Funding you earn now, next payment 04:00 UTC−0.1092%/8h= −119.6% APRpaid last 24h −0.136%
Price spread now: Binance against Extended+0.069%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,897as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,876as in the Price arb table
costs, in and out, $10k−$1,88018.800% of the position
Funding, last 7 days−0.172%−$17 on $10k
+Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.069%, 7d avg +0.027%
=Together, before fees−0.276%+ Points / potential airdropExtended: Active · farm board−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.042% dearer against Extended than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of +0.027%): +$4 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.172% in total) that is about 41 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.172% in total (about -9.0% 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 | Extended ZRO-USD | 1.1713 | 0.1192 | pay 0.0149% / 1h | 21m 13s | $784K | $589K | 10x |
| Short | Binance ZROUSDT | 1.1721 | 0.0100 | get 0.0050% / 4h | 21m 13s | $22.0M | $29.9M | 75x |
Extended ZRO-USD
Binance ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Extended. 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
- −$229.32
- Price spread: +0.069% → +0.027%
- $4.19
- Slippage, 4 orders
- −$1,864.98
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$2,105.11
- Costs to cover
- 18.800%
- Break-even
- never at this rate
Slippage from Extended: live order book, 37 min ago; Binance: live order book, 5 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 Extended live order book, 37 min ago | 20.56 bp | 1827.3 bp −$1,827 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 1.70 bp | 12.9 bp −$13 | 46.0 bp −$460 | 247.0 bp −$24.7K | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0018% | 1h | 1.1728 | +0.124% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0037% | 4h | 1.1717 | +0.032% | $21K | $5K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1738 | +0.211% | $4.4M | $1.2M | 5x | as long as short |
| 01 Exchange ZROUSD | +0.0096% | 1h | 1.1721 | +0.062% | $7K | $3K | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1730 | +0.145% | $158K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1720 | +0.061% | $136K | $177K | 5x | as long as short |
| Binance ZROUSDTshort | +0.0100% | 4h | 1.1721 | +0.069% | $22.0M | $29.9M | 75x | |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1707 | −0.053% | $17.9M | $13.8M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1714 | +0.006% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1720 | +0.058% | $1.3M | $1.5M | 75x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
01 Exchange ZROUSD
Aster ZROUSDT
Pacifica ZRO
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1721 | +0.066% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1727 | +0.117% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1711 | −0.019% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1716 | +0.023% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1717 | +0.032% | $96K | $217K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1713 | −0.004% | $2.3M | $810K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1760 | +0.399% | $39K | $670K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1724 | +0.092% | $100K | $851K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1715 | +0.012% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0140% | 4h | 1.1716 | +0.023% | $1.1M | $249K | 75x | as long as short |
| Nado ZRO-PERP | +0.0203% | 1h | 1.1717 | +0.031% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1714 | +0.005% | $3K | — | 100x | as long as short |
| Hyperliquid ZRO | +0.0355% | 1h | 1.1731 | +0.152% | $37.1M | $5.5M | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0379% | 1h | 1.1732 | +0.158% | $258K | $399K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.1186% | 1h | 1.1770 | +0.484% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USDlong | +0.1192% | 1h | 1.1713 | long leg | $784K | $589K | 10x |
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
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Hyperliquid ZRO
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP