ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0134%/8h= +14.6% APRnext payment +$0.67 per $10,000 · paid last 24h +0.035%

Price spread now: Variational Omni against Orderly−0.165%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.165% cheaper against Orderly than usual: you would sell low and buy high (spread −0.165% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 4.1 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ZRO_USDC	1.1804	−0.0034	get 0.0017% / 4h	1h 19m	$21K	$7K	10x
Short	Variational Omni ZRO	1.1785	0.0100	get 0.0050% / 4h	1h 19m	$2.3M	$868K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee Variational OmnibpOrdersPrice spread, now −0.165%Rate

Funding earned: $28.04
Price spread: −0.165% → 0.000%: −$16.5
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $5.54
Costs to cover: 0.060%
Break-even: 5.6 days

Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 5 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 Variational Omni RFQ quote, 5 min ago	3.60 bp	doesn't fit	46.7 bp −$467	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	−0.0496%	1h	1.1798	−0.052%	$7K	$3K	5x	as long as short
Orderly PERP_ZRO_USDClong	−0.0034%	4h	1.1804	long leg	$21K	$7K	10x
BloFin ZRO-USDT	+0.0054%	4h	1.1815	+0.093%	$1.1M	$263K	75x	as long as short
Kraken Futures PF_ZROUSD	+0.0059%	1h	1.1807	+0.025%	$250K	$516K	25x	as long as short
Lighter ZRO	+0.0096%	1h	1.1803	−0.008%	$4.4M	$1.5M	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1820	+0.136%	$37.5M	$6.2M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1810	+0.053%	$158K	$153K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1803	−0.011%	$137K	$183K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1803	−0.008%	$22.2M	$31.7M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1793	−0.093%	$18.0M	$14.8M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1809	+0.042%	$3.2M	$8.5M	20x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1810	+0.051%	$1.3M	$1.8M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1802	−0.017%	$19.1M	$3.1M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1794	−0.085%	$2.7M	$1.9M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1801	−0.025%	$2.7M	$2.4M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1801	−0.025%	—	$10.8M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1805	+0.008%	$100K	$208K	20x	as long as short
Variational Omni ZROshort	+0.0100%	4h	1.1785	−0.165%	$2.3M	$868K	—
ApeX Omni ZROUSDT	+0.0100%	1h	1.1810	+0.051%	$37K	$683K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1813	+0.076%	$88K	$904K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1802	−0.015%	$21K	—	3x	as long as short
dYdX ZRO-USD	+0.0141%	1h	1.1798	−0.051%	$21K	$2K	5x	as long as short
Nado ZRO-PERP	+0.0194%	1h	1.1804	−0.002%	$1.3M	$124K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0292% / S −0.2341%	1h	1.1810	+0.051%	$3K	—	100x	as long as short
Injective ZRO/USDC PERP	+0.0980%	1h	1.1800	−0.034%	$12K	$260K	12x	as long as short
Extended ZRO-USD	+0.2488%	1h	1.1798	−0.051%	$780K	$560K	10x	as long as short