Funding you earn now, next payment 05:00 UTC−0.1263%/8h= −138.3% APRpaid last 24h −0.147%
Price spread now: Bitget against Injective−0.716%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$183as in the Price arb table
costs, in and out, $10k−$1121.125% of the position
Funding, last 7 days+0.190%+$19 on $10k
+Price spread, last 4 days (all we have)+1.503%+$150 · spread now −0.716%, 7d avg −0.015%
=Both sides work against this trade now: funding costs −$38 a day on $10k at the current rate, and Bitget is 0.701% cheaper against Injective than usual: you would sell low and buy high (−$70 if the spread goes back to its 7-day average of −0.015%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.190%, 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 0.190% in total (about 9.9% 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 | Injective ZRO/USDC PERP | 1.1730 | 0.1363 | pay 0.0170% / 1h | 1m 04s | $12K | $261K | 12x |
| Short | Bitget ZROUSDT | 1.1646 | 0.0100 | get 0.0050% / 4h | 3h 01m | $2.7M | $2.6M | 75x |
Injective ZRO/USDC PERP
Bitget ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$265.15
- Price spread: −0.716% → −0.015%
- −$70.09
- Slippage, 4 orders
- −$100.43
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$447.69
- Costs to cover
- 1.125%
- Break-even
- never at this rate
Slippage from Injective: live order book, 53 min ago; Bitget: live order book, 1 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, 53 min ago | 29.65 bp | 29.7 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 4.73 bp | 20.4 bp −$20 | 45.0 bp −$450 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZRO_USDC | +0.0056% | 4h | 1.1653 | −0.656% | $20K | $5K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0057% | 4h | 1.1648 | −0.699% | $1.1M | $248K | 75x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1654 | −0.652% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1633 | −0.825% | $135K | $178K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1653 | −0.653% | $21.8M | $29.6M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1641 | −0.759% | $17.8M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1651 | −0.673% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1640 | −0.767% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1655 | −0.639% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1646 | −0.716% | $2.3M | $2.0M | 50x | as long as short |
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTMShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZROUSDTshort | +0.0100% | 4h | 1.1646 | −0.716% | $2.7M | $2.6M | 75x | |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1648 | −0.699% | — | $16.6M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1652 | −0.665% | $94K | $219K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1638 | −0.780% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1690 | −0.341% | $39K | $677K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1657 | −0.622% | $99K | $832K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1645 | −0.725% | $21K | — | 3x | as long as short |
| Lighter ZRO | +0.0120% | 1h | 1.1677 | −0.449% | $4.3M | $1.2M | 5x | as long as short |
| dYdX ZRO-USD | +0.0125% | 1h | 1.1633 | −0.825% | $21K | $4K | 5x | as long as short |
| Nado ZRO-PERP | +0.0207% | 1h | 1.1648 | −0.702% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1651 | −0.677% | $3K | — | 100x | as long as short |
| 01 Exchange ZROUSD | +0.0320% | 1h | 1.1658 | −0.614% | $7K | $3K | 5x | as long as short |
| Hyperliquid ZRO | +0.0459% | 1h | 1.1658 | −0.614% | $37.0M | $5.5M | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0465% | 1h | 1.1657 | −0.626% | $254K | $356K | 25x | as long as short |
| Extended ZRO-USD | +0.1008% | 1h | 1.1659 | −0.602% | $800K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERPlong | +0.1363% | 1h | 1.1730 | long leg | $12K | $261K | 12x |
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Lighter ZRO
dYdX ZRO-USD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
01 Exchange ZROUSD
Hyperliquid ZRO
Kraken Futures PF_ZROUSD
Extended ZRO-USD