Funding you earn now, next payment 22:00 UTC−0.2172%/8h= −237.8% APRnext payment −$2.71 per $10,000 · paid last 24h −0.028%
Price spread now: Polymarket Perps against Extended+0.106%7-day average +0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,018as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,000as in the Price arb table
costs, in and out, $10k−$1,00110.009% of the position
Funding, last 7 days−0.166%−$17 on $10k
+Price spread, last 3 days (all we have)+0.161%+$16 · spread now +0.106%, 7d avg +0.093%
=Together, before fees−0.005%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.093%, so right now this pair is about funding alone: −$65 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.166% in total (about -8.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.71 per $10,000. 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 | 1.1795 | 0.2272 | pay 0.0284% / 1h | 4m 28s | $784K | $539K | 10x |
| Short | Polymarket Perps ZRO-USD | 1.1808 | 0.0100 | get 0.0013% / 1h | 4m 28s | $88K | $913K | 5x |
Extended ZRO-USD
Polymarket Perps ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$456.12
- Price spread: +0.106% → +0.093%
- $1.33
- Slippage, 4 orders
- −$987.9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$1,455.69
- Costs to cover
- 10.009%
- Break-even
- never at this rate
Slippage from Extended: live order book, 19 min ago; Polymarket Perps: live order book, 44 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, 19 min ago | 12.59 bp | 959.9 bp −$960 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 44 min ago | 1.27 bp | 6.5 bp −$7 | 10.8 bp −$108 | 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 | −0.0432% | 1h | 1.1786 | −0.077% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0053% | 4h | 1.1816 | +0.174% | $21K | $7K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0049% | 4h | 1.1802 | +0.055% | $1.1M | $264K | 75x | as long as short |
| dYdX ZRO-USD | +0.0069% | 1h | 1.1814 | +0.161% | $21K | $2K | 5x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1803 | +0.064% | $4.5M | $1.4M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1810 | +0.123% | $37.5M | $6.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1810 | +0.124% | $158K | $160K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1795 | −0.001% | $138K | $191K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1797 | +0.013% | $22.3M | $32.7M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1791 | −0.038% | $18.0M | $15.4M | 50x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
dYdX ZRO-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1791 | −0.038% | $3.2M | $8.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1800 | +0.038% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1801 | +0.047% | $19.1M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1809 | +0.114% | $2.9M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1804 | +0.072% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1797 | +0.013% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1818 | +0.191% | $95K | $206K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1792 | −0.030% | $2.2M | $859K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1810 | +0.123% | $37K | $681K | 50x | as long as short |
| Polymarket Perps ZRO-USDshort | +0.0100% | 1h | 1.1808 | +0.106% | $88K | $913K | 5x | |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1810 | +0.120% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0180% | 1h | 1.1797 | +0.015% | $1.3M | $130K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1809 | +0.111% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0317% | 1h | 1.1827 | +0.270% | $251K | $567K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1860 | +0.547% | $12K | $175K | 12x | as long as short |
| Extended ZRO-USDlong | +0.2272% | 1h | 1.1795 | long leg | $784K | $539K | 10x |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP