Funding you earn now, next payment 03:00 UTC−0.1065%/8h= −116.6% APRpaid last 24h −0.187%
Price spread now: Orderly against Injective−0.230%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Orderly is 0.230% cheaper against Injective than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ZRO/USDC PERP | 1.1750 | 0.1102 | pay 0.0138% / 1h | 10m 27s | $12K | $260K | 12x |
| Short | Orderly PERP_ZRO_USDC | 1.1723 | 0.0037 | get 0.0019% / 4h | 1h 10m | $21K | $5K | 10x |
Injective ZRO/USDC PERP
Orderly PERP_ZRO_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$223.67
- Price spread: −0.230% → 0.000%
- −$22.98
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$252.67
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Injective: live order book, 54 min ago; Orderly: no order-book sample. 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 Injective live order book, 54 min ago | 34.19 bp | 34.2 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0256% | 1h | 1.1731 | −0.161% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDCshort | +0.0037% | 4h | 1.1723 | −0.230% | $21K | $5K | 10x | |
| dYdX ZRO-USD | +0.0048% | 1h | 1.1728 | −0.186% | $21K | $3K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0056% | 4h | 1.1712 | −0.323% | $1.1M | $249K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1750 | −0.001% | $4.4M | $1.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1741 | −0.075% | $158K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1732 | −0.157% | $136K | $176K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1725 | −0.216% | $21.9M | $29.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1720 | −0.255% | $17.9M | $14.0M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1727 | −0.196% | $3.2M | $7.9M | 20x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
BloFin ZRO-USDT
Lighter 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 | 1.1730 | −0.170% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1731 | −0.162% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1732 | −0.153% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1707 | −0.366% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1723 | −0.230% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1735 | −0.128% | $97K | $195K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1699 | −0.436% | $2.3M | $810K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1730 | −0.170% | $39K | $673K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1727 | −0.196% | $99K | $846K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1725 | −0.213% | $21K | — | 3x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0198% | 1h | 1.1730 | −0.169% | $258K | $407K | 25x | as long as short |
| Nado ZRO-PERP | +0.0206% | 1h | 1.1711 | −0.330% | $1.3M | $124K | 5x | as long as short |
| Hyperliquid ZRO | +0.0252% | 1h | 1.1750 | 0.000% | $37.2M | $5.5M | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1720 | −0.258% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0792% | 1h | 1.1724 | −0.219% | $784K | $591K | 10x | as long as short |
| Injective ZRO/USDC PERPlong | +0.1102% | 1h | 1.1750 | long leg | $12K | $260K | 12x |
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
Kraken Futures PF_ZROUSD
Nado ZRO-PERP
Hyperliquid ZRO
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD