Funding you earn now, next payment 22:00 UTC+0.1268%/8h= +138.8% APRnext payment +$1.59 per $10,000 · paid last 24h +0.055%
Price spread now: Extended against Backpack−0.053%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,073as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,099as in the Price arb table
costs, in and out, $10k−$2,09820.975% of the position
Funding, last 7 days+0.241%+$24 on $10k
+Price spread, last 4 days (all we have)+0.186%+$19 · spread now −0.053%, 7d avg −0.037%
=Together, before fees+0.427%+ Points / potential airdropExtended: Active · farm board+$43 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: +$38 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.241% in total (about 12.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.59 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 | Backpack ZRO_USDC_PERP | 1.1856 | 0.0100 | pay 0.0013% / 1h | 24m 08s | $93K | $205K | 20x |
| Short | Extended ZRO-USD | 1.1850 | 0.1368 | get 0.0171% / 1h | 24m 08s | $784K | $555K | 10x |
Backpack ZRO_USDC_PERP
Extended ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Backpack. 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
- $266.28
- Price spread: −0.053% → −0.037%
- −$1.57
- Slippage, 4 orders
- −$2,082.51
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$1,832.8
- Costs to cover
- 20.975%
- Break-even
- 55.2 days
Slippage from Backpack: live order book, 64 min ago; Extended: live order book, 64 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 Backpack live order book, 64 min ago | 0.42 bp | 7.3 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 64 min ago | 294.54 bp | 328.8 bp −$329 | 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 | −0.0424% | 1h | 1.1849 | −0.060% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0058% | 4h | 1.1853 | −0.025% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0016% | 1h | 1.1851 | −0.046% | $21K | $2K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0053% | 4h | 1.1845 | −0.093% | $1.1M | $266K | 75x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0083% | 4h | 1.1852 | −0.034% | $3.2M | $9.0M | 20x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1854 | −0.020% | $4.6M | $1.3M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1866 | +0.084% | $37.7M | $6.7M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1848 | −0.065% | $158K | $160K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1848 | −0.064% | $144K | $193K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1848 | −0.063% | $22.4M | $33.3M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
BloFin ZRO-USDT
OKX ZRO-USDT-SWAP
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZROUSDT | +0.0100% | 4h | 1.1839 | −0.143% | $18.2M | $15.6M | 50x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1840 | −0.135% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1849 | −0.059% | $19.1M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1853 | −0.025% | $3.0M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1853 | −0.025% | $2.8M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1849 | −0.059% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERPlong | +0.0100% | 1h | 1.1856 | long leg | $93K | $205K | 20x | |
| Variational Omni ZRO | +0.0100% | 4h | 1.1827 | −0.244% | $2.3M | $862K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1820 | −0.304% | $37K | $680K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1856 | 0.000% | $87K | $922K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1850 | −0.053% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0156% | 1h | 1.1848 | −0.066% | $1.3M | $131K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1854 | −0.018% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0316% | 1h | 1.1863 | +0.063% | $251K | $572K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1880 | +0.202% | $12K | $175K | 12x | as long as short |
| Extended ZRO-USDshort | +0.1368% | 1h | 1.1850 | −0.053% | $784K | $555K | 10x |
Bybit ZROUSDT
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP