Funding you earn now, next payment 05:00 UTC−0.0121%/8h= −13.2% APRnext payment −$0.15 per $10,000 · paid last 24h −0.031%
Price spread now: Polymarket Perps against Nado+0.092%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$350.353% of the position
Funding, last 3 days (all we have)−0.064%−$6 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.092%, 7d avg +0.051%
=Together, before fees−0.078%+ Points / potential airdropNado: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.040% dearer against Nado than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of +0.051%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 27 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado ZRO-PERP | 1.1760 | 0.0221 | pay 0.0028% / 1h | 20m 36s | $1.3M | $125K | 5x |
| Short | Polymarket Perps ZRO-USD | 1.1771 | 0.0100 | get 0.0013% / 1h | 20m 36s | $100K | $850K | 5x |
Nado ZRO-PERP
Polymarket Perps ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Nado. 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
- −$25.31
- Price spread: +0.092% → +0.051%
- $4.04
- Slippage, 4 orders
- −$20.26
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$56.54
- Costs to cover
- 0.353%
- Break-even
- never at this rate
Slippage from Nado: live order book, 3 min ago; Polymarket Perps: live order book, 57 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 Nado live order book, 3 min ago | 0.85 bp | 9.2 bp −$9 | 39.1 bp −$391 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 57 min ago | 1.70 bp | 9.9 bp −$10 | 12.0 bp −$120 | 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 | +0.0050% | 4h | 1.1760 | −0.002% | $21K | $5K | 10x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1758 | −0.021% | $159K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1763 | +0.026% | $137K | $178K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1774 | +0.118% | $22.1M | $29.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1769 | +0.075% | $18.0M | $13.7M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1778 | +0.151% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1750 | −0.087% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1761 | +0.007% | $19.3M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1748 | −0.104% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1776 | +0.134% | $2.7M | $2.6M | 75x | as long as short |
Orderly PERP_ZRO_USDC
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ZRO-USDT | +0.0100% | 4h | 1.1774 | +0.117% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1754 | −0.053% | $98K | $222K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1745 | −0.126% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1740 | −0.172% | $39K | $676K | 50x | as long as short |
| Polymarket Perps ZRO-USDshort | +0.0100% | 1h | 1.1771 | +0.092% | $100K | $850K | 5x | |
| dYdX ZRO-USD | +0.0102% | 1h | 1.1758 | −0.016% | $21K | $4K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1758 | −0.019% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0110% | 4h | 1.1748 | −0.104% | $1.1M | $250K | 75x | as long as short |
| Lighter ZRO | +0.0112% | 1h | 1.1783 | +0.192% | $4.4M | $1.2M | 5x | as long as short |
| Nado ZRO-PERPlong | +0.0221% | 1h | 1.1760 | long leg | $1.3M | $125K | 5x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1761 | +0.007% | $3K | — | 100x | as long as short |
| 01 Exchange ZROUSD | +0.0344% | 1h | 1.1796 | +0.305% | $7K | $3K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0461% | 1h | 1.1763 | +0.025% | $257K | $384K | 25x | as long as short |
| Hyperliquid ZRO | +0.0590% | 1h | 1.1772 | +0.100% | $37.4M | $5.5M | 5x | as long as short |
| Extended ZRO-USD | +0.1120% | 1h | 1.1777 | +0.144% | $804K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1363% | 1h | 1.1770 | +0.083% | $12K | $261K | 12x | as long as short |
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
dYdX ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Lighter ZRO
GMX ZRO/USD [ETH-USDC]
01 Exchange ZROUSD
Kraken Futures PF_ZROUSD
Hyperliquid ZRO
Extended ZRO-USD
Injective ZRO/USDC PERP