Funding you earn now, next payment 01:00 UTC−0.0092%/8h= −10.0% APRpaid last 24h −0.033%
Price spread now: 01 Exchange against Orderly−0.082%7-day average — · you buy dearer than you sell
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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and 01 Exchange is 0.082% cheaper against Orderly than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ZRO_USDC | 1.1830 | 0.0012 | pay 0.0006% / 4h | 3h 25m | $21K | $6K | 10x |
| Short | 01 Exchange ZROUSD | 1.1820 | −0.0080 | pay 0.0010% / 1h | 25m 44s | $7K | $3K | 5x |
Orderly PERP_ZRO_USDC
01 Exchange ZROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$19.23
- Price spread: −0.082% → 0.000%
- −$8.2
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$40.43
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; 01 Exchange: no order-book sample. 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 01 Exchange no order-book sample | — | — | — | — | — |
Orderly and 01 Exchange: 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 ZROUSDshort | −0.0080% | 1h | 1.1820 | −0.082% | $7K | $3K | 5x | |
| Orderly PERP_ZRO_USDClong | +0.0012% | 4h | 1.1830 | long leg | $21K | $6K | 10x | |
| BloFin ZRO-USDT | +0.0060% | 4h | 1.1801 | −0.245% | $1.1M | $254K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1841 | +0.095% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1841 | +0.091% | $37.5M | $5.8M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1838 | +0.065% | $158K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1828 | −0.014% | $137K | $170K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1828 | −0.013% | $22.2M | $30.2M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1825 | −0.042% | $18.1M | $14.1M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1830 | 0.000% | $3.2M | $8.1M | 20x | as long as short |
BloFin ZRO-USDT
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 | 0.000% | $1.4M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1830 | 0.000% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1818 | −0.101% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1820 | −0.085% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1827 | −0.025% | — | $14.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1824 | −0.055% | $2.3M | $854K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1770 | −0.507% | $37K | $688K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1834 | +0.034% | $92K | $828K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1825 | −0.042% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0246% | 1h | 1.1824 | −0.051% | $21K | $3K | 5x | as long as short |
| Nado ZRO-PERP | +0.0289% | 1h | 1.1823 | −0.060% | $1.3M | $129K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1830 | −0.002% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0300% | 1h | 1.1844 | +0.119% | $254K | $410K | 25x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0379% | 1h | 1.1836 | +0.051% | $100K | $204K | 20x | as long as short |
| Injective ZRO/USDC PERP | +0.1190% | 1h | 1.1840 | +0.085% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1360% | 1h | 1.1824 | −0.054% | $788K | $589K | 10x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
dYdX ZRO-USD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Backpack ZRO_USDC_PERP
Injective ZRO/USDC PERP
Extended ZRO-USD