Funding you earn now, next payment 07:00 UTC−0.0716%/8h= −78.4% APRpaid last 24h −0.209%
Price spread now: OKX against Extended−0.024%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$929as in the Funding arb table
Net, price: spread back to 7d avg − costs−$906as in the Price arb table
costs, in and out, $10k−$9039.030% of the position
Funding, last 7 days−0.263%−$26 on $10k
+Price spread, last 4 days (all we have)−0.015%−$1 · spread now −0.024%, 7d avg +0.010%
=Together, before fees−0.278%+ Points / potential airdropExtended: Active · farm board−$28 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and OKX is 0.034% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.010%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.263% in total (about -13.7% 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 | Extended ZRO-USD | 1.1722 | 0.0816 | pay 0.0102% / 1h | 50m 02s | $803K | $625K | 10x |
| Short | OKX ZRO-USDT-SWAP | 1.1719 | 0.0100 | get 0.0050% / 4h | 1h 50m | $3.2M | $7.8M | 20x |
Extended ZRO-USD
OKX ZRO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$150.36
- Price spread: −0.024% → +0.010%
- −$3.44
- Slippage, 4 orders
- −$888
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$1,056.8
- Costs to cover
- 9.030%
- Break-even
- never at this rate
Slippage from Extended: live order book, 58 min ago; OKX: live order book, 3 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, 58 min ago | 12.40 bp | 853.7 bp −$854 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.99 bp | 15.9 bp −$16 | 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 | −0.0040% | 1h | 1.1737 | +0.131% | $4K | $5K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1697 | −0.216% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0084% | 4h | 1.1724 | +0.018% | $21K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1744 | +0.187% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1739 | +0.146% | $37.2M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1729 | +0.061% | $158K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1719 | −0.024% | $138K | $174K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1729 | +0.061% | $21.9M | $29.4M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1722 | +0.001% | $18.0M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAPshort | +0.0100% | 4h | 1.1719 | −0.024% | $3.2M | $7.8M | 20x |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1720 | −0.016% | $1.3M | $1.4M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1730 | +0.069% | $19.3M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1724 | +0.018% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1728 | +0.052% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1724 | +0.018% | — | $16.6M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1693 | −0.250% | $2.3M | $812K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1680 | −0.357% | $39K | $671K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1738 | +0.138% | $99K | $819K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1721 | −0.006% | $21K | — | 3x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0112% | 1h | 1.1737 | +0.129% | $96K | $221K | 20x | as long as short |
| BloFin ZRO-USDT | +0.0131% | 4h | 1.1693 | −0.246% | $1.1M | $202K | 75x | as long as short |
| Nado ZRO-PERP | +0.0207% | 1h | 1.1698 | −0.202% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1732 | +0.084% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0513% | 1h | 1.1734 | +0.102% | $254K | $333K | 25x | as long as short |
| Extended ZRO-USDlong | +0.0816% | 1h | 1.1722 | long leg | $803K | $625K | 10x | |
| Injective ZRO/USDC PERP | +0.1317% | 1h | 1.1750 | +0.240% | $12K | $261K | 12x | as long as short |
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
Backpack ZRO_USDC_PERP
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP