Funding you earn now, next payment 05:00 UTC+0.0121%/8h= +13.2% APRpaid last 24h +0.031%
Price spread now: Nado against Bybit+0.079%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$510.506% of the position
Funding, last 3 days (all we have)+0.063%+$6 on $10k
+Price spread, last 7 days+0.040%+$4 · spread now +0.079%, 7d avg +0.022%
=Together, before fees+0.103%+ Points / potential airdropNado: Active · farm board+$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Nado is 0.057% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZROUSDT | 1.1751 | 0.0100 | pay 0.0050% / 4h | 3h 21m | $18.0M | $13.7M | 50x |
| Short | Nado ZRO-PERP | 1.1760 | 0.0221 | get 0.0028% / 1h | 21m 34s | $1.3M | $125K | 5x |
Bybit ZROUSDT
Nado ZRO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $25.31
- Price spread: +0.079% → +0.022%
- $5.7
- Slippage, 4 orders
- −$32.64
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$19.63
- Costs to cover
- 0.506%
- Break-even
- 12.4 days
Slippage from Bybit: live order book, 2 min ago; Nado: live order book, 2 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, 2 min ago | 0.85 bp | 16.3 bp −$16 | 43.2 bp −$432 | doesn't fit | doesn't fit |
| Sell Nado live order book, 2 min ago | 0.85 bp | 10.6 bp −$11 | 27.0 bp −$270 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZRO_USDC | +0.0050% | 4h | 1.1729 | −0.187% | $21K | $5K | 10x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1757 | +0.051% | $159K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1754 | +0.022% | $137K | $178K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1756 | +0.045% | $22.1M | $29.8M | 75x | as long as short |
| Bybit ZROUSDTlong | +0.0100% | 4h | 1.1751 | long leg | $18.0M | $13.7M | 50x | |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1761 | +0.085% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1730 | −0.179% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1747 | −0.034% | $19.3M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1735 | −0.136% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1759 | +0.068% | $2.7M | $2.6M | 75x | as long as short |
Orderly PERP_ZRO_USDC
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ZRO-USDT | +0.0100% | 4h | 1.1750 | −0.009% | — | $16.3M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1720 | −0.264% | $97K | $222K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1739 | −0.099% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1740 | −0.094% | $39K | $676K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1771 | +0.170% | $100K | $850K | 5x | as long as short |
| Lighter ZRO | +0.0104% | 1h | 1.1775 | +0.202% | $4.4M | $1.2M | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1727 | −0.205% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0105% | 1h | 1.1747 | −0.038% | $21K | $4K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0128% | 4h | 1.1744 | −0.060% | $1.1M | $250K | 75x | as long as short |
| Nado ZRO-PERPshort | +0.0221% | 1h | 1.1760 | +0.079% | $1.3M | $125K | 5x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1725 | −0.220% | $3K | — | 100x | as long as short |
| 01 Exchange ZROUSD | +0.0344% | 1h | 1.1773 | +0.188% | $7K | $3K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0462% | 1h | 1.1736 | −0.129% | $256K | $384K | 25x | as long as short |
| Hyperliquid ZRO | +0.0590% | 1h | 1.1783 | +0.272% | $37.4M | $5.5M | 5x | as long as short |
| Extended ZRO-USD | +0.1128% | 1h | 1.1756 | +0.043% | $804K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1363% | 1h | 1.1800 | +0.417% | $12K | $261K | 12x | as long as short |
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Lighter ZRO
Aevo ZRO-PERP
dYdX ZRO-USD
BloFin ZRO-USDT
GMX ZRO/USD [ETH-USDC]
01 Exchange ZROUSD
Kraken Futures PF_ZROUSD
Hyperliquid ZRO
Extended ZRO-USD
Injective ZRO/USDC PERP