Settings8H · net · $10k
Funding arb · Price arb /

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0443%/8h= +48.5% APRnext payment +$0.55 per $10,000 · paid last 24h −0.047%
Price spread now: Kraken Futures against Aevo+0.216%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Kraken Futures is 0.216% dearer against Aevo than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ZRO-PERP1.19550.0104pay 0.0013% / 1h54m 47s$21K3x
ShortKraken Futures PF_ZROUSD1.19810.0547get 0.0068% / 1h54m 47s$273K$313K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aevo. 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

Funding earned
$93.04
Price spread: +0.216% → 0.000%
$21.6
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$88.64
Costs to cover
0.260%
Break-even
0.3 days
Slippage unknown: Aevo: no order-book sample; Kraken Futures: live order book, 43 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Kraken Futures live order book, 43 min ago39.04 bp47.4 bp −$47152.7 bp −$1,527doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ZROUSD−0.0008%1h1.1948−0.059%$4K$5K5xas long as short
dYdX ZRO-USD0.0000%1h1.2017+0.518%$22K$5K5xas long as short
Orderly PERP_ZRO_USDC+0.0080%4h1.1960+0.042%$21K$4K10xas long as short
Lighter ZRO+0.0096%1h1.2033+0.657%$4.5M$1.2M5xas long as short
Nado ZRO-PERP+0.0100%1h1.1940−0.122%$1.4M$128K5xas long as short
Hyperliquid ZRO+0.0100%1h1.2025+0.586%$38.1M$5.4M5xas long as short
Aster ZROUSDT+0.0100%4h1.2017+0.515%$162K$151K10xas long as short
Pacifica ZRO+0.0100%1h1.2012+0.473%$141K$168K5xas long as short
Binance ZROUSDT+0.0100%4h1.2017+0.515%$22.5M$29.3M75xas long as short
Bybit ZROUSDT+0.0100%4h1.2009+0.452%$18.4M$13.2M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.2014+0.494%$3.3M$8.0M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1990+0.293%$1.4M$1.3M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.2020+0.544%$20.1M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.2003+0.402%$2.5M$2.2M50xas long as short
Bitget ZROUSDT+0.0100%4h1.2000+0.376%$2.8M$2.6M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1996+0.343%$21.7Mas long as short
Variational Omni ZRO+0.0100%4h1.1933−0.188%$2.3M$759Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1840−0.962%$40K$668K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1953−0.017%$101K$807K5xas long as short
Aevo ZRO-PERPlong+0.0104%1h1.1955long leg$21K3x
BloFin ZRO-USDT+0.0141%4h1.1950−0.042%$1.1M$202K75xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0295% / S −0.2341%1h1.1958+0.024%$3K100xas long as short
Extended ZRO-USD+0.0464%1h1.2000+0.380%$819K$647K10xas long as short
Kraken Futures PF_ZROUSDshort+0.0547%1h1.1981+0.216%$273K$313K25x
Backpack ZRO_USDC_PERP+0.0835%1h1.1993+0.318%$96K$221K20xas long as short
Injective ZRO/USDC PERP+0.1160%1h1.1980+0.209%$13K$258K12xas long as short