Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.008%
Price spread now: Backpack against Aevo+0.069%7-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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.069% dearer against Aevo than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo ZRO-PERP | 1.1762 | 0.0104 | pay 0.0013% / 1h | 18m 10s | $21K | — | 3x |
| Short | Backpack ZRO_USDC_PERP | 1.1770 | 0.0100 | get 0.0013% / 1h | 18m 10s | $97K | $195K | 20x |
Aevo ZRO-PERP
Backpack ZRO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aevo. 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
- −$0.84
- Price spread: +0.069% → 0.000%
- $6.94
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$19.9
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Backpack: live order book, 45 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 45 min ago | 0.43 bp | 7.4 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
Aevo: 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 | −0.0304% | 1h | 1.1789 | +0.231% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | +0.0030% | 1h | 1.1778 | +0.134% | $21K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0036% | 4h | 1.1764 | +0.018% | $21K | $5K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0070% | 4h | 1.1755 | −0.058% | $1.1M | $250K | 75x | as long as short |
| Gate ZRO_USDT | +0.0090% | 4h | 1.1760 | −0.016% | $1.4M | $1.5M | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1780 | +0.153% | $4.4M | $1.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1780 | +0.154% | $159K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1777 | +0.126% | $137K | $176K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1760 | −0.016% | $22.0M | $29.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1753 | −0.075% | $17.9M | $14.0M | 50x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Gate ZRO_USDT
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1760 | −0.016% | $3.2M | $8.0M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1760 | −0.016% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1762 | +0.001% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1767 | +0.044% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1764 | +0.018% | — | $16.4M | — | as long as short |
| Backpack ZRO_USDC_PERPshort | +0.0100% | 1h | 1.1770 | +0.069% | $97K | $195K | 20x | |
| Variational Omni ZRO | +0.0100% | 4h | 1.1734 | −0.234% | $2.3M | $810K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1750 | −0.101% | $39K | $672K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1784 | +0.188% | $99K | $846K | 5x | as long as short |
| Aevo ZRO-PERPlong | +0.0104% | 1h | 1.1762 | long leg | $21K | — | 3x | |
| Hyperliquid ZRO | +0.0182% | 1h | 1.1786 | +0.205% | $37.3M | $5.5M | 5x | as long as short |
| Nado ZRO-PERP | +0.0195% | 1h | 1.1779 | +0.145% | $1.3M | $124K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0197% | 1h | 1.1775 | +0.115% | $259K | $407K | 25x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1760 | −0.012% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0696% | 1h | 1.1755 | −0.058% | $784K | $591K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1102% | 1h | 1.1810 | +0.409% | $12K | $260K | 12x | as long as short |
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Hyperliquid ZRO
Nado ZRO-PERP
Kraken Futures PF_ZROUSD
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP