Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.030%
Price spread now: OKX against Binance−0.024%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$720.719% of the position
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 7 days+0.080%+$8 · spread now −0.024%, 7d avg +0.010%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.033% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZROUSDT | 1.2059 | 0.0100 | pay 0.0050% / 4h | 3h 22m | $22.7M | $29.1M | 75x |
| Short | OKX ZRO-USDT-SWAP | 1.2056 | 0.0100 | get 0.0050% / 4h | 3h 22m | $3.3M | $7.9M | 20x |
Binance ZROUSDT
OKX ZRO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $0
- Price spread: −0.024% → +0.010%
- −$3.31
- Slippage, 4 orders
- −$51.88
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$75.19
- Costs to cover
- 0.719%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; OKX: live order book, 1 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, 4 min ago | 0.42 bp | 15.0 bp −$15 | 35.8 bp −$358 | 266.1 bp −$26.6K | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.66 bp | 21.1 bp −$21 | 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 | −0.0256% | 1h | 1.2035 | −0.194% | $4K | $5K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.2026 | −0.270% | $22K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0067% | 4h | 1.2064 | +0.043% | $21K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.2075 | +0.136% | $4.5M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.2062 | +0.026% | $38.2M | $5.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.2065 | +0.054% | $163K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.2024 | −0.286% | $139K | $166K | 5x | as long as short |
| Binance ZROUSDTlong | +0.0100% | 4h | 1.2059 | long leg | $22.7M | $29.1M | 75x | |
| Bybit ZROUSDT | +0.0100% | 4h | 1.2058 | −0.007% | $18.5M | $12.8M | 50x | as long as short |
| OKX ZRO-USDT-SWAPshort | +0.0100% | 4h | 1.2056 | −0.024% | $3.3M | $7.9M | 20x |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.2060 | +0.010% | $1.4M | $1.3M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.2064 | +0.043% | $9.7M | $2.8M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.2069 | +0.084% | $2.4M | $2.2M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.2048 | −0.090% | $2.8M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.2060 | +0.010% | — | $21.6M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1846 | −1.768% | $2.3M | $760K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1860 | −1.649% | $40K | $669K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.2060 | +0.010% | $102K | $795K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0103% | 4h | 1.1995 | −0.529% | $1.1M | $203K | 75x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.2050 | −0.073% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0106% | 1h | 1.2055 | −0.034% | $1.4M | $122K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0295% / S −0.2341% | 1h | 1.1995 | −0.532% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0432% | 1h | 1.2058 | −0.009% | $823K | $646K | 10x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0544% | 1h | 1.2058 | −0.007% | $274K | $295K | 25x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0613% | 1h | 1.2067 | +0.068% | $97K | $219K | 20x | as long as short |
| Injective ZRO/USDC PERP | +0.1160% | 1h | 1.1960 | −0.820% | $13K | $258K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
BloFin ZRO-USDT
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Kraken Futures PF_ZROUSD
Backpack ZRO_USDC_PERP
Injective ZRO/USDC PERP