ZRO

Alert

Funding spread now, next payment 18:00 UTC−0.0465%/8h

paid, last 24h−0.022%paid, last 7 days−0.170%to open and close $10k−$26

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.170% in total (about -8.9% 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	MEXC ZRO_USDT	1.1666	0.0100	pay 0.0050% / 4h	2h 22m	$17.8M	$3.9M	125x
Short	Backpack ZRO_USDC_PERP	1.1676	−0.0365	pay 0.0046% / 1h	22m 57s	$91K	$202K	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee BackpackbpOrdersRate

Funding earned: −$97.66
Slippage, 4 orders: −$15.65
Fee MEXC: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$123.31
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Backpack: live order book, 17 min ago.

Price risk

price view

Price gap now: +0.086%
Avg gap 7d: +0.007%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 MEXC live order book, 2 min ago	0.86 bp	5.8 bp −$6	35.3 bp −$353	80.7 bp −$8,068	432.6 bp −$216.3K
Sell Backpack live order book, 17 min ago	0.43 bp	8.2 bp −$8	doesn't fit	doesn't fit	doesn't fit

ZRO on 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Backpack ZRO_USDC_PERPshort	−0.0365%	1h	$91K	$202K	20x
01 Exchange ZROUSD	0.0000%	1h	$7K	$3K	5x	as long as short
dYdX ZRO-USD	+0.0004%	1h	$21K	$2K	5x	as long as short
Orderly PERP_ZRO_USDC	+0.0007%	4h	$20K	$7K	10x	as long as short
OKX ZRO-USDT-SWAP	+0.0062%	4h	$3.2M	$8.0M	20x	as long as short
Kraken Futures PF_ZROUSD	+0.0098%	1h	$257K	$575K	25x	as long as short
Hyperliquid ZRO	+0.0100%	1h	$37.9M	$8.0M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	$156K	$157K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	$140K	$219K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	$22.4M	$35.3M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit ZROUSDT	+0.0100%	4h	$18.0M	$17.6M	50x	as long as short
Gate ZRO_USDT	+0.0100%	4h	$1.3M	$2.2M	75x	as long as short
MEXC ZRO_USDTlong	+0.0100%	4h	$17.8M	$3.9M	125x
KuCoin ZROUSDTM	+0.0100%	4h	$2.5M	$1.5M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	$2.7M	$2.8M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	—	$9.2M	—	as long as short
Variational Omni ZRO	+0.0100%	4h	$2.2M	$894K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	$37K	$681K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	$79K	$941K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	$21K	—	3x	as long as short
BloFin ZRO-USDT	+0.0148%	4h	$1.1M	$273K	75x	as long as short
Nado ZRO-PERP	+0.0278%	1h	$1.3M	$134K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0281% / S −0.2124%	1h	$3K	—	100x	as long as short
Lighter ZRO	+0.0432%	1h	$4.7M	$1.3M	5x	as long as short
Extended ZRO-USD	+0.0512%	1h	$773K	$535K	10x	as long as short
Injective ZRO/USDC PERP	+0.1291%	1h	$12K	$124K	12x	as long as short