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 −0.039%
Price spread now: OKX against ApeX Omni+0.103%7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$850.852% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.085%−$8 on $10k
Price spread, last 4 days (all we have)−0.174%−$17 · spread now +0.103%, 7d avg −0.045%
Together, before fees−0.259%−$26 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: OKX is 0.148% dearer against ApeX Omni than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZROUSDT1.16800.0100pay 0.0013% / 1h14m 50s$39K$676K50x
ShortOKX ZRO-USDT-SWAP1.16920.0100get 0.0050% / 4h2h 14m$3.2M$7.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: +0.103% → −0.045%
$14.82
Slippage, 4 orders
−$65.25
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$70.42
Costs to cover
0.852%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 34 min ago; OKX: live order book, 3 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, 34 min ago8.58 bp25.4 bp −$25116.7 bp −$1,167doesn't fitdoesn't fit
Sell OKX live order book, 3 min ago2.99 bp20.7 bp −$21doesn't fitdoesn'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+0.0008%1h1.1689+0.080%$21K$5K5xas long as short
Orderly PERP_ZRO_USDC+0.0069%4h1.1689+0.077%$20K$4K10xas long as short
BloFin ZRO-USDT+0.0086%4h1.1691+0.094%$1.0M$253K75xas long as short
Lighter ZRO+0.0096%1h1.1710+0.258%$4.4M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1707+0.231%$37.1M$5.5M5xas long as short
Aster ZROUSDT+0.0100%4h1.1697+0.149%$158K$151K10xas long as short
Pacifica ZRO+0.0100%1h1.1693+0.111%$137K$175K5xas long as short
Binance ZROUSDT+0.0100%4h1.1690+0.088%$21.9M$29.4M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1688+0.068%$17.9M$13.6M50xas long as short
OKX ZRO-USDT-SWAPshort+0.0100%4h1.1692+0.103%$3.2M$7.8M20x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.16800.000%$1.3M$1.5M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1690+0.086%$19.2M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1682+0.017%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1686+0.051%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1689+0.077%$16.6Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1692+0.103%$94K$220K20xas long as short
Variational Omni ZRO+0.0100%4h1.1682+0.018%$2.3M$809Kas long as short
ApeX Omni ZROUSDTlong+0.0100%1h1.1680long leg$39K$676K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1693+0.111%$102K$815K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.16800.000%$21K3xas long as short
01 Exchange ZROUSD+0.0128%1h1.1693+0.116%$4K$5K5xas long as short
Nado ZRO-PERP+0.0166%1h1.1690+0.082%$1.3M$126K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1684+0.036%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0703%1h1.1693+0.113%$253K$335K25xas long as short
Extended ZRO-USD+0.0952%1h1.1694+0.121%$799K$625K10xas long as short
Injective ZRO/USDC PERP+0.1343%1h1.1740+0.514%$12K$261K12xas long as short