Funding you earn now, next payment 22:00 UTC−0.1972%/8h= −215.9% APRpaid last 24h −0.028%
Price spread now: Variational Omni against Extended−0.066%7-day average −0.012% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.035%−$4 on $10k
+Price spread, last 4 days (all we have)−0.005%−$1 · spread now −0.066%, 7d avg −0.012%
=Together, before fees−0.041%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$59 a day on $10k at the current rate, and Variational Omni is 0.054% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.012%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.035% in total (about -4.0% 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 | 1.1785 | 0.2072 | pay 0.0259% / 1h | 9m 48s | $784K | $539K | 10x |
| Short | Variational Omni ZRO | 1.1777 | 0.0100 | get 0.0050% / 4h | 2h 09m | $2.2M | $861K | — |
Extended ZRO-USD
Variational Omni ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$414.12
- Price spread: −0.066% → −0.012%
- −$5.37
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$424.49
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 13 min ago; Variational Omni: RFQ quote, 4 min ago. 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 Extended live order book, 13 min ago | 12.59 bp | 959.9 bp −$960 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 4.01 bp | doesn't fit | 42.3 bp −$423 | 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 | 1.1765 | −0.171% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0051% | 4h | 1.1787 | +0.017% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0041% | 1h | 1.1790 | +0.042% | $21K | $2K | 5x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1787 | +0.021% | $4.5M | $1.4M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1798 | +0.110% | $37.4M | $6.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1798 | +0.112% | $158K | $160K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1784 | −0.008% | $142K | $193K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1782 | −0.025% | $22.2M | $32.9M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1769 | −0.136% | $18.0M | $15.5M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1784 | −0.008% | $3.2M | $8.9M | 20x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1800 | +0.127% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1785 | 0.000% | $19.0M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1796 | +0.093% | $2.9M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1784 | −0.008% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1783 | −0.017% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1791 | +0.051% | $94K | $206K | 20x | as long as short |
| Variational Omni ZROshort | +0.0100% | 4h | 1.1777 | −0.066% | $2.2M | $861K | — | |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1850 | +0.552% | $37K | $681K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1796 | +0.093% | $88K | $913K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1785 | 0.000% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0109% | 4h | 1.1779 | −0.051% | $1.1M | $265K | 75x | as long as short |
| Nado ZRO-PERP | +0.0172% | 1h | 1.1787 | +0.014% | $1.3M | $130K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1792 | +0.062% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0318% | 1h | 1.1802 | +0.144% | $250K | $569K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1840 | +0.467% | $12K | $175K | 12x | as long as short |
| Extended ZRO-USDlong | +0.2072% | 1h | 1.1785 | long leg | $784K | $539K | 10x |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP