Funding you earn now, next payment 06:00 UTC+0.1243%/8h= +136.2% APRpaid last 24h +0.149%
Price spread now: Injective against Gate+0.690%54s7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1401.403% of the position
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 4 days (all we have)−1.377%−$138 · spread now +0.690%, 7d avg +0.004%
=Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Injective is 0.686% dearer against Gate than usual: you sell high and buy low: +$69 more if the spread goes back to its 7-day average of +0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.151%, so the current rate has only just turned in your favour. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.151% in total (about -7.9% 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 | Gate ZRO_USDT | 1.1590 | 0.0100 | pay 0.0050% / 4h | 2h 34m | $1.3M | $1.5M | 75x |
| Short | Injective ZRO/USDC PERP | 1.1670 | 0.1343 | get 0.0168% / 1h | 34m 23s | $12K | $260K | 12x |
Gate ZRO_USDT
Injective ZRO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Gate. 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
- $261.13
- Price spread: +0.690% → +0.004%
- $68.63
- Slippage, 4 orders
- −$125.32
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $189.43
- Costs to cover
- 1.403%
- Break-even
- 1.9 days
Slippage from Gate: live order book, 3 min ago; Injective: live order book, 15 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 Gate live order book, 3 min ago | 8.62 bp | 30.4 bp −$30 | 69.7 bp −$697 | doesn't fit | doesn't fit |
| Sell Injective live order book, 15 min ago | 21.40 bp | 57.8 bp −$58 | doesn't fit | 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 | +0.0011% | 1h | 1.1598 | +0.070% | $21K | $5K | 5x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0030% | 1h | 1.1636 | +0.397% | $93K | $218K | 20x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0062% | 4h | 1.1585 | −0.043% | $20K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1627 | +0.318% | $4.3M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1598 | +0.072% | $36.8M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1613 | +0.202% | $156K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1596 | +0.055% | $136K | $176K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1581 | −0.077% | $21.7M | $29.5M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1583 | −0.060% | $17.8M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1589 | −0.009% | $3.2M | $7.7M | 20x | as long as short |
dYdX ZRO-USD
Backpack ZRO_USDC_PERP
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_USDTlong | +0.0100% | 4h | 1.1590 | long leg | $1.3M | $1.5M | 75x | |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1585 | −0.043% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1600 | +0.086% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1579 | −0.095% | $2.6M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1585 | −0.043% | — | $16.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1599 | +0.075% | $2.2M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1590 | 0.000% | $39K | $678K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1593 | +0.026% | $101K | $817K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1580 | −0.086% | $20K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0122% | 4h | 1.1642 | +0.449% | $1.1M | $249K | 75x | as long as short |
| 01 Exchange ZROUSD | +0.0152% | 1h | 1.1589 | −0.012% | $4K | $5K | 5x | as long as short |
| Nado ZRO-PERP | +0.0182% | 1h | 1.1587 | −0.023% | $1.3M | $127K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1589 | −0.013% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0706% | 1h | 1.1657 | +0.577% | $254K | $336K | 25x | as long as short |
| Extended ZRO-USD | +0.0944% | 1h | 1.1588 | −0.019% | $795K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERPshort | +0.1343% | 1h | 1.1670 | +0.690% | $12K | $260K | 12x |
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
01 Exchange ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD