Funding you earn now, next payment 10:00 UTC+0.0964%/8h= +105.6% APRnext payment +$1.21 per $10,000 · paid last 24h +0.047%
Price spread now: Injective against Extended−0.396%60s7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$906as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$8768.757% of the position
Funding, last 7 days−0.307%−$31 on $10k
+Price spread, last 4 days (all we have)−0.434%−$43 · spread now −0.396%, 7d avg +0.042%
=Together, before fees−0.741%+ Points / potential airdropExtended: Active · farm board−$74 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 0.439% cheaper against Extended than usual: you would sell low and buy high (spread −0.396% now, against its 7-day average of +0.042%). If the spread goes back, that is −$44 on $10k: about 36 hours of funding at the current rate (+$29 a day). Mind the row above: over the last 7 days funding on this pair cost −0.307%, so the current rate has only just turned in your favour. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.307% in total (about -16.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.21 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ZRO-USD | 1.1807 | 0.0104 | pay 0.0013% / 1h | 18m 12s | $803K | $650K | 10x |
| Short | Injective ZRO/USDC PERP | 1.1760 | 0.1068 | get 0.0134% / 1h | 18m 12s | $12K | $257K | 12x |
Extended ZRO-USD
Injective ZRO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $202.46
- Price spread: −0.396% → +0.042%
- −$43.88
- Slippage, 4 orders
- −$870.72
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$717.16
- Costs to cover
- 8.757%
- Break-even
- 31.8 days
Slippage from Extended: live order book, 32 min ago; Injective: live order book, 33 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, 32 min ago | 13.96 bp | 782.0 bp −$782 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 33 min ago | 33.90 bp | 40.8 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZROUSD | −0.0496% | 1h | 1.1801 | −0.047% | $4K | $5K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | −0.0316% | 1h | 1.1817 | +0.087% | $269K | $213K | 25x | as long as short |
| Bybit ZROUSDT | −0.0079% | 4h | 1.1798 | −0.074% | $18.1M | $12.0M | 50x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0006% | 4h | 1.1805 | −0.015% | $21K | $2K | 10x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1803 | −0.032% | $21K | $5K | 5x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0033% | 4h | 1.1804 | −0.024% | $3.2M | $7.6M | 20x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1822 | +0.131% | $4.4M | $1.1M | 5x | as long as short |
| Nado ZRO-PERP | +0.0100% | 1h | 1.1807 | +0.004% | $1.3M | $120K | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1818 | +0.097% | $37.4M | $5.1M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1811 | +0.034% | $159K | $125K | 10x | as long as short |
01 Exchange ZROUSD
Kraken Futures PF_ZROUSD
Bybit ZROUSDT
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
OKX ZRO-USDT-SWAP
Lighter ZRO
Nado ZRO-PERP
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 | 1.1793 | −0.113% | $136K | $148K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1807 | +0.003% | $22.0M | $27.4M | 75x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1800 | −0.058% | $1.3M | $1.2M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1807 | +0.002% | $9.4M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1809 | +0.019% | $2.3M | $2.3M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1806 | −0.007% | $2.7M | $2.3M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1802 | −0.041% | — | $22.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1788 | −0.163% | $2.3M | $733K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1820 | +0.112% | $40K | $671K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1811 | +0.036% | $101K | $731K | 5x | as long as short |
| Extended ZRO-USDlong | +0.0104% | 1h | 1.1807 | long leg | $803K | $650K | 10x | |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1805 | −0.015% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0106% | 4h | 1.1796 | −0.091% | $1.0M | $148K | 75x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0162% | 1h | 1.1799 | −0.066% | $93K | $220K | 20x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1801 | −0.051% | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERPshort | +0.1068% | 1h | 1.1760 | −0.396% | $12K | $257K | 12x |
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
Backpack ZRO_USDC_PERP
GMX ZRO/USD [ETH-USDC]