Funding you earn now, next payment 10:00 UTC+0.1213%/8h= +132.8% APRpaid last 24h +0.213%
Price spread now: Injective against Bybit+2.442%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs+$128as in the Price arb table
costs, in and out, $10k−$1111.112% of the position
Funding, last 7 days−0.129%−$13 on $10k
+Price spread, last 4 days (all we have)−3.791%−$379 · spread now +2.442%, 7d avg +0.049%
=Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and Injective is 2.393% dearer against Bybit than usual: you sell high and buy low: +$239 more if the spread goes back to its 7-day average of +0.049%. Mind the row above: over the last 7 days funding on this pair cost −0.129%, 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 -0.129% in total (about -6.7% 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 | Bybit ZROUSDT | 1.1753 | −0.0145 | get 0.0073% / 4h | 2h 54m | $18.0M | $12.6M | 50x |
| Short | Injective ZRO/USDC PERP | 1.2040 | 0.1068 | get 0.0134% / 1h | 54m 34s | $13K | $257K | 12x |
Bybit ZROUSDT
Injective ZRO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $254.76
- Price spread: +2.442% → +0.049%
- $239.27
- Slippage, 4 orders
- −$100.17
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $382.84
- Costs to cover
- 1.112%
- Break-even
- from the start
Slippage from Bybit: live order book, 4 min ago; Injective: live order book, 39 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, 4 min ago | 0.84 bp | 19.2 bp −$19 | 78.2 bp −$782 | doesn't fit | doesn't fit |
| Sell Injective live order book, 39 min ago | 33.73 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 | −0.0808% | 1h | 1.1757 | +0.035% | $4K | $5K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | −0.0315% | 1h | 1.1840 | +0.737% | $269K | $289K | 25x | as long as short |
| Bybit ZROUSDTlong | −0.0145% | 4h | 1.1753 | long leg | $18.0M | $12.6M | 50x | |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1793 | +0.337% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0037% | 4h | 1.1839 | +0.732% | $21K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1800 | +0.402% | $4.4M | $1.1M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1822 | +0.585% | $37.4M | $5.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1800 | +0.400% | $159K | $147K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1782 | +0.250% | $137K | $161K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1780 | +0.230% | $22.1M | $28.6M | 75x | as long as short |
01 Exchange ZROUSD
Kraken Futures PF_ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1770 | +0.145% | $3.2M | $7.7M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1760 | +0.060% | $1.3M | $1.2M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1765 | +0.102% | $9.4M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1824 | +0.604% | $2.4M | $2.2M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1763 | +0.085% | $2.7M | $2.3M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1768 | +0.128% | — | $21.6M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1814 | +0.519% | $95K | $218K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1901 | +1.261% | $2.3M | $738K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1950 | +1.676% | $40K | $671K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1847 | +0.800% | $100K | $790K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1840 | +0.740% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0125% | 4h | 1.1844 | +0.774% | $1.1M | $150K | 75x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0294% / S −0.2341% | 1h | 1.1848 | +0.807% | $3K | — | 100x | as long as short |
| Nado ZRO-PERP | +0.0302% | 1h | 1.1841 | +0.747% | $1.4M | $120K | 5x | as long as short |
| Extended ZRO-USD | +0.0312% | 1h | 1.1770 | +0.145% | $804K | $648K | 10x | as long as short |
| Injective ZRO/USDC PERPshort | +0.1068% | 1h | 1.2040 | +2.442% | $13K | $257K | 12x |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
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
BloFin ZRO-USDT
GMX ZRO/USD [ETH-USDC]
Nado ZRO-PERP
Extended ZRO-USD