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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: BingX against ApeX Omni−0.378%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$620.617% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.378%, 7d avg −0.048%
Together, before fees+0.141%+$14 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: BingX is 0.330% cheaper against ApeX Omni than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of −0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZROUSDT1.16500.0100pay 0.0013% / 1h51m 03s$39K$673K50x
ShortBingX ZRO-USDT1.16060.0100get 0.0050% / 4h51m 03s$16.4M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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: −0.378% → −0.048%
−$32.96
Slippage, 4 orders
−$41.66
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$94.62
Costs to cover
0.617%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 7 min ago; BingX: live order book, 2 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, 7 min ago12.89 bp21.4 bp −$21117.3 bp −$1,173doesn't fitdoesn't fit
Sell BingX live order book, 2 min ago2.58 bp9.0 bp −$912.0 bp −$12019.7 bp −$1,97442.5 bp −$21.3K

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−0.0032%1h1.1601−0.422%$7K$3K5xas long as short
dYdX ZRO-USD0.0000%1h1.1609−0.355%$21K$4K5xas long as short
Orderly PERP_ZRO_USDC+0.0037%4h1.1602−0.412%$20K$5K10xas long as short
BloFin ZRO-USDT+0.0047%4h1.1601−0.421%$1.1M$247K75xas long as short
Lighter ZRO+0.0096%1h1.1625−0.212%$4.3M$1.2M5xas long as short
Aster ZROUSDT+0.0100%4h1.1611−0.334%$156K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1613−0.318%$135K$177K5xas long as short
Binance ZROUSDT+0.0100%4h1.1617−0.286%$21.7M$29.7M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1597−0.455%$17.7M$13.9M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1608−0.361%$3.2M$7.8M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1600−0.429%$1.3M$1.5M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1610−0.343%$19.0M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1598−0.446%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1606−0.378%$2.6M$2.6M75xas long as short
BingX ZRO-USDTshort+0.0100%4h1.1606−0.378%$16.4M
Backpack ZRO_USDC_PERP+0.0100%1h1.1616−0.292%$97K$196K20xas long as short
Variational Omni ZRO+0.0100%4h1.1590−0.515%$2.2M$810Kas long as short
ApeX Omni ZROUSDTlong+0.0100%1h1.1650long leg$39K$673K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1616−0.292%$98K$844K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1600−0.429%$20K3xas long as short
Nado ZRO-PERP+0.0195%1h1.1607−0.372%$1.3M$125K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0291% / S −0.2341%1h1.1614−0.308%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0383%1h1.1618−0.274%$255K$404K25xas long as short
Hyperliquid ZRO+0.0467%1h1.1625−0.215%$36.8M$5.4M5xas long as short
Extended ZRO-USD+0.1056%1h1.1600−0.432%$776K$590K10xas long as short
Injective ZRO/USDC PERP+0.1186%1h1.1670+0.172%$12K$260K12xas long as short