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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Pacifica against ApeX Omni+0.008%51s7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$850.850% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.035%−$3 on $10k
Price spread, last 3 days (all we have)−0.247%−$25 · spread now +0.008%, 7d avg −0.013%
Together, before fees−0.282%+ Points / potential airdropPacifica: Active · farm board−$28 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: Pacifica is 0.021% dearer against ApeX Omni than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.013%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZROUSDT1.18100.0100pay 0.0013% / 1h36m 20s$37K$681K50x
ShortPacifica ZRO1.18110.0100get 0.0013% / 1h36m 20s$144K$195K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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: +0.008% → −0.013%
$2.13
Slippage, 4 orders
−$66.97
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$82.84
Costs to cover
0.850%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 52 min ago; Pacifica: live order book, 51 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, 52 min ago12.70 bp22.3 bp −$22121.7 bp −$1,217doesn't fitdoesn't fit
Sell Pacifica live order book, 51 min ago4.24 bp21.1 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
01 Exchange ZROUSD−0.0392%1h1.1802−0.070%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC−0.0055%4h1.1812+0.017%$21K$7K10xas long as short
dYdX ZRO-USD0.0000%1h1.1826+0.136%$21K$2K5xas long as short
Bybit ZROUSDT+0.0016%4h1.1799−0.093%$18.1M$15.9M50xas long as short
OKX ZRO-USDT-SWAP+0.0038%4h1.1811+0.008%$3.2M$9.1M20xas long as short
Lighter ZRO+0.0096%1h1.1821+0.090%$4.6M$1.2M5xas long as short
Variational Omni ZRO+0.0100%4h1.1802−0.071%$2.3M$879Kas long as short
Hyperliquid ZRO+0.0100%1h1.1823+0.110%$37.5M$6.9M5xas long as short
Aster ZROUSDT+0.0100%4h1.1824+0.117%$158K$161K10xas long as short
Pacifica ZROshort+0.0100%1h1.1811+0.008%$144K$195K5x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ZROUSDT+0.0100%4h1.1808−0.015%$22.3M$33.9M75xas long as short
Gate ZRO_USDT+0.0100%4h1.18100.000%$1.3M$2.0M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.18100.000%$19.1M$3.5M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1824+0.119%$2.6M$1.5M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1809−0.008%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.18100.000%$10.9Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1834+0.203%$92K$204K20xas long as short
ApeX Omni ZROUSDTlong+0.0100%1h1.1810long leg$37K$681K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1818+0.068%$87K$990K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1829+0.157%$21K3xas long as short
BloFin ZRO-USDT+0.0114%4h1.1826+0.135%$1.1M$266K75xas long as short
Nado ZRO-PERP+0.0164%1h1.1811+0.011%$1.3M$130K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1823+0.107%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0317%1h1.1841+0.261%$251K$577K25xas long as short
Extended ZRO-USD+0.0776%1h1.1812+0.013%$780K$560K10xas long as short
Injective ZRO/USDC PERP+0.1237%1h1.1850+0.339%$12K$145K12xas long as short