Funding you earn now, next payment 03:00 UTC−0.1443%/8h= −158.0% APRnext payment −$1.80 per $10,000 · paid last 24h −0.148%
Price spread now: ApeX Omni against Injective−0.682%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$195as in the Price arb table
costs, in and out, $10k−$1231.230% of the position
Funding, last 7 days+0.211%+$21 on $10k
+Price spread, last 3 days (all we have)+1.332%+$133 · spread now −0.682%, 7d avg +0.035%
=Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and ApeX Omni is 0.717% cheaper against Injective than usual: you would sell low and buy high (−$72 if the spread goes back to its 7-day average of +0.035%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.211%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.211% in total (about 11.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.80 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 | Injective ZRO/USDC PERP | 1.1730 | 0.1102 | pay 0.0138% / 1h | 52m 56s | $12K | $260K | 12x |
| Short | ApeX Omni ZROUSDT | 1.1650 | −0.0341 | pay 0.0043% / 1h | 52m 56s | $39K | $675K | 50x |
Injective ZRO/USDC PERP
ApeX Omni ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Injective. 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
- −$303.02
- Price spread: −0.682% → +0.035%
- −$71.7
- Slippage, 4 orders
- −$112.97
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$497.71
- Costs to cover
- 1.230%
- Break-even
- never at this rate
Slippage from Injective: live order book, 11 min ago; ApeX Omni: live order book, 10 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 Injective live order book, 11 min ago | 34.19 bp | 34.2 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 10 min ago | 8.53 bp | 19.1 bp −$19 | 116.7 bp −$1,167 | doesn't fit | doesn't fit |
ZRO on 25 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 | −0.0488% | 1h | 1.1683 | −0.403% | $7K | $3K | 5x | as long as short |
| ApeX Omni ZROUSDTshort | −0.0341% | 1h | 1.1650 | −0.682% | $39K | $675K | 50x | |
| Bybit ZROUSDT | −0.0037% | 4h | 1.1705 | −0.213% | $17.9M | $13.9M | 50x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1692 | −0.328% | $21K | $3K | 5x | as long as short |
| Gate ZRO_USDT | +0.0020% | 4h | 1.1690 | −0.341% | $1.3M | $1.5M | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0034% | 4h | 1.1702 | −0.239% | $20K | $5K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1721 | −0.074% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1730 | 0.000% | $37.1M | $5.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1714 | −0.140% | $158K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1689 | −0.346% | $136K | $169K | 5x | as long as short |
01 Exchange ZROUSD
Bybit ZROUSDT
dYdX ZRO-USD
Gate ZRO_USDT
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZROShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ZROUSDT | +0.0100% | 4h | 1.1712 | −0.157% | $21.9M | $29.6M | 75x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1715 | −0.128% | $3.2M | $7.9M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1704 | −0.222% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1703 | −0.230% | $2.3M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1709 | −0.179% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1712 | −0.153% | — | $16.4M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1713 | −0.145% | $95K | $205K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1720 | −0.085% | $2.3M | $813K | — | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1700 | −0.256% | $93K | $838K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1695 | −0.298% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0150% | 1h | 1.1688 | −0.358% | $1.3M | $124K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0198% | 1h | 1.1731 | +0.008% | $259K | $406K | 25x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1713 | −0.143% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0880% | 1h | 1.1709 | −0.182% | $785K | $590K | 10x | as long as short |
| Injective ZRO/USDC PERPlong | +0.1102% | 1h | 1.1730 | long leg | $12K | $260K | 12x |
Binance ZROUSDT
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
Kraken Futures PF_ZROUSD
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD