Funding you earn now, next payment 07:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.028%
Price spread now: BloFin against Nado+0.030%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$520.518% of the position
Funding, last 3 days (all we have)−0.055%−$5 on $10k
+Price spread, last 4 days (all we have)−0.147%−$15 · spread now +0.030%, 7d avg −0.020%
=Together, before fees−0.202%+ Points / potential airdropNado: Active · farm board−$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.050% dearer against Nado than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.020%): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 3 days (−0.055% in total) that is about 3.2 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.055% in total (about -5.7% 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 | Nado ZRO-PERP | 1.1667 | 0.0279 | pay 0.0035% / 1h | 14m 29s | $1.3M | $127K | 5x |
| Short | BloFin ZRO-USDT | 1.1670 | 0.0091 | get 0.0046% / 4h | 1h 14m | $1.0M | $202K | 75x |
Nado ZRO-PERP
BloFin ZRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$39.45
- Price spread: +0.030% → −0.020%
- $4.99
- Slippage, 4 orders
- −$32.82
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$86.28
- Costs to cover
- 0.518%
- Break-even
- never at this rate
Slippage from Nado: live order book, 4 min ago; BloFin: live order book, 8 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, 4 min ago | 2.56 bp | 9.7 bp −$10 | 39.3 bp −$393 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 8 min ago | 1.71 bp | 12.5 bp −$13 | 27.3 bp −$273 | 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 | +0.0031% | 1h | 1.1666 | −0.007% | $21K | $5K | 5x | as long as short |
| 01 Exchange ZROUSD | +0.0064% | 1h | 1.1669 | +0.022% | $4K | $5K | 5x | as long as short |
| BloFin ZRO-USDTshort | +0.0091% | 4h | 1.1670 | +0.030% | $1.0M | $202K | 75x | |
| Orderly PERP_ZRO_USDC | +0.0093% | 4h | 1.1663 | −0.030% | $20K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1686 | +0.167% | $4.3M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1672 | +0.047% | $37.0M | $5.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1668 | +0.013% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1665 | −0.014% | $137K | $171K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1663 | −0.032% | $21.8M | $29.0M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1658 | −0.073% | $17.8M | $13.3M | 50x | as long as short |
dYdX ZRO-USD
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
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 | 1.1665 | −0.013% | $3.2M | $7.7M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1670 | +0.030% | $1.3M | $1.4M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1661 | −0.047% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1670 | +0.030% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1658 | −0.073% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1662 | −0.039% | — | $16.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1656 | −0.086% | $2.3M | $795K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1680 | +0.116% | $39K | $670K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1671 | +0.038% | $99K | $817K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1658 | −0.074% | $21K | — | 3x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0230% | 1h | 1.1671 | +0.038% | $95K | $217K | 20x | as long as short |
| Nado ZRO-PERPlong | +0.0279% | 1h | 1.1667 | long leg | $1.3M | $127K | 5x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1661 | −0.044% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0515% | 1h | 1.1680 | +0.116% | $254K | $298K | 25x | as long as short |
| Extended ZRO-USD | +0.0744% | 1h | 1.1663 | −0.029% | $799K | $626K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1317% | 1h | 1.1740 | +0.630% | $12K | $261K | 12x | as long as short |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Backpack ZRO_USDC_PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP