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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Binance−0.054%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$680.683% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.025%+$3 on $10k
Price spread, last 7 days+0.123%+$12 · spread now −0.054%, 7d avg −0.017%
Together, before fees+0.148%+$15 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: Bitget is 0.037% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ZROUSDT1.15590.0100pay 0.0050% / 4h2h 39m$21.6M$29.5M75x
ShortBitget ZROUSDT1.15530.0100get 0.0050% / 4h2h 39m$2.6M$2.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.054% → −0.017%
−$3.68
Slippage, 4 orders
−$46.28
Fee Binance: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$71.96
Costs to cover
0.683%
Break-even
never at this rate
Slippage from Binance: live order book, 2 min ago; Bitget: 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 Binance live order book, 2 min ago0.86 bp13.6 bp −$1437.7 bp −$377347.4 bp −$34.7Kdoesn't fit
Sell Bitget live order book, 3 min ago3.88 bp22.1 bp −$2243.9 bp −$439doesn'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
Backpack ZRO_USDC_PERP−0.0134%1h1.1563+0.032%$93K$218K20xas long as short
dYdX ZRO-USD+0.0014%1h1.1558−0.009%$21K$4K5xas long as short
Orderly PERP_ZRO_USDC+0.0062%4h1.1567+0.067%$20K$4K10xas long as short
Lighter ZRO+0.0096%1h1.1576+0.146%$4.3M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1572+0.110%$36.7M$5.5M5xas long as short
Aster ZROUSDT+0.0100%4h1.1570+0.090%$156K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1556−0.025%$136K$176K5xas long as short
Binance ZROUSDTlong+0.0100%4h1.1559long leg$21.6M$29.5M75x
Bybit ZROUSDT+0.0100%4h1.1560+0.006%$17.7M$13.6M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1564+0.041%$3.1M$7.7M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1550−0.080%$1.3M$1.5M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1561+0.015%$19.0M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1551−0.072%$2.3M$2.0M50xas long as short
Bitget ZROUSDTshort+0.0100%4h1.1553−0.054%$2.6M$2.6M75x
BingX ZRO-USDT+0.0100%4h1.1561+0.015%$16.5Mas long as short
Variational Omni ZRO+0.0100%4h1.1575+0.138%$2.2M$809Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1590+0.266%$39K$678K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1564+0.041%$101K$817K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1561+0.019%$20K3xas long as short
BloFin ZRO-USDT+0.0155%4h1.1588+0.249%$1.0M$246K75xas long as short
01 Exchange ZROUSD+0.0184%1h1.1553−0.053%$4K$5K5xas long as short
Nado ZRO-PERP+0.0212%1h1.1563+0.031%$1.3M$126K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1561+0.015%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0711%1h1.1572+0.114%$252K$336K25xas long as short
Extended ZRO-USD+0.1000%1h1.1566+0.058%$791K$625K10xas long as short
Injective ZRO/USDC PERP+0.1343%1h1.1610+0.439%$12K$260K12xas long as short