Funding you earn now, next payment 12:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.11 per $10,000 · paid last 24h −0.031%
Price spread now: Orderly against Bybit+0.152%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Orderly is 0.152% dearer against Bybit than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZROUSDT | 1.1820 | −0.0042 | get 0.0021% / 4h | 1h 54m | $18.1M | $11.7M | 50x |
| Short | Orderly PERP_ZRO_USDC | 1.1838 | −0.0020 | pay 0.0010% / 4h | 1h 54m | $20K | $2K | 10x |
Bybit ZROUSDT
Orderly PERP_ZRO_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $4.63
- Price spread: +0.152% → 0.000%
- $15.23
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $2.86
- Costs to cover
- 0.170%
- Break-even
- 2.7 days
Slippage unknown: Bybit: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.
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 | 7.7 bp −$8 | 42.4 bp −$424 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ZRO on 26 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ZRO/USDC PERP | −0.0774% | 1h | 1.1760 | −0.508% | $12K | $257K | 12x | as long as short |
| Kraken Futures PF_ZROUSD | −0.0529% | 1h | 1.1837 | +0.147% | $269K | $211K | 25x | as long as short |
| 01 Exchange ZROUSD | −0.0048% | 1h | 1.1836 | +0.131% | $4K | $5K | 5x | as long as short |
| Bybit ZROUSDTlong | −0.0042% | 4h | 1.1820 | long leg | $18.1M | $11.7M | 50x | |
| Orderly PERP_ZRO_USDCshort | −0.0020% | 4h | 1.1838 | +0.152% | $20K | $2K | 10x | |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1837 | +0.142% | $21K | $5K | 5x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0008% | 4h | 1.1834 | +0.118% | $3.2M | $7.5M | 20x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1854 | +0.284% | $4.4M | $1.1M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1848 | +0.241% | $37.5M | $5.0M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1847 | +0.232% | $160K | $124K | 10x | as long as short |
Injective ZRO/USDC PERP
Kraken Futures PF_ZROUSD
01 Exchange ZROUSD
dYdX ZRO-USD
OKX ZRO-USDT-SWAP
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDTShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ZRO | +0.0100% | 1h | 1.1838 | +0.149% | $137K | $143K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1834 | +0.119% | $22.1M | $26.7M | 75x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1840 | +0.169% | $1.4M | $1.1M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1836 | +0.135% | $9.5M | $2.4M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1845 | +0.212% | $2.3M | $2.3M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1840 | +0.169% | $2.8M | $2.3M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1836 | +0.135% | — | $25.2M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1817 | −0.025% | $2.3M | $733K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1820 | 0.000% | $40K | $669K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1836 | +0.135% | $101K | $728K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1833 | +0.113% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0142% | 4h | 1.1832 | +0.102% | $1.0M | $142K | 75x | as long as short |
| Nado ZRO-PERP | +0.0245% | 1h | 1.1842 | +0.185% | $1.4M | $121K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1840 | +0.170% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0336% | 1h | 1.1836 | +0.137% | $806K | $654K | 10x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0761% | 1h | 1.1840 | +0.169% | $94K | $215K | 20x | as long as short |
Pacifica ZRO
Binance ZROUSDT
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Backpack ZRO_USDC_PERP