Funding you earn now, next payment 04:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.11 per $10,000 · paid last 24h −0.030%
Price spread now: ApeX Omni against Nado−0.074%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$650.647% of the position
Funding, last 3 days (all we have)−0.063%−$6 on $10k
+Price spread, last 4 days (all we have)+0.156%+$16 · spread now −0.074%, 7d avg +0.018%
=Together, before fees+0.093%+ Points / potential airdropNado: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and ApeX Omni is 0.092% cheaper against Nado than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.018%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado ZRO-PERP | 1.1749 | 0.0190 | pay 0.0024% / 1h | 12m 47s | $1.3M | $124K | 5x |
| Short | ApeX Omni ZROUSDT | 1.1740 | 0.0100 | get 0.0013% / 1h | 12m 47s | $39K | $671K | 50x |
Nado ZRO-PERP
ApeX Omni ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Nado. 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
- −$18.92
- Price spread: −0.074% → +0.018%
- −$9.18
- Slippage, 4 orders
- −$47.65
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$92.76
- Costs to cover
- 0.647%
- Break-even
- never at this rate
Slippage from Nado: live order book, 1 min ago; ApeX Omni: live order book, 46 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 Nado live order book, 1 min ago | 1.70 bp | 7.9 bp −$8 | 37.7 bp −$377 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 46 min ago | 12.89 bp | 22.1 bp −$22 | 127.8 bp −$1,278 | 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 | +0.0036% | 1h | 1.1750 | +0.009% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0040% | 4h | 1.1752 | +0.028% | $21K | $5K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1768 | +0.163% | $4.4M | $1.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1757 | +0.070% | $159K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1753 | +0.036% | $137K | $179K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1749 | +0.002% | $22.0M | $29.9M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1743 | −0.049% | $18.0M | $13.9M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1751 | +0.019% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1740 | −0.074% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1750 | +0.011% | $19.3M | $2.7M | 125x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1746 | −0.023% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1749 | +0.002% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1746 | −0.023% | — | $16.4M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1754 | +0.045% | $98K | $218K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1715 | −0.288% | $2.3M | $810K | — | as long as short |
| ApeX Omni ZROUSDTshort | +0.0100% | 1h | 1.1740 | −0.074% | $39K | $671K | 50x | |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1758 | +0.079% | $100K | $851K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1748 | −0.006% | $21K | — | 3x | as long as short |
| 01 Exchange ZROUSD | +0.0112% | 1h | 1.1766 | +0.148% | $7K | $3K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0128% | 4h | 1.1743 | −0.049% | $1.1M | $249K | 75x | as long as short |
| Nado ZRO-PERPlong | +0.0190% | 1h | 1.1749 | long leg | $1.3M | $124K | 5x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1752 | +0.032% | $3K | — | 100x | as long as short |
| Hyperliquid ZRO | +0.0298% | 1h | 1.1763 | +0.121% | $37.2M | $5.5M | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0379% | 1h | 1.1755 | +0.053% | $258K | $397K | 25x | as long as short |
| Extended ZRO-USD | +0.1168% | 1h | 1.1745 | −0.034% | $784K | $589K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1186% | 1h | 1.1780 | +0.266% | $12K | $260K | 12x | as long as short |
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
01 Exchange ZROUSD
BloFin ZRO-USDT
GMX ZRO/USD [ETH-USDC]
Hyperliquid ZRO
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP