Funding you earn now, next payment 04:00 UTC+0.1086%/8h= +118.9% APRpaid last 24h +0.148%
Price spread now: Injective against Variational Omni+0.488%7-day average +0.057% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−1.289%−$129 · spread now +0.488%, 7d avg +0.057%
=Together, before fees−1.290%+ Points / potential airdropVariational Omni: Active · farm board−$129 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Injective is 0.431% dearer against Variational Omni than usual: you sell high and buy low: +$43 more if the spread goes back to its 7-day average of +0.057%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.001% in total (about -0.1% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ZRO | 1.1713 | 0.0100 | pay 0.0050% / 4h | 21m 07s | $2.3M | $810K | — |
| Short | Injective ZRO/USDC PERP | 1.1770 | 0.1186 | get 0.0148% / 1h | 21m 07s | $12K | $260K | 12x |
Variational Omni ZRO
Injective ZRO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Variational Omni. 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
- $228.05
- Price spread: +0.488% → +0.057%
- $43.13
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $271.16
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Injective: live order book, 38 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 Variational Omni RFQ quote, 3 min ago | 3.58 bp | doesn't fit | 43.1 bp −$431 | doesn't fit | doesn't fit |
| Sell Injective live order book, 38 min ago | 34.28 bp | 45.0 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0018% | 1h | 1.1728 | +0.128% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0037% | 4h | 1.1717 | +0.036% | $21K | $5K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1738 | +0.215% | $4.4M | $1.2M | 5x | as long as short |
| 01 Exchange ZROUSD | +0.0096% | 1h | 1.1721 | +0.065% | $7K | $3K | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1730 | +0.149% | $158K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1720 | +0.064% | $136K | $177K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1721 | +0.073% | $22.0M | $29.9M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1707 | −0.050% | $17.9M | $13.8M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1714 | +0.010% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1720 | +0.061% | $1.3M | $1.5M | 75x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
01 Exchange ZROUSD
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 | 1.1721 | +0.070% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1727 | +0.121% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1711 | −0.016% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1716 | +0.027% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1717 | +0.036% | $96K | $217K | 20x | as long as short |
| Variational Omni ZROlong | +0.0100% | 4h | 1.1713 | long leg | $2.3M | $810K | — | |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1760 | +0.403% | $39K | $670K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1724 | +0.095% | $100K | $851K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1715 | +0.016% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0140% | 4h | 1.1716 | +0.027% | $1.1M | $249K | 75x | as long as short |
| Nado ZRO-PERP | +0.0203% | 1h | 1.1717 | +0.034% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1714 | +0.009% | $3K | — | 100x | as long as short |
| Hyperliquid ZRO | +0.0355% | 1h | 1.1731 | +0.155% | $37.1M | $5.5M | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0379% | 1h | 1.1732 | +0.162% | $258K | $399K | 25x | as long as short |
| Injective ZRO/USDC PERPshort | +0.1186% | 1h | 1.1770 | +0.488% | $12K | $260K | 12x | |
| Extended ZRO-USD | +0.1192% | 1h | 1.1713 | +0.004% | $784K | $589K | 10x | as long as short |
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Hyperliquid ZRO
Kraken Futures PF_ZROUSD
Extended ZRO-USD