Funding you earn now, next payment 22:00 UTC+0.0931%/8h= +102.0% APRnext payment +$1.16 per $10,000 · paid last 24h −0.032%
Price spread now: Extended against Injective−0.154%80s7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,036as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1,06710.668% of the position
Funding, last 7 days+0.311%+$31 on $10k
+Price spread, last 3 days (all we have)+0.985%+$98 · spread now −0.154%, 7d avg −0.013%
=Together, before fees+1.296%+ Points / potential airdropExtended: Active · farm board+$130 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.141% cheaper against Injective than usual: you would sell low and buy high (spread −0.154% now, against its 7-day average of −0.013%). If the spread goes back, that is −$14 on $10k: about 12 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.311% in total) that is about 3.2 days. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.311% in total (about 16.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.16 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 | 1.1830 | 0.1237 | pay 0.0155% / 1h | 7m 51s | $12K | $175K | 12x |
| Short | Extended ZRO-USD | 1.1812 | 0.2168 | get 0.0271% / 1h | 7m 51s | $784K | $539K | 10x |
Injective ZRO/USDC PERP
Extended ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $195.57
- Price spread: −0.154% → −0.013%
- −$14.08
- Slippage, 4 orders
- −$1,061.81
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$885.34
- Costs to cover
- 10.668%
- Break-even
- 38.7 days
Slippage from Injective: live order book, 16 min ago; Extended: live order book, 15 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, 16 min ago | 33.73 bp | 33.7 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 15 min ago | 12.59 bp | 29.2 bp −$29 | 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 | −0.0432% | 1h | 1.1809 | −0.181% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0050% | 4h | 1.1809 | −0.178% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0060% | 1h | 1.1814 | −0.131% | $21K | $2K | 5x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1809 | −0.176% | $4.5M | $1.4M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1827 | −0.025% | $37.5M | $6.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1819 | −0.096% | $158K | $160K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1813 | −0.140% | $138K | $191K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1815 | −0.127% | $22.3M | $32.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1813 | −0.144% | $18.1M | $15.4M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1808 | −0.186% | $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 | 1.1820 | −0.085% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1814 | −0.135% | $19.1M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1820 | −0.085% | $2.9M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1815 | −0.127% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1812 | −0.152% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1819 | −0.093% | $95K | $206K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1777 | −0.446% | $2.2M | $861K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1790 | −0.338% | $37K | $681K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1822 | −0.068% | $88K | $913K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1808 | −0.189% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0106% | 4h | 1.1777 | −0.448% | $1.1M | $264K | 75x | as long as short |
| Nado ZRO-PERP | +0.0173% | 1h | 1.1813 | −0.148% | $1.3M | $130K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1821 | −0.074% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0317% | 1h | 1.1815 | −0.130% | $250K | $569K | 25x | as long as short |
| Injective ZRO/USDC PERPlong | +0.1237% | 1h | 1.1830 | long leg | $12K | $175K | 12x | |
| Extended ZRO-USDshort | +0.2168% | 1h | 1.1812 | −0.154% | $784K | $539K | 10x |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
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