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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against ApeX Omni+0.017%93s7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$860.860% 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 3 days (all we have)−0.087%−$9 · spread now +0.017%, 7d avg −0.033%
Together, before fees−0.086%−$9 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: Bitget is 0.049% dearer against ApeX Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.033%. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZROUSDT1.18000.0100pay 0.0013% / 1h17m 57s$37K$688K50x
ShortBitget ZROUSDT1.18020.0100get 0.0050% / 4h3h 17m$2.7M$2.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.017% → −0.033%
$4.95
Slippage, 4 orders
−$63.96
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$81.01
Costs to cover
0.860%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 55 min ago; Bitget: live order book, 4 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, 55 min ago12.78 bp24.6 bp −$25132.5 bp −$1,325doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago1.27 bp21.1 bp −$2138.2 bp −$382doesn't fitdoesn'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−0.0096%1h1.1764−0.307%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC+0.0012%4h1.1786−0.119%$21K$6K10xas long as short
Lighter ZRO+0.0096%1h1.1801+0.008%$4.4M$1.5M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1814+0.119%$37.4M$5.7M5xas long as short
Aster ZROUSDT+0.0100%4h1.1792−0.065%$158K$149K10xas long as short
Pacifica ZRO+0.0100%1h1.1768−0.271%$136K$168K5xas long as short
Binance ZROUSDT+0.0100%4h1.1801+0.009%$22.2M$30.2M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1793−0.059%$18.0M$14.1M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1802+0.017%$3.2M$8.0M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1780−0.169%$1.4M$1.5M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ZRO_USDT+0.0100%4h1.1801+0.008%$19.2M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1785−0.127%$2.4M$1.9M50xas long as short
Bitget ZROUSDTshort+0.0100%4h1.1802+0.017%$2.7M$2.4M75x
BingX ZRO-USDT+0.0100%4h1.1795−0.042%$14.7Mas long as short
Variational Omni ZRO+0.0100%4h1.1783−0.148%$2.3M$854Kas long as short
ApeX Omni ZROUSDTlong+0.0100%1h1.1800long leg$37K$688K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1775−0.212%$91K$826K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1785−0.127%$21K3xas long as short
BloFin ZRO-USDT+0.0109%4h1.18000.000%$1.1M$254K75xas long as short
dYdX ZRO-USD+0.0230%1h1.1777−0.194%$21K$3K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1784−0.138%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0301%1h1.1810+0.086%$253K$410K25xas long as short
Nado ZRO-PERP+0.0305%1h1.1767−0.280%$1.3M$128K5xas long as short
Backpack ZRO_USDC_PERP+0.0374%1h1.1806+0.051%$98K$205K20xas long as short
Injective ZRO/USDC PERP+0.1190%1h1.1840+0.339%$12K$260K12xas long as short
Extended ZRO-USD+0.1272%1h1.1797−0.025%$784K$589K10xas long as short