data as of
Settings8H · net · $10k
Funding arb /

ZRO

all ZRO markets
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Funding spread now, next payment 19:00 UTC−0.0320%/8h
paid, last 24h−0.044%paid, last 3 days−0.064%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 3 days it paid -0.064% in total (about -7.8% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ZRO-PERP1.18230.0329pay 0.0041% / 1h9m 38s$1.3M$131K5x
ShortOrderly PERP_ZRO_USDC1.18260.0009get 0.0005% / 4h1h 09m$21K$7K10x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$67.17
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$80.17
Break-even
never at this rate
Slippage unknown: Nado: live order book, just now; Orderly: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
+0.027%
Avg gap 7d
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, just now1.69 bp11.2 bp −$1146.1 bp −$461doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZRO on 26 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
01 Exchange ZROUSD−0.0464%1h$7K$3K5xas long as short
OKX ZRO-USDT-SWAP−0.0261%4h$3.2M$8.2M20xas long as short
Kraken Futures PF_ZROUSD−0.0210%1h$258K$569K25xas long as short
Bybit ZROUSDT−0.0069%4h$18.2M$17.0M50xas long as short
dYdX ZRO-USD0.0000%1h$21K$2K5xas long as short
Orderly PERP_ZRO_USDCshort+0.0009%4h$21K$7K10x
Variational Omni ZRO+0.0012%4h$2.3M$900Kas long as short
BloFin ZRO-USDT+0.0069%4h$1.1M$274K75xas long as short
Lighter ZRO+0.0096%1h$4.8M$1.3M5xas long as short
Hyperliquid ZRO+0.0100%1h$37.8M$8.3M5xas long as short
Show all 26 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Aster ZROUSDT+0.0100%4h$158K$160K10xas long as short
Pacifica ZRO+0.0100%1h$142K$210K5xas long as short
Binance ZROUSDT+0.0100%4h$22.4M$35.5M75xas long as short
Gate ZRO_USDT+0.0100%4h$1.4M$2.2M75xas long as short
MEXC ZRO_USDT+0.0100%4h$18.1M$3.8M125xas long as short
KuCoin ZROUSDTM+0.0100%4h$2.6M$1.5M50xas long as short
Bitget ZROUSDT+0.0100%4h$2.7M$2.7M75xas long as short
BingX ZRO-USDT+0.0100%4h$9.1Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h$89K$202K20xas long as short
ApeX Omni ZROUSDT+0.0100%1h$37K$678K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h$79K$916K5xas long as short
Extended ZRO-USD+0.0104%1h$784K$563K10xas long as short
Aevo ZRO-PERP+0.0104%1h$21K3xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0293% / S −0.2341%1h$3K100xas long as short
Nado ZRO-PERPlong+0.0329%1h$1.3M$131K5x
Injective ZRO/USDC PERP+0.1143%1h$12K$124K12xas long as short