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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against ApeX Omni−0.057%99s7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$740.738% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.028%−$3 on $10k
Price spread, last 3 days (all we have)−0.024%−$2 · spread now −0.057%, 7d avg −0.022%
Together, before fees−0.051%−$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.036% cheaper against ApeX Omni than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.022%. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZROUSDT1.17500.0100pay 0.0013% / 1h5m 51s$37K$688K50x
ShortBinance ZROUSDT1.17430.0100get 0.0050% / 4h5m 51s$22.1M$30.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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
$0
Price spread: −0.057% → −0.022%
−$3.56
Slippage, 4 orders
−$53.82
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$77.38
Costs to cover
0.738%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 8 min ago; Binance: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 8 min ago12.78 bp24.6 bp −$25132.5 bp −$1,325doesn't fitdoesn't fit
Sell Binance live order book, 6 min ago0.43 bp12.7 bp −$1324.2 bp −$242202.0 bp −$20.2Kdoesn't fit

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−0.0240%1h1.1741−0.080%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC+0.0012%4h1.1748−0.017%$21K$7K10xas long as short
BloFin ZRO-USDT+0.0061%4h1.1745−0.043%$1.1M$256K75xas long as short
dYdX ZRO-USD+0.0092%1h1.1751+0.009%$21K$3K5xas long as short
Lighter ZRO+0.0096%1h1.1754+0.032%$4.4M$1.5M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1747−0.026%$37.2M$6.1M5xas long as short
Aster ZROUSDT+0.0100%4h1.1759+0.079%$157K$153K10xas long as short
Pacifica ZRO+0.0100%1h1.17500.000%$136K$173K5xas long as short
Binance ZROUSDTshort+0.0100%4h1.1743−0.057%$22.1M$30.8M75x
Bybit ZROUSDT+0.0100%4h1.1740−0.085%$17.9M$14.4M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1748−0.017%$3.2M$8.1M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1740−0.085%$1.3M$1.8M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1745−0.043%$19.1M$2.8M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1741−0.077%$2.4M$1.9M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1758+0.068%$2.7M$2.4M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1747−0.026%$10.7Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1752+0.017%$97K$205K20xas long as short
Variational Omni ZRO+0.0100%4h1.1735−0.128%$2.3M$879Kas long as short
ApeX Omni ZROUSDTlong+0.0100%1h1.1750long leg$37K$688K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1752+0.017%$94K$823K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1748−0.016%$21K3xas long as short
Kraken Futures PF_ZROUSD+0.0133%1h1.1755+0.044%$252K$419K25xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0291% / S −0.2341%1h1.1749−0.007%$3K100xas long as short
Nado ZRO-PERP+0.0303%1h1.1747−0.029%$1.3M$124K5xas long as short
Injective ZRO/USDC PERP+0.1159%1h1.1790+0.340%$12K$260K12xas long as short
Extended ZRO-USD+0.1904%1h1.1743−0.060%$784K$589K10xas long as short