Funding you earn now, next payment 23:00 UTC+0.0218%/8h= +23.8% APRpaid last 24h +0.056%
Price spread now: Nado against Orderly+0.009%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ZRO_USDC | 1.1828 | −0.0024 | get 0.0012% / 4h | 1h 05m | $21K | $7K | 10x |
| Short | Nado ZRO-PERP | 1.1829 | 0.0194 | get 0.0024% / 1h | 5m 15s | $1.3M | $126K | 5x |
Orderly PERP_ZRO_USDC
Nado ZRO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $45.7
- Price spread: +0.009% → 0.000%
- $0.87
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $33.56
- Costs to cover
- 0.130%
- Break-even
- 1.9 days
Slippage unknown: Orderly: no order-book sample; Nado: live order book, 3 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 Nado live order book, 3 min ago | 2.53 bp | 11.6 bp −$12 | 27.2 bp −$272 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZROUSD | −0.0432% | 1h | 1.1826 | −0.013% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDClong | −0.0024% | 4h | 1.1828 | long leg | $21K | $7K | 10x | |
| Kraken Futures PF_ZROUSD | +0.0059% | 1h | 1.1844 | +0.131% | $254K | $434K | 25x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1830 | +0.016% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1846 | +0.152% | $37.6M | $6.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1832 | +0.035% | $158K | $154K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1825 | −0.028% | $137K | $181K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1828 | 0.000% | $22.2M | $31.5M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1822 | −0.051% | $18.1M | $14.8M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1829 | +0.008% | $3.2M | $8.5M | 20x | as long as short |
01 Exchange ZROUSD
Kraken Futures PF_ZROUSD
Lighter ZRO
Hyperliquid 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 | 1.1830 | +0.017% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1826 | −0.017% | $19.1M | $3.1M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1815 | −0.110% | $2.5M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1827 | −0.008% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1826 | −0.017% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1840 | +0.101% | $100K | $208K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1810 | −0.153% | $2.3M | $850K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1810 | −0.152% | $37K | $685K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1835 | +0.059% | $89K | $865K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1825 | −0.025% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0113% | 4h | 1.1819 | −0.076% | $1.1M | $263K | 75x | as long as short |
| dYdX ZRO-USD | +0.0154% | 1h | 1.1834 | +0.052% | $21K | $2K | 5x | as long as short |
| Nado ZRO-PERPshort | +0.0194% | 1h | 1.1829 | +0.009% | $1.3M | $126K | 5x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1832 | +0.033% | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERP | +0.0980% | 1h | 1.1860 | +0.271% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.2376% | 1h | 1.1827 | −0.006% | $784K | $560K | 10x | as long as short |
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
BloFin ZRO-USDT
dYdX ZRO-USD
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP
Extended ZRO-USD