Funding you earn now, next payment 06:00 UTC+0.1243%/8h= +136.2% APRpaid last 24h +0.149%
Price spread now: Injective against MEXC+0.704%85s7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as 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−$820.818% of the position
Funding, last 7 days−0.148%−$15 on $10k
+Price spread, last 4 days (all we have)−1.485%−$149 · spread now +0.704%, 7d avg +0.001%
=Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Injective is 0.703% dearer against MEXC than usual: you sell high and buy low: +$70 more if the spread goes back to its 7-day average of +0.001%. Mind the row above: over the last 7 days funding on this pair cost −0.148%, so the current rate has only just turned in your favour. The two prices were read 85 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 -0.148% in total (about -7.7% 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 | MEXC ZRO_USDT | 1.1648 | 0.0100 | pay 0.0050% / 4h | 2h 49m | $19.1M | $2.7M | 125x |
| Short | Injective ZRO/USDC PERP | 1.1730 | 0.1343 | get 0.0168% / 1h | 49m 49s | $12K | $260K | 12x |
MEXC ZRO_USDT
Injective ZRO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against MEXC. 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: +0.704% → +0.001%
- $70.29
- Slippage, 4 orders
- −$81.82
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $249.59
- Costs to cover
- 0.818%
- Break-even
- 0.3 days
Slippage from MEXC: live order book, 4 min ago; Injective: live order book, 64 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 MEXC live order book, 4 min ago | 0.43 bp | 4.6 bp −$5 | 38.6 bp −$386 | 74.1 bp −$7,411 | 340.4 bp −$170.2K |
| Sell Injective live order book, 64 min ago | 29.65 bp | 40.0 bp −$40 | 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 | 0.0000% | 1h | 1.1682 | +0.291% | $21K | $4K | 5x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0030% | 1h | 1.1655 | +0.060% | $94K | $219K | 20x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0059% | 4h | 1.1659 | +0.094% | $20K | $4K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0078% | 4h | 1.1666 | +0.155% | $1.1M | $248K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1678 | +0.258% | $4.3M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1661 | +0.112% | $37.0M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1667 | +0.164% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1677 | +0.252% | $137K | $180K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1649 | +0.009% | $21.8M | $29.6M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1647 | −0.009% | $17.9M | $13.7M | 50x | as long as short |
dYdX ZRO-USD
Backpack ZRO_USDC_PERP
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1650 | +0.017% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1660 | +0.103% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDTlong | +0.0100% | 4h | 1.1648 | long leg | $19.1M | $2.7M | 125x | |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1652 | +0.034% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1655 | +0.060% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1650 | +0.017% | — | $16.6M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1669 | +0.184% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1670 | +0.189% | $39K | $677K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1677 | +0.249% | $99K | $820K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1650 | +0.020% | $21K | — | 3x | as long as short |
| 01 Exchange ZROUSD | +0.0160% | 1h | 1.1679 | +0.266% | $7K | $3K | 5x | as long as short |
| Nado ZRO-PERP | +0.0198% | 1h | 1.1675 | +0.229% | $1.3M | $127K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1664 | +0.141% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0705% | 1h | 1.1666 | +0.154% | $255K | $355K | 25x | as long as short |
| Extended ZRO-USD | +0.1008% | 1h | 1.1650 | +0.014% | $800K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERPshort | +0.1343% | 1h | 1.1730 | +0.704% | $12K | $260K | 12x |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
01 Exchange ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD