Funding you earn now, next payment 11:00 UTC+0.0121%/8h= +13.2% APRpaid last 24h +0.030%
Price spread now: Polymarket Perps against Orderly−0.017%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 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 | 1.1840 | −0.0021 | get 0.0010% / 4h | 1h 52m | $20K | $2K | 10x |
| Short | Polymarket Perps ZRO-USD | 1.1838 | 0.0100 | get 0.0013% / 1h | 52m 45s | $101K | $728K | 5x |
Orderly PERP_ZRO_USDC
Polymarket Perps ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $25.33
- Price spread: −0.017% → 0.000%
- −$1.69
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $9.64
- Costs to cover
- 0.140%
- Break-even
- 4.3 days
Slippage unknown: Orderly: no order-book sample; Polymarket Perps: live order book, 53 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 Polymarket Perps live order book, 53 min ago | 2.55 bp | 15.2 bp −$15 | 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 26 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ZRO/USDC PERP | −0.0774% | 1h | 1.1760 | −0.676% | $12K | $257K | 12x | as long as short |
| Kraken Futures PF_ZROUSD | −0.0529% | 1h | 1.1845 | +0.043% | $269K | $211K | 25x | as long as short |
| Bybit ZROUSDT | −0.0061% | 4h | 1.1824 | −0.135% | $18.1M | $11.7M | 50x | as long as short |
| 01 Exchange ZROUSD | −0.0056% | 1h | 1.1836 | −0.035% | $4K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDClong | −0.0021% | 4h | 1.1840 | long leg | $20K | $2K | 10x | |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1847 | +0.061% | $21K | $5K | 5x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0001% | 4h | 1.1826 | −0.118% | $3.2M | $7.5M | 20x | as long as short |
| BloFin ZRO-USDT | +0.0066% | 4h | 1.1847 | +0.059% | $1.0M | $143K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1852 | +0.105% | $4.4M | $1.1M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1850 | +0.084% | $37.5M | $5.0M | 5x | as long as short |
Injective ZRO/USDC PERP
Kraken Futures PF_ZROUSD
Bybit ZROUSDT
01 Exchange ZROUSD
dYdX ZRO-USD
OKX ZRO-USDT-SWAP
BloFin ZRO-USDT
Lighter ZRO
Hyperliquid ZROShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZROUSDT | +0.0100% | 4h | 1.1843 | +0.024% | $160K | $124K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1841 | +0.008% | $137K | $143K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1830 | −0.084% | $22.1M | $26.7M | 75x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1840 | 0.000% | $1.4M | $1.1M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1835 | −0.042% | $9.5M | $2.4M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1842 | +0.017% | $2.3M | $2.3M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1834 | −0.051% | $2.8M | $2.3M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1836 | −0.034% | — | $25.2M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1817 | −0.194% | $2.3M | $733K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1830 | −0.084% | $40K | $668K | 50x | as long as short |
| Polymarket Perps ZRO-USDshort | +0.0100% | 1h | 1.1838 | −0.017% | $101K | $728K | 5x | |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1836 | −0.032% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0212% | 1h | 1.1843 | +0.027% | $1.4M | $121K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1841 | +0.011% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0344% | 1h | 1.1830 | −0.082% | $806K | $654K | 10x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0746% | 1h | 1.1842 | +0.017% | $94K | $215K | 20x | as long as short |
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Backpack ZRO_USDC_PERP