Funding you earn now, next payment 01:00 UTC−0.1090%/8h= −119.3% APRnext payment −$1.36 per $10,000 · paid last 24h −0.116%
Price spread now: ApeX Omni against Injective−0.419%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1131.128% of the position
Funding, last 7 days+0.242%+$24 on $10k
+Price spread, last 3 days (all we have)+1.076%+$108 · spread now −0.419%, 7d avg +0.026%
=Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and ApeX Omni is 0.445% cheaper against Injective than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of +0.026%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.242%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.242% in total (about 12.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.36 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 | Injective ZRO/USDC PERP | 1.1920 | 0.1190 | pay 0.0149% / 1h | 4m 34s | $12K | $260K | 12x |
| Short | ApeX Omni ZROUSDT | 1.1870 | 0.0100 | get 0.0013% / 1h | 4m 34s | $37K | $686K | 50x |
Injective ZRO/USDC PERP
ApeX Omni ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Injective. 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
- −$228.81
- Price spread: −0.419% → +0.026%
- −$44.5
- Slippage, 4 orders
- −$102.74
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$386.08
- Costs to cover
- 1.128%
- Break-even
- never at this rate
Slippage from Injective: live order book, 4 min ago; ApeX Omni: live order book, 4 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 Injective live order book, 4 min ago | 33.70 bp | 33.7 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 4 min ago | 8.44 bp | 17.2 bp −$17 | 118.7 bp −$1,187 | 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 | −0.0128% | 1h | 1.1834 | −0.725% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0008% | 4h | 1.1815 | −0.881% | $21K | $6K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1850 | −0.585% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1849 | −0.596% | $37.5M | $5.6M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1834 | −0.719% | $158K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1834 | −0.724% | $137K | $168K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1831 | −0.747% | $22.2M | $30.0M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1826 | −0.789% | $18.1M | $14.0M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1828 | −0.772% | $3.2M | $8.0M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1810 | −0.923% | $1.4M | $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 | 1.1834 | −0.721% | $19.3M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1823 | −0.814% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1834 | −0.721% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1824 | −0.805% | — | $16.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1804 | −0.975% | $2.3M | $847K | — | as long as short |
| ApeX Omni ZROUSDTshort | +0.0100% | 1h | 1.1870 | −0.419% | $37K | $686K | 50x | |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1824 | −0.805% | $93K | $840K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1810 | −0.923% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0110% | 4h | 1.1822 | −0.822% | $1.1M | $257K | 75x | as long as short |
| dYdX ZRO-USD | +0.0178% | 1h | 1.1824 | −0.802% | $21K | $3K | 5x | as long as short |
| Nado ZRO-PERP | +0.0291% | 1h | 1.1815 | −0.881% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1822 | −0.826% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0300% | 1h | 1.1831 | −0.750% | $254K | $407K | 25x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0426% | 1h | 1.1824 | −0.805% | $98K | $207K | 20x | as long as short |
| Extended ZRO-USD | +0.1152% | 1h | 1.1826 | −0.789% | $792K | $600K | 10x | as long as short |
| Injective ZRO/USDC PERPlong | +0.1190% | 1h | 1.1920 | long leg | $12K | $260K | 12x |
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
dYdX ZRO-USD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Backpack ZRO_USDC_PERP
Extended ZRO-USD