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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Binance−0.287%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$680.682% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.028%+$3 on $10k
Price spread, last 3 days (all we have)+0.343%+$34 · spread now −0.287%, 7d avg +0.022%
Together, before fees+0.371%+$37 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: ApeX Omni is 0.310% cheaper against Binance than usual: you would sell low and buy high, −$31 on $10k if it goes back to its 7-day average of +0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ZROUSDT1.17540.0100pay 0.0050% / 4h2h 48m$22.0M$30.1M75x
ShortApeX Omni ZROUSDT1.17200.0100get 0.0013% / 1h48m 53s$39K$685K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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: −0.287% → +0.022%
−$30.96
Slippage, 4 orders
−$48.21
Fee Binance: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$99.17
Costs to cover
0.682%
Break-even
never at this rate
Slippage from Binance: live order book, 8 min ago; ApeX Omni: live order book, 20 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 Binance live order book, 8 min ago0.86 bp14.9 bp −$1538.3 bp −$383350.0 bp −$35.0Kdoesn't fit
Sell ApeX Omni live order book, 20 min ago8.44 bp17.2 bp −$17118.7 bp −$1,187doesn'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−0.0184%1h1.1756+0.019%$7K$3K5xas long as short
dYdX ZRO-USD0.0000%1h1.1755+0.007%$21K$3K5xas long as short
Orderly PERP_ZRO_USDC+0.0010%4h1.1749−0.041%$21K$6K10xas long as short
Lighter ZRO+0.0096%1h1.1773+0.168%$4.4M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1767+0.112%$37.3M$5.5M5xas long as short
Aster ZROUSDT+0.0100%4h1.1771+0.146%$157K$149K10xas long as short
Pacifica ZRO+0.0100%1h1.1756+0.022%$136K$168K5xas long as short
Binance ZROUSDTlong+0.0100%4h1.1754long leg$22.0M$30.1M75x
Bybit ZROUSDT+0.0100%4h1.1745−0.075%$18.0M$14.1M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1750−0.032%$3.2M$8.0M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1750−0.032%$1.3M$1.5M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1758+0.036%$19.1M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1763+0.078%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1753−0.007%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1750−0.032%$16.5Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1760+0.053%$100K$212K20xas long as short
Variational Omni ZRO+0.0100%4h1.1712−0.358%$2.3M$837Kas long as short
ApeX Omni ZROUSDTshort+0.0100%1h1.1720−0.287%$39K$685K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1763+0.078%$92K$843K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1747−0.056%$21K3xas long as short
BloFin ZRO-USDT+0.0132%4h1.1753−0.007%$1.1M$253K75xas long as short
Nado ZRO-PERP+0.0197%1h1.1748−0.050%$1.3M$126K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1752−0.016%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0370%1h1.1759+0.045%$252K$407K25xas long as short
Extended ZRO-USD+0.0992%1h1.1752−0.015%$784K$593K10xas long as short
Injective ZRO/USDC PERP+0.1213%1h1.1810+0.478%$12K$260K12xas long as short