Funding you earn now, next payment 02:00 UTC+0.1113%/8h= +121.9% APRpaid last 24h +0.136%
Price spread now: Injective against Binance+0.344%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$1071.068% of the position
Funding, last 7 days−0.205%−$21 on $10k
+Price spread, last 3 days (all we have)−0.993%−$99 · spread now +0.344%, 7d avg −0.012%
=Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Injective is 0.356% dearer against Binance than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of −0.012%. Mind the row above: over the last 7 days funding on this pair cost −0.205%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.205% in total (about -10.7% 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 | Binance ZROUSDT | 1.1710 | 0.0100 | pay 0.0050% / 4h | 2h 01m | $21.9M | $29.7M | 75x |
| Short | Injective ZRO/USDC PERP | 1.1750 | 0.1213 | get 0.0152% / 1h | 1m 04s | $12K | $260K | 12x |
Binance ZROUSDT
Injective ZRO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. 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
- $233.82
- Price spread: +0.344% → −0.012%
- $35.65
- Slippage, 4 orders
- −$96.78
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $162.67
- Costs to cover
- 1.068%
- Break-even
- 2.1 days
Slippage from Binance: live order book, 10 min ago; Injective: live order book, 3 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 Binance live order book, 10 min ago | 0.43 bp | 14.1 bp −$14 | 37.5 bp −$375 | 307.1 bp −$30.7K | doesn't fit |
| Sell Injective live order book, 3 min ago | 34.19 bp | 44.8 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
ZRO on 25 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 | −0.0216% | 1h | 1.1693 | −0.144% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | +0.0003% | 1h | 1.1701 | −0.075% | $21K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0036% | 4h | 1.1707 | −0.023% | $20K | $5K | 10x | as long as short |
| Bybit ZROUSDT | +0.0036% | 4h | 1.1697 | −0.108% | $17.9M | $13.9M | 50x | as long as short |
| Gate ZRO_USDT | +0.0044% | 4h | 1.1700 | −0.083% | $1.3M | $1.5M | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1728 | +0.156% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1727 | +0.148% | $37.1M | $5.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1718 | +0.072% | $158K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1703 | −0.060% | $136K | $167K | 5x | as long as short |
| Binance ZROUSDTlong | +0.0100% | 4h | 1.1710 | long leg | $21.9M | $29.7M | 75x |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Bybit ZROUSDT
Gate ZRO_USDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZROShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1707 | −0.023% | $3.2M | $7.9M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1703 | −0.057% | $19.1M | $2.8M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1708 | −0.014% | $2.3M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1704 | −0.049% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1707 | −0.023% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1712 | +0.020% | $98K | $208K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1687 | −0.190% | $2.3M | $814K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1690 | −0.168% | $39K | $675K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1703 | −0.057% | $91K | $836K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1702 | −0.070% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0227% | 1h | 1.1692 | −0.155% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1714 | +0.036% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0371% | 1h | 1.1724 | +0.118% | $259K | $407K | 25x | as long as short |
| Extended ZRO-USD | +0.1032% | 1h | 1.1699 | −0.095% | $785K | $590K | 10x | as long as short |
| Injective ZRO/USDC PERPshort | +0.1213% | 1h | 1.1750 | +0.344% | $12K | $260K | 12x |
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
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
Extended ZRO-USD