Funding you earn now, next payment 08:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h +0.034%
Price spread now: ApeX Omni against Orderly−0.197%70s7-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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.197% cheaper against Orderly than usual: you would sell low and buy high, −$20 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ZRO_USDC | 1.1663 | 0.0094 | pay 0.0047% / 4h | 52m 09s | $20K | $4K | 10x |
| Short | ApeX Omni ZROUSDT | 1.1640 | 0.0100 | get 0.0013% / 1h | 52m 09s | $39K | $670K | 50x |
Orderly PERP_ZRO_USDC
ApeX Omni ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Orderly. 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
- $1.2
- Price spread: −0.197% → 0.000%
- −$19.72
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$34.52
- Costs to cover
- 0.160%
- Break-even
- 208.2 days
Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 51 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 51 min ago | 12.83 bp | 22.0 bp −$22 | 125.3 bp −$1,253 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | 0.0000% | 1h | 1.1666 | +0.029% | $21K | $5K | 5x | as long as short |
| 01 Exchange ZROUSD | +0.0056% | 1h | 1.1668 | +0.041% | $4K | $5K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0092% | 4h | 1.1652 | −0.094% | $1.0M | $203K | 75x | as long as short |
| Orderly PERP_ZRO_USDClong | +0.0094% | 4h | 1.1663 | long leg | $20K | $4K | 10x | |
| Lighter ZRO | +0.0096% | 1h | 1.1684 | +0.182% | $4.3M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1682 | +0.165% | $37.0M | $5.3M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1670 | +0.060% | $157K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1660 | −0.022% | $137K | $171K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1669 | +0.051% | $21.8M | $29.0M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1662 | −0.009% | $17.9M | $13.2M | 50x | as long as short |
dYdX ZRO-USD
01 Exchange ZROUSD
BloFin ZRO-USDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1669 | +0.051% | $3.2M | $7.7M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1660 | −0.026% | $1.3M | $1.4M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1668 | +0.043% | $19.1M | $2.6M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1664 | +0.009% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1664 | +0.009% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1665 | +0.017% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1673 | +0.086% | $95K | $214K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1600 | −0.541% | $2.3M | $771K | — | as long as short |
| ApeX Omni ZROUSDTshort | +0.0100% | 1h | 1.1640 | −0.197% | $39K | $670K | 50x | |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1674 | +0.094% | $99K | $815K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1665 | +0.017% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0105% | 1h | 1.1672 | +0.079% | $1.3M | $128K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1663 | −0.003% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0432% | 1h | 1.1674 | +0.092% | $254K | $298K | 25x | as long as short |
| Extended ZRO-USD | +0.0784% | 1h | 1.1666 | +0.024% | $797K | $647K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1271% | 1h | 1.1700 | +0.317% | $12K | $261K | 12x | as long as short |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP