Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.022%
Price spread now: Bitget against Backpack−0.034%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$540.535% of the position
Funding, last 7 days+0.199%+$20 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.034%, 7d avg −0.026%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ZRO_USDC_PERP | 1.1780 | 0.0100 | pay 0.0013% / 1h | 36m 53s | $100K | $207K | 20x |
| Short | Bitget ZROUSDT | 1.1776 | 0.0100 | get 0.0050% / 4h | 36m 53s | $2.7M | $2.4M | 75x |
Backpack ZRO_USDC_PERP
Bitget ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.034% → −0.026%
- −$0.8
- Slippage, 4 orders
- −$31.54
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$54.34
- Costs to cover
- 0.535%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 41 min ago; Bitget: live order book, 6 min ago.
Cost to enter
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, 41 min ago | 0.42 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 6 min ago | 3.82 bp | 18.0 bp −$18 | 35.3 bp −$353 | doesn't fit | doesn't fit |
ZRO on 26 venues
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 | −0.0160% | 1h | 1.1777 | −0.028% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0001% | 4h | 1.1783 | +0.025% | $21K | $7K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1784 | +0.035% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1783 | +0.025% | $37.4M | $6.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1783 | +0.028% | $158K | $153K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1787 | +0.056% | $137K | $177K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1766 | −0.117% | $22.1M | $31.2M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1758 | −0.187% | $18.0M | $14.7M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1768 | −0.102% | $3.2M | $8.3M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1770 | −0.085% | $1.3M | $1.8M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1770 | −0.085% | $19.1M | $2.8M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1776 | −0.034% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDTshort | +0.0100% | 4h | 1.1776 | −0.034% | $2.7M | $2.4M | 75x | |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1767 | −0.110% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERPlong | +0.0100% | 1h | 1.1780 | long leg | $100K | $207K | 20x | |
| Variational Omni ZRO | +0.0100% | 4h | 1.1807 | +0.225% | $2.3M | $877K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1810 | +0.255% | $37K | $688K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1784 | +0.034% | $94K | $824K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1779 | −0.004% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0118% | 4h | 1.1774 | −0.051% | $1.1M | $256K | 75x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0132% | 1h | 1.1788 | +0.067% | $253K | $434K | 25x | as long as short |
| dYdX ZRO-USD | +0.0136% | 1h | 1.1788 | +0.068% | $21K | $2K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1778 | −0.020% | $3K | — | 100x | as long as short |
| Nado ZRO-PERP | +0.0372% | 1h | 1.1774 | −0.051% | $1.3M | $125K | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.1159% | 1h | 1.1840 | +0.509% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1936% | 1h | 1.1768 | −0.100% | $784K | $610K | 10x | as long as short |
MEXC ZRO_USDT
KuCoin ZROUSDTM
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Kraken Futures PF_ZROUSD
dYdX ZRO-USD
GMX ZRO/USD [ETH-USDC]
Nado ZRO-PERP
Injective ZRO/USDC PERP
Extended ZRO-USD