Funding you earn now, next payment 01:00 UTC−0.1244%/8h= −136.2% APRpaid last 24h −0.103%
Price spread now: Variational Omni against Extended−0.204%7-day average −0.009% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.109%−$11 on $10k
+Price spread, last 4 days (all we have)+0.370%+$37 · spread now −0.204%, 7d avg −0.009%
=Together, before fees+0.261%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$37 a day on $10k at the current rate, and Variational Omni is 0.194% cheaper against Extended than usual: you would sell low and buy high (−$19 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 3 days it paid -0.109% in total (about -11.9% 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 | 1.1755 | 0.1344 | pay 0.0168% / 1h | 33m 44s | $780K | $589K | 10x |
| Short | Variational Omni ZRO | 1.1731 | 0.0100 | get 0.0050% / 4h | 3h 33m | $2.3M | $866K | — |
Extended ZRO-USD
Variational Omni ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$261.24
- Price spread: −0.204% → −0.009%
- −$19.43
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$285.67
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 39 min ago; Variational Omni: RFQ quote, just now. Net counts fees only.
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, 39 min ago | 13.16 bp | 747.4 bp −$747 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, just now | 4.86 bp | doesn't fit | 41.2 bp −$412 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZROUSD | −0.0096% | 1h | 1.1755 | −0.005% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0011% | 4h | 1.1751 | −0.035% | $21K | $6K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1767 | +0.098% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1764 | +0.075% | $37.3M | $5.8M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1767 | +0.102% | $157K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1756 | +0.009% | $136K | $170K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1757 | +0.016% | $22.1M | $30.3M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1754 | −0.010% | $18.0M | $14.2M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1766 | +0.092% | $3.2M | $8.0M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1750 | −0.044% | $1.3M | $1.5M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1758 | +0.024% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1746 | −0.078% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1752 | −0.027% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1751 | −0.035% | — | $14.7M | — | as long as short |
| Variational Omni ZROshort | +0.0100% | 4h | 1.1731 | −0.204% | $2.3M | $866K | — | |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1730 | −0.214% | $37K | $688K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1763 | +0.067% | $91K | $830K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1749 | −0.054% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0131% | 4h | 1.1744 | −0.095% | $1.1M | $256K | 75x | as long as short |
| dYdX ZRO-USD | +0.0249% | 1h | 1.1748 | −0.063% | $21K | $3K | 5x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0277% | 1h | 1.1758 | +0.024% | $99K | $204K | 20x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1753 | −0.016% | $3K | — | 100x | as long as short |
| Nado ZRO-PERP | +0.0292% | 1h | 1.1752 | −0.027% | $1.3M | $129K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0302% | 1h | 1.1767 | +0.102% | $252K | $410K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.1190% | 1h | 1.1790 | +0.297% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USDlong | +0.1344% | 1h | 1.1755 | long leg | $780K | $589K | 10x |
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
dYdX ZRO-USD
Backpack ZRO_USDC_PERP
GMX ZRO/USD [ETH-USDC]
Nado ZRO-PERP
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP