37.2M | $5.9M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1771 | +0.116% | $157K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1750 | −0.060% | $136K | $172K | 5x | as long as short |
ApeX Omni ZROUSDT
Gate ZRO_USDT
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZROShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ZROUSDT | +0.0100% | 4h | 1.1752 | −0.043% | $22.1M | $30.5M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1745 | −0.102% | $17.9M | $14.3M | 50x | as long as short |
| OKX ZRO-USDT-SWAPshort | +0.0100% | 4h | 1.1750 | −0.060% | $3.2M | $8.1M | 20x | |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1752 | −0.043% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1747 | −0.085% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1741 | −0.136% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1748 | −0.077% | — | $10.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1797 | +0.344% | $2.3M | $876K | — | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1784 | +0.230% | $91K | $830K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1768 | +0.097% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0214% | 1h | 1.1778 | +0.178% | $1.3M | $123K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1782 | +0.213% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0302% | 1h | 1.1767 | +0.083% | $252K | $412K | 25x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0478% | 1h | 1.1763 | +0.051% | $99K | $205K | 20x | as long as short |
| Injective ZRO/USDC PERP | +0.1190% | 1h | 1.1830 | +0.621% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USDlong | +0.1504% | 1h | 1.1757 | long leg | $784K | $589K | 10x |
Binance ZROUSDT
Bybit ZROUSDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Backpack ZRO_USDC_PERP
Injective ZRO/USDC PERP