Funding you earn now, next payment 03:00 UTC+0.0987%/8h= +108.0% APRpaid last 24h +0.114%
Price spread now: Extended against Bybit+0.004%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$815as in the Funding arb table
Net, price: spread back to 7d avg − costs−$830as in the Price arb table
costs, in and out, $10k−$8298.289% of the position
Funding, last 7 days+0.135%+$13 on $10k
+Price spread, last 4 days (all we have)+0.037%+$4 · spread now +0.004%, 7d avg +0.014%
=Together, before fees+0.172%+ Points / potential airdropExtended: Active · farm board+$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: +$30 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 0.135% in total (about 7.0% 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 | Bybit ZROUSDT | 1.1650 | 0.0005 | pay 0.0003% / 4h | 1h 57m | $17.9M | $13.9M | 50x |
| Short | Extended ZRO-USD | 1.1651 | 0.0992 | get 0.0124% / 1h | 57m 18s | $781K | $590K | 10x |
Bybit ZROUSDT
Extended ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bybit. 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
- $207.2
- Price spread: +0.004% → +0.014%
- −$0.98
- Slippage, 4 orders
- −$812.88
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$622.66
- Costs to cover
- 8.289%
- Break-even
- 28.0 days
Slippage from Bybit: live order book, 1 min ago; Extended: live order book, 6 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 Bybit live order book, 1 min ago | 1.29 bp | 14.4 bp −$14 | 49.2 bp −$492 | doesn't fit | doesn't fit |
| Sell Extended live order book, 6 min ago | 10.23 bp | 21.6 bp −$22 | 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 | −0.0608% | 1h | 1.1651 | +0.006% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1666 | +0.138% | $21K | $3K | 5x | as long as short |
| Bybit ZROUSDTlong | +0.0005% | 4h | 1.1650 | long leg | $17.9M | $13.9M | 50x | |
| Orderly PERP_ZRO_USDC | +0.0035% | 4h | 1.1659 | +0.077% | $20K | $5K | 10x | as long as short |
| Gate ZRO_USDT | +0.0038% | 4h | 1.1650 | 0.000% | $1.3M | $1.5M | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1681 | +0.266% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1684 | +0.292% | $37.0M | $5.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1672 | +0.189% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1663 | +0.112% | $136K | $169K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1659 | +0.076% | $21.8M | $29.7M | 75x | 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 ZROUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1659 | +0.077% | $3.2M | $7.9M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1661 | +0.094% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1673 | +0.197% | $2.3M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1656 | +0.052% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1657 | +0.060% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1679 | +0.249% | $97K | $206K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1687 | +0.321% | $2.3M | $814K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1690 | +0.343% | $39K | $675K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1672 | +0.189% | $91K | $834K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1655 | +0.043% | $21K | — | 3x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0198% | 1h | 1.1703 | +0.456% | $258K | $406K | 25x | as long as short |
| Nado ZRO-PERP | +0.0233% | 1h | 1.1661 | +0.098% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1671 | +0.181% | $3K | — | 100x | as long as short |
| Extended ZRO-USDshort | +0.0992% | 1h | 1.1651 | +0.004% | $781K | $590K | 10x | |
| Injective ZRO/USDC PERP | +0.1102% | 1h | 1.1740 | +0.773% | $12K | $260K | 12x | as long as short |
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
Kraken Futures PF_ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP