ZRO

Alert

Funding spread now, next payment 16:00 UTC+0.0160%/8h

next payment, per $10,000+$0.80paid, last 24h+0.033%paid, last 3 days+0.008%to open and closeno order book

Long on Orderly Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ZRO_USDC	1.2278	−0.0060	get 0.0030% / 4h	2h 35m	$21K	$7K	10x
Short	Variational Omni ZRO	1.2278	0.0100	get 0.0050% / 4h	2h 35m	$2.4M	$659K	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee Variational OmnibpOrdersRate

Funding earned: $33.56
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $27.56
Break-even: 1.3 days

Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: 0.000%
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 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 5 min ago	3.98 bp	doesn't fit	67.4 bp −$674	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
01 Exchange ZROUSD	−0.0336%	1h	$7K	$3K	5x	as long as short
Kraken Futures PF_ZROUSD	−0.0189%	1h	$277K	$564K	25x	as long as short
Orderly PERP_ZRO_USDClong	−0.0060%	4h	$21K	$7K	10x
OKX ZRO-USDT-SWAP	−0.0027%	4h	$3.4M	$8.2M	20x	as long as short
dYdX ZRO-USD	0.0000%	1h	$22K	$239	5x	as long as short
BloFin ZRO-USDT	+0.0085%	4h	$1.1M	$294K	75x	as long as short
Lighter ZRO	+0.0096%	1h	$5.1M	$980K	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	$40.7M	$6.8M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	$138K	$99K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	$153K	$196K	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance ZROUSDT	+0.0100%	4h	$23.7M	$32.8M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	$19.0M	$16.7M	50x	as long as short
Gate ZRO_USDT	+0.0100%	4h	$1.4M	$2.0M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	$17.8M	$3.7M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	$2.7M	$1.2M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	$2.8M	$2.9M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	—	$8.5M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	$84K	$170K	20x	as long as short
Variational Omni ZROshort	+0.0100%	4h	$2.4M	$659K	—
ApeX Omni ZROUSDT	+0.0100%	1h	$39K	$674K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	$85K	$827K	5x	as long as short
Extended ZRO-USD	+0.0104%	1h	$819K	$255K	10x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	$22K	—	3x	as long as short
Nado ZRO-PERP	+0.0141%	1h	$1.3M	$89K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0410% / S −0.4670%	1h	$6K	—	100x	as long as short
Injective ZRO/USDC PERP	+0.0634%	1h	$13K	$176K	12x	as long as short