ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.028%

Price spread now: BingX against Backpack−0.025%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$330.328% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.206%+$21 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.025%, 7d avg −0.029%

Together, before fees+0.213%+$21 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ZRO_USDC_PERP	1.1866	0.0100	pay 0.0013% / 1h	16m 30s	$93K	$205K	20x
Short	BingX ZRO-USDT	1.1863	0.0100	get 0.0050% / 4h	2h 16m	—	$10.9M	—

Funding history

latest

Range statsloading…

BingX against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BackpackbpFee BingXbpOrdersPrice spread, now −0.025%Rate

Slippage from Backpack: live order book, 7 min ago; BingX: live order book, 6 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Backpack live order book, 7 min ago	0.84 bp	7.5 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	2.95 bp	8.8 bp −$9	9.5 bp −$95	26.2 bp −$2,618	56.7 bp −$28.4K

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZROUSD	−0.0400%	1h	1.1848	−0.152%	$7K	$3K	5x	as long as short
Orderly PERP_ZRO_USDC	−0.0048%	4h	1.1860	−0.051%	$21K	$7K	10x	as long as short
dYdX ZRO-USD	+0.0043%	1h	1.1860	−0.047%	$21K	$2K	5x	as long as short
BloFin ZRO-USDT	+0.0049%	4h	1.1856	−0.084%	$1.1M	$266K	75x	as long as short
Lighter ZRO	+0.0096%	1h	1.1863	−0.023%	$4.6M	$1.3M	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1870	+0.034%	$37.7M	$6.7M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1862	−0.033%	$158K	$160K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1855	−0.091%	$143K	$193K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1854	−0.099%	$22.4M	$33.1M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1850	−0.135%	$18.2M	$15.6M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1859	−0.059%	$3.2M	$9.0M	20x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1860	−0.051%	$1.3M	$2.0M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1855	−0.093%	$19.1M	$3.5M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1868	+0.017%	$3.0M	$1.8M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1853	−0.110%	$2.7M	$2.5M	75x	as long as short
BingX ZRO-USDTshort	+0.0100%	4h	1.1863	−0.025%	—	$10.9M	—
Backpack ZRO_USDC_PERPlong	+0.0100%	1h	1.1866	long leg	$93K	$205K	20x
Variational Omni ZRO	+0.0100%	4h	1.1854	−0.098%	$2.3M	$862K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1870	+0.034%	$37K	$681K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1864	−0.017%	$87K	$920K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1861	−0.046%	$21K	—	3x	as long as short
Nado ZRO-PERP	+0.0160%	1h	1.1855	−0.093%	$1.3M	$131K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0292% / S −0.2341%	1h	1.1864	−0.019%	$3K	—	100x	as long as short
Kraken Futures PF_ZROUSD	+0.0316%	1h	1.1874	+0.069%	$252K	$571K	25x	as long as short
Injective ZRO/USDC PERP	+0.1237%	1h	1.1910	+0.371%	$12K	$175K	12x	as long as short
Extended ZRO-USD	+0.1768%	1h	1.1854	−0.105%	$784K	$555K	10x	as long as short