ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.44 per $10,000 · paid last 24h −0.001%

Price spread now: OKX against Orderly−0.026%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 OKX

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. OKX is 0.026% cheaper against Orderly than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 23 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ZRO_USDC	1.1723	0.0012	pay 0.0006% / 4h	3h 49m	$21K	$7K	10x
Short	OKX ZRO-USDT-SWAP	1.1720	0.0100	get 0.0050% / 4h	3h 49m	$3.2M	$8.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.026%Rate

Funding earned: $18.38
Price spread: −0.026% → 0.000%: −$2.56
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$0.18
Costs to cover: 0.160%
Break-even: 7.1 days

Slippage unknown: Orderly: no order-book sample; OKX: 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 OKX live order book, 3 min ago	1.27 bp	11.9 bp −$12	81.6 bp −$816	doesn't fit	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
Gate ZRO_USDT	−0.0212%	4h	1.1710	−0.111%	$1.3M	$1.5M	75x	as long as short
01 Exchange ZROUSD	−0.0168%	1h	1.1727	+0.038%	$7K	$3K	5x	as long as short
ApeX Omni ZROUSDT	−0.0065%	1h	1.1780	+0.486%	$37K	$688K	50x	as long as short
Orderly PERP_ZRO_USDClong	+0.0012%	4h	1.1723	long leg	$21K	$7K	10x
dYdX ZRO-USD	+0.0013%	1h	1.1726	+0.028%	$21K	$3K	5x	as long as short
Lighter ZRO	+0.0096%	1h	1.1728	+0.041%	$4.4M	$1.5M	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1728	+0.043%	$37.1M	$5.9M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1736	+0.109%	$157K	$149K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1726	+0.022%	$136K	$172K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1723	+0.002%	$22.0M	$30.5M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZROUSDT	+0.0100%	4h	1.1713	−0.085%	$17.9M	$14.3M	50x	as long as short
OKX ZRO-USDT-SWAPshort	+0.0100%	4h	1.1720	−0.026%	$3.2M	$8.1M	20x
MEXC ZRO_USDT	+0.0100%	4h	1.1720	−0.026%	$19.0M	$2.7M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1728	+0.043%	$2.4M	$1.9M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1712	−0.094%	$2.7M	$2.4M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1717	−0.051%	—	$14.7M	—	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1734	+0.091%	$2.3M	$874K	—	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1734	+0.094%	$91K	$830K	5x	as long as short
BloFin ZRO-USDT	+0.0102%	4h	1.1751	+0.239%	$1.1M	$256K	75x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1738	+0.126%	$21K	—	3x	as long as short
Nado ZRO-PERP	+0.0256%	1h	1.1728	+0.044%	$1.3M	$123K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0291% / S −0.2341%	1h	1.1731	+0.065%	$3K	—	100x	as long as short
Kraken Futures PF_ZROUSD	+0.0303%	1h	1.1733	+0.081%	$252K	$412K	25x	as long as short
Backpack ZRO_USDC_PERP	+0.0356%	1h	1.1728	+0.043%	$99K	$206K	20x	as long as short
Injective ZRO/USDC PERP	+0.1190%	1h	1.1800	+0.657%	$12K	$260K	12x	as long as short
Extended ZRO-USD	+0.1488%	1h	1.1718	−0.041%	$780K	$589K	10x	as long as short