ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0131%/8h= +14.3% APRnext payment +$0.66 per $10,000 · paid last 24h +0.036%

Price spread now: MEXC against Orderly−0.025%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. MEXC is 0.025% cheaper against Orderly than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 15 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ZRO_USDC	1.1846	−0.0031	get 0.0016% / 4h	3h 31m	$21K	$7K	10x
Short	MEXC ZRO_USDT	1.1843	0.0100	get 0.0050% / 4h	3h 31m	$18.4M	$3.7M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee MEXCbpOrdersPrice spread, now −0.025%Rate

Funding earned: $27.51
Price spread: −0.025% → 0.000%: −$2.53
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: $18.98
Costs to cover: 0.060%
Break-even: 2.2 days

Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 3 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell MEXC live order book, 3 min ago	0.42 bp	3.4 bp −$3	28.4 bp −$284	83.3 bp −$8,333	doesn't fit

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: 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
OKX ZRO-USDT-SWAP	−0.0186%	4h	1.1854	+0.068%	$3.3M	$9.5M	20x	as long as short
Kraken Futures PF_ZROUSD	−0.0083%	1h	1.1852	+0.047%	$248K	$579K	25x	as long as short
Orderly PERP_ZRO_USDClong	−0.0031%	4h	1.1846	long leg	$21K	$7K	10x
dYdX ZRO-USD	+0.0034%	1h	1.1851	+0.042%	$21K	$2K	5x	as long as short
BloFin ZRO-USDT	+0.0050%	4h	1.1837	−0.076%	$1.1M	$267K	75x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1861	+0.127%	$37.7M	$7.8M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1862	+0.138%	$159K	$165K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1841	−0.041%	$144K	$210K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1855	+0.076%	$22.5M	$35.6M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1848	+0.017%	$18.2M	$16.8M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ZRO_USDT	+0.0100%	4h	1.1840	−0.051%	$1.3M	$2.1M	75x	as long as short
MEXC ZRO_USDTshort	+0.0100%	4h	1.1843	−0.025%	$18.4M	$3.7M	125x
KuCoin ZROUSDTM	+0.0100%	4h	1.1847	+0.008%	$2.5M	$1.5M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1842	−0.034%	$2.7M	$2.7M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1844	−0.017%	—	$10.9M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1850	+0.034%	$91K	$211K	20x	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1785	−0.513%	$2.2M	$897K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1800	−0.388%	$37K	$682K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1851	+0.042%	$83K	$1.0M	5x	as long as short
Extended ZRO-USD	+0.0104%	1h	1.1850	+0.038%	$784K	$561K	10x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1862	+0.138%	$21K	—	3x	as long as short
01 Exchange ZROUSD	+0.0176%	1h	1.1851	+0.039%	$7K	$3K	5x	as long as short
Nado ZRO-PERP	+0.0232%	1h	1.1836	−0.088%	$1.3M	$134K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0291% / S −0.2341%	1h	1.1845	−0.009%	$3K	—	100x	as long as short
Lighter ZRO	+0.0928%	1h	1.1875	+0.243%	$4.8M	$1.1M	5x	as long as short
Injective ZRO/USDC PERP	+0.1022%	1h	1.1890	+0.371%	$12K	$121K	12x	as long as short