Funding you earn now, next payment 08:00 UTC−0.1171%/8h= −128.2% APRpaid last 24h −0.234%
Price spread now: OKX against Injective+0.323%58s7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as 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−$1121.123% of the position
Funding, last 7 days+0.055%+$6 on $10k
+Price spread, last 4 days (all we have)+0.322%+$32 · spread now +0.323%, 7d avg −0.020%
=The price spread pays, funding is against you. OKX is 0.342% dearer against Injective than usual: you sell high and buy low (spread +0.323% now, against its 7-day average of −0.020%): +$34 on $10k if it goes back. Holding the pair costs −$35 a day in funding at the current rate, which eats that in about 23 hours. Mind the row above: over the last 7 days funding on this pair paid +0.055%, so the current rate has only just turned against you. The two prices were read 58 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 0.055% in total (about 2.9% 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 | 1.1770 | 0.1271 | pay 0.0159% / 1h | 8m 26s | $12K | $261K | 12x |
| Short | OKX ZRO-USDT-SWAP | 1.1808 | 0.0100 | get 0.0050% / 4h | 8m 26s | $3.2M | $7.7M | 20x |
Injective ZRO/USDC PERP
OKX ZRO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$245.86
- Price spread: +0.323% → −0.020%
- $34.25
- Slippage, 4 orders
- −$102.33
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$323.97
- Costs to cover
- 1.123%
- Break-even
- never at this rate
Slippage from Injective: live order book, 31 min ago; OKX: live order book, 5 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, 31 min ago | 34.28 bp | 34.3 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 2.14 bp | 22.1 bp −$22 | 138.8 bp −$1,388 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0006% | 1h | 1.1781 | +0.094% | $21K | $5K | 5x | as long as short |
| 01 Exchange ZROUSD | +0.0008% | 1h | 1.1759 | −0.091% | $4K | $5K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0075% | 4h | 1.1735 | −0.297% | $1.0M | $199K | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0085% | 4h | 1.1813 | +0.365% | $21K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1795 | +0.216% | $4.4M | $1.2M | 5x | as long as short |
| Nado ZRO-PERP | +0.0100% | 1h | 1.1747 | −0.192% | $1.3M | $126K | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1755 | −0.127% | $37.2M | $5.3M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1794 | +0.205% | $159K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1775 | +0.040% | $139K | $165K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1802 | +0.272% | $22.1M | $28.7M | 75x | as long as short |
dYdX ZRO-USD
01 Exchange ZROUSD
BloFin ZRO-USDT
Orderly PERP_ZRO_USDC
Lighter ZRO
Nado ZRO-PERP
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZROUSDT | +0.0100% | 4h | 1.1799 | +0.246% | $18.0M | $13.1M | 50x | as long as short |
| OKX ZRO-USDT-SWAPshort | +0.0100% | 4h | 1.1808 | +0.323% | $3.2M | $7.7M | 20x | |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1760 | −0.085% | $1.3M | $1.4M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1752 | −0.153% | $19.3M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1769 | −0.008% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1795 | +0.212% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1805 | +0.297% | — | $21.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1793 | +0.195% | $95K | $214K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1666 | −0.887% | $2.3M | $759K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1690 | −0.680% | $39K | $668K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1755 | −0.127% | $100K | $810K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1810 | +0.344% | $21K | — | 3x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1794 | +0.204% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0427% | 1h | 1.1797 | +0.225% | $257K | $291K | 25x | as long as short |
| Extended ZRO-USD | +0.0504% | 1h | 1.1803 | +0.282% | $807K | $647K | 10x | as long as short |
| Injective ZRO/USDC PERPlong | +0.1271% | 1h | 1.1770 | long leg | $12K | $261K | 12x |
Bybit ZROUSDT
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
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD