Funding you earn now, next payment 03:00 UTC+0.1066%/8h= +116.8% APRpaid last 24h +0.174%
Price spread now: Injective against Orderly+0.522%58s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$32 a day on $10k at the current rate, and Injective is 0.522% dearer against Orderly than usual: you sell high and buy low: +$52 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 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 | 1.1679 | 0.0036 | pay 0.0018% / 4h | 1h 57m | $20K | $5K | 10x |
| Short | Injective ZRO/USDC PERP | 1.1740 | 0.1102 | get 0.0138% / 1h | 57m 54s | $12K | $260K | 12x |
Orderly PERP_ZRO_USDC
Injective ZRO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $223.92
- Price spread: +0.522% → 0.000%
- $52.23
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $270.13
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Injective: live order book, 6 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 Injective live order book, 6 min ago | 34.19 bp | 44.8 bp −$45 | doesn't fit | 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 25 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 | −0.0592% | 1h | 1.1672 | −0.058% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1697 | +0.154% | $21K | $3K | 5x | as long as short |
| Bybit ZROUSDT | +0.0017% | 4h | 1.1652 | −0.231% | $17.9M | $13.9M | 50x | as long as short |
| Orderly PERP_ZRO_USDClong | +0.0036% | 4h | 1.1679 | long leg | $20K | $5K | 10x | |
| Gate ZRO_USDT | +0.0046% | 4h | 1.1660 | −0.163% | $1.3M | $1.5M | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1701 | +0.191% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1684 | +0.043% | $37.0M | $5.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1680 | +0.007% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1690 | +0.093% | $136K | $169K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1658 | −0.177% | $21.8M | $29.7M | 75x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Bybit ZROUSDT
Gate ZRO_USDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1657 | −0.188% | $3.2M | $7.9M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1659 | −0.171% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1676 | −0.026% | $2.3M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1651 | −0.240% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1657 | −0.188% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1679 | 0.000% | $97K | $206K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1687 | +0.072% | $2.3M | $814K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1710 | +0.265% | $39K | $675K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1697 | +0.154% | $91K | $834K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1667 | −0.102% | $21K | — | 3x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0198% | 1h | 1.1703 | +0.206% | $258K | $406K | 25x | as long as short |
| Nado ZRO-PERP | +0.0270% | 1h | 1.1678 | −0.010% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1688 | +0.078% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0992% | 1h | 1.1655 | −0.208% | $781K | $590K | 10x | as long as short |
| Injective ZRO/USDC PERPshort | +0.1102% | 1h | 1.1740 | +0.522% | $12K | $260K | 12x |
OKX ZRO-USDT-SWAP
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
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD