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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: KuCoin against ApeX Omni+0.431%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$1471.466% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.007%−$1 on $10k
Price spread, last 4 days (all we have)−0.508%−$51 · spread now +0.431%, 7d avg −0.012%
Together, before fees−0.516%−$52 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: KuCoin is 0.443% dearer against ApeX Omni than usual: you sell high and buy low, +$44 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZROUSDT1.15900.0100pay 0.0013% / 1h35m 09s$39K$678K50x
ShortKuCoin ZROUSDTM1.16400.0100get 0.0050% / 4h2h 35m$2.4M$2.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.431% → −0.012%
$44.32
Slippage, 4 orders
−$124.58
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$102.27
Costs to cover
1.466%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 13 min ago; KuCoin: 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, 13 min ago8.58 bp25.4 bp −$25116.7 bp −$1,167doesn't fitdoesn't fit
Sell KuCoin live order book, 6 min ago7.34 bp49.8 bp −$50133.3 bp −$1,333doesn'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
dYdX ZRO-USD+0.0011%1h1.1638+0.415%$21K$5K5xas long as short
Backpack ZRO_USDC_PERP+0.0030%1h1.1636+0.397%$93K$218K20xas long as short
Orderly PERP_ZRO_USDC+0.0063%4h1.1646+0.483%$20K$4K10xas long as short
Lighter ZRO+0.0096%1h1.1667+0.668%$4.3M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1626+0.311%$36.9M$5.5M5xas long as short
Aster ZROUSDT+0.0100%4h1.1634+0.380%$157K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1644+0.465%$137K$176K5xas long as short
Binance ZROUSDT+0.0100%4h1.1618+0.241%$21.7M$29.5M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1614+0.207%$17.8M$13.6M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1612+0.190%$3.2M$7.7M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1640+0.431%$1.3M$1.5M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1641+0.440%$19.1M$2.7M125xas long as short
KuCoin ZROUSDTMshort+0.0100%4h1.1640+0.431%$2.4M$2.0M50x
Bitget ZROUSDT+0.0100%4h1.1634+0.380%$2.7M$2.6M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1626+0.311%$16.5Mas long as short
Variational Omni ZRO+0.0100%4h1.1599+0.075%$2.2M$809Kas long as short
ApeX Omni ZROUSDTlong+0.0100%1h1.1590long leg$39K$678K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1651+0.526%$102K$817K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1640+0.431%$21K3xas long as short
BloFin ZRO-USDT+0.0122%4h1.1642+0.449%$1.1M$249K75xas long as short
01 Exchange ZROUSD+0.0160%1h1.1648+0.505%$4K$5K5xas long as short
Nado ZRO-PERP+0.0164%1h1.1651+0.524%$1.3M$126K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1648+0.500%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0706%1h1.1657+0.577%$254K$336K25xas long as short
Extended ZRO-USD+0.0944%1h1.1645+0.473%$795K$625K10xas long as short
Injective ZRO/USDC PERP+0.1343%1h1.1670+0.690%$12K$260K12xas long as short