Funding you earn now, next payment 02:00 UTC+0.1082%/8h= +118.5% APRpaid last 24h +0.130%
Price spread now: Injective against BloFin+0.145%354s7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as 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−$1171.171% of the position
Funding, last 7 days−0.223%−$22 on $10k
+Price spread, last 3 days (all we have)−0.698%−$70 · spread now +0.145%, 7d avg −0.010%
=Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Injective is 0.154% dearer against BloFin than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.010%. Mind the row above: over the last 7 days funding on this pair cost −0.223%, so the current rate has only just turned in your favour. The two prices were read 354 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 -0.223% in total (about -11.6% 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 | BloFin ZRO-USDT | 1.1753 | 0.0132 | pay 0.0066% / 4h | 2h 41m | $1.1M | $253K | 75x |
| Short | Injective ZRO/USDC PERP | 1.1770 | 0.1213 | get 0.0152% / 1h | 41m 24s | $12K | $260K | 12x |
BloFin ZRO-USDT
Injective ZRO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BloFin. 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
- $227.19
- Price spread: +0.145% → −0.010%
- $15.42
- Slippage, 4 orders
- −$105.13
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $125.47
- Costs to cover
- 1.171%
- Break-even
- 3.1 days
Slippage from BloFin: live order book, 11 min ago; Injective: live order book, 28 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 BloFin live order book, 11 min ago | 1.28 bp | 17.8 bp −$18 | 34.8 bp −$348 | doesn't fit | doesn't fit |
| Sell Injective live order book, 28 min ago | 33.70 bp | 44.0 bp −$44 | 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 | 1.1674 | −0.675% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1673 | −0.684% | $21K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0016% | 4h | 1.1677 | −0.647% | $20K | $6K | 10x | as long as short |
| Gate ZRO_USDT | +0.0064% | 4h | 1.1660 | −0.791% | $1.3M | $1.5M | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1686 | −0.569% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1689 | −0.545% | $37.0M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1692 | −0.515% | $156K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1675 | −0.663% | $135K | $168K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1673 | −0.681% | $21.9M | $29.9M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1660 | −0.791% | $17.9M | $14.1M | 50x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Gate ZRO_USDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1677 | −0.647% | $3.2M | $7.9M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1675 | −0.664% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1676 | −0.655% | $2.3M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1674 | −0.672% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1670 | −0.706% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1685 | −0.579% | $94K | $214K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1690 | −0.539% | $2.3M | $837K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1730 | −0.196% | $39K | $681K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1683 | −0.596% | $92K | $841K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1690 | −0.537% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDTlong | +0.0132% | 4h | 1.1753 | long leg | $1.1M | $253K | 75x | |
| Nado ZRO-PERP | +0.0224% | 1h | 1.1672 | −0.690% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1683 | −0.596% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0372% | 1h | 1.1694 | −0.506% | $251K | $407K | 25x | as long as short |
| Extended ZRO-USD | +0.0984% | 1h | 1.1674 | −0.674% | $784K | $593K | 10x | as long as short |
| Injective ZRO/USDC PERPshort | +0.1213% | 1h | 1.1770 | +0.145% | $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