Funding you earn now, next payment 07:00 UTC−0.1217%/8h= −133.3% APRpaid last 24h −0.150%
Price spread now: Variational Omni against Injective−0.367%61s7-day average −0.068% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.026%−$3 on $10k
+Price spread, last 4 days (all we have)+0.903%+$90 · spread now −0.367%, 7d avg −0.068%
=Together, before fees+0.876%+ Points / potential airdropVariational Omni: Active · farm board+$88 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 0.299% cheaper against Injective than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.068%). Swap the legs. The two prices were read 61 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 4 days it paid -0.026% in total (about -2.7% 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 | Injective ZRO/USDC PERP | 1.1760 | 0.1317 | pay 0.0165% / 1h | 56m 18s | $12K | $261K | 12x |
| Short | Variational Omni ZRO | 1.1717 | 0.0100 | get 0.0050% / 4h | 1h 56m | $2.3M | $812K | — |
Injective ZRO/USDC PERP
Variational Omni ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational 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
- −$255.6
- Price spread: −0.367% → −0.068%
- −$29.94
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$285.56
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Injective: live order book, 53 min ago; Variational Omni: RFQ quote, 3 min ago. 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 Injective live order book, 53 min ago | 21.40 bp | 21.4 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 4.43 bp | doesn't fit | 48.4 bp −$484 | 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 | 0.0000% | 1h | 1.1700 | −0.509% | $21K | $5K | 5x | as long as short |
| 01 Exchange ZROUSD | +0.0056% | 1h | 1.1692 | −0.581% | $4K | $5K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0062% | 4h | 1.1709 | −0.434% | $1.0M | $253K | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0077% | 4h | 1.1685 | −0.638% | $20K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1721 | −0.336% | $4.4M | $1.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1704 | −0.474% | $158K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1696 | −0.544% | $138K | $174K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1688 | −0.612% | $21.8M | $29.4M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1684 | −0.646% | $17.9M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1684 | −0.646% | $3.2M | $7.8M | 20x | as long as short |
dYdX ZRO-USD
01 Exchange ZROUSD
BloFin ZRO-USDT
Orderly PERP_ZRO_USDC
Lighter 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 | 1.1680 | −0.680% | $1.3M | $1.4M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1694 | −0.561% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1706 | −0.459% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1684 | −0.646% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1682 | −0.663% | — | $16.6M | — | as long as short |
| Variational Omni ZROshort | +0.0100% | 4h | 1.1717 | −0.367% | $2.3M | $812K | — | |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1720 | −0.340% | $39K | $672K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1696 | −0.544% | $99K | $819K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1697 | −0.534% | $21K | — | 3x | as long as short |
| Hyperliquid ZRO | +0.0111% | 1h | 1.1706 | −0.461% | $37.1M | $5.5M | 5x | as long as short |
| Nado ZRO-PERP | +0.0210% | 1h | 1.1686 | −0.625% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1684 | −0.643% | $3K | — | 100x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0316% | 1h | 1.1709 | −0.434% | $96K | $222K | 20x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0514% | 1h | 1.1691 | −0.583% | $253K | $333K | 25x | as long as short |
| Extended ZRO-USD | +0.0872% | 1h | 1.1680 | −0.678% | $803K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERPlong | +0.1317% | 1h | 1.1760 | long leg | $12K | $261K | 12x |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Hyperliquid ZRO
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Backpack ZRO_USDC_PERP
Kraken Futures PF_ZROUSD
Extended ZRO-USD