Funding you earn now, next payment 03:00 UTC+0.1002%/8h= +109.7% APRnext payment +$1.25 per $10,000 · paid last 24h +0.148%
Price spread now: Injective against Polymarket Perps+0.591%51s7-day average −0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$950.949% of the position
Funding, last 7 days−0.089%−$9 on $10k
+Price spread, last 4 days (all we have)−2.035%−$204 · spread now +0.591%, 7d avg −0.066%
=Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Injective is 0.657% dearer against Polymarket Perps than usual: you sell high and buy low: +$66 more if the spread goes back to its 7-day average of −0.066%. Mind the row above: over the last 7 days funding on this pair cost −0.089%, so the current rate has only just turned in your favour. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.089% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.25 per $10,000. 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 | Polymarket Perps ZRO-USD | 1.1681 | 0.0100 | pay 0.0013% / 1h | 8m 05s | $98K | $846K | 5x |
| Short | Injective ZRO/USDC PERP | 1.1750 | 0.1102 | get 0.0138% / 1h | 8m 05s | $12K | $260K | 12x |
Polymarket Perps ZRO-USD
Injective ZRO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Polymarket Perps. 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
- $210.45
- Price spread: +0.591% → −0.066%
- $65.71
- Slippage, 4 orders
- −$86.88
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $181.26
- Costs to cover
- 0.949%
- Break-even
- 1.0 days
Slippage from Polymarket Perps: live order book, 15 min ago; Injective: live order book, 56 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 Polymarket Perps live order book, 15 min ago | 3.83 bp | 7.8 bp −$8 | 11.0 bp −$110 | doesn't fit | doesn't fit |
| Sell Injective live order book, 56 min ago | 34.19 bp | 44.8 bp −$45 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZROUSD | −0.0240% | 1h | 1.1679 | −0.015% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0037% | 4h | 1.1676 | −0.043% | $20K | $5K | 10x | as long as short |
| dYdX ZRO-USD | +0.0046% | 1h | 1.1685 | +0.038% | $21K | $3K | 5x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1696 | +0.125% | $4.4M | $1.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1684 | +0.028% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1683 | +0.018% | $136K | $177K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1662 | −0.159% | $21.8M | $29.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1658 | −0.197% | $17.8M | $13.9M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1667 | −0.120% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1670 | −0.094% | $1.3M | $1.5M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1674 | −0.060% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1676 | −0.043% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1658 | −0.197% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1666 | −0.128% | — | $16.4M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1675 | −0.051% | $96K | $194K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1699 | +0.152% | $2.3M | $810K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1730 | +0.419% | $39K | $673K | 50x | as long as short |
| Polymarket Perps ZRO-USDlong | +0.0100% | 1h | 1.1681 | long leg | $98K | $846K | 5x | |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1678 | −0.028% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0120% | 4h | 1.1678 | −0.026% | $1.1M | $248K | 75x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0198% | 1h | 1.1685 | +0.032% | $257K | $407K | 25x | as long as short |
| Nado ZRO-PERP | +0.0216% | 1h | 1.1673 | −0.072% | $1.3M | $124K | 5x | as long as short |
| Hyperliquid ZRO | +0.0265% | 1h | 1.1687 | +0.051% | $37.0M | $5.4M | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1676 | −0.042% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0856% | 1h | 1.1671 | −0.085% | $780K | $591K | 10x | as long as short |
| Injective ZRO/USDC PERPshort | +0.1102% | 1h | 1.1750 | +0.591% | $12K | $260K | 12x |
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Aevo ZRO-PERP
BloFin ZRO-USDT
Kraken Futures PF_ZROUSD
Nado ZRO-PERP
Hyperliquid ZRO
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD