Funding arb · Price arb /

ZRO

all ZRO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0098%/8h= −10.8% APRpaid last 24h −0.026%

Price spread now: dYdX against Binance+0.092%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.092% dearer against Binance than usual: you sell high and buy low (spread +0.092% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZROUSDT	1.1845	0.0100	pay 0.0050% / 4h	2h 30m	$22.4M	$33.7M	75x
Short	dYdX ZRO-USD	1.1856	0.0002	get 0.0000% / 1h	30m 59s	$21K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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

Position, each leg$Hold fordaysFee BinancebpFee dYdXbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$20.63
Price spread: +0.092% → 0.000%: $9.21
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$31.42
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 11 min ago; dYdX: no order-book sample. Net counts fees only.

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 Binance live order book, 11 min ago	0.42 bp	12.2 bp −$12	29.6 bp −$296	240.6 bp −$24.1K	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0440%	1h	1.1830	−0.128%	$7K	$3K	5x	as long as short
Orderly PERP_ZRO_USDC	−0.0061%	4h	1.1847	+0.017%	$21K	$7K	10x	as long as short
dYdX ZRO-USDshort	+0.0002%	1h	1.1856	+0.092%	$21K	$2K	5x
OKX ZRO-USDT-SWAP	+0.0051%	4h	1.1849	+0.034%	$3.2M	$9.1M	20x	as long as short
Bybit ZROUSDT	+0.0081%	4h	1.1837	−0.068%	$18.1M	$15.8M	50x	as long as short
Lighter ZRO	+0.0096%	1h	1.1849	+0.031%	$4.6M	$1.3M	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1861	+0.135%	$37.7M	$6.9M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1857	+0.099%	$158K	$161K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1849	+0.032%	$144K	$195K	5x	as long as short
Binance ZROUSDTlong	+0.0100%	4h	1.1845	long leg	$22.4M	$33.7M	75x

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ZRO_USDT	+0.0100%	4h	1.1840	−0.042%	$1.3M	$2.0M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1844	−0.008%	$19.1M	$3.5M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1848	+0.025%	$2.5M	$1.6M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1848	+0.025%	$2.7M	$2.5M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1843	−0.017%	—	$10.9M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1856	+0.093%	$93K	$203K	20x	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1797	−0.409%	$2.3M	$864K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1850	+0.042%	$37K	$682K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1852	+0.059%	$87K	$990K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1845	0.000%	$21K	—	3x	as long as short
BloFin ZRO-USDT	+0.0114%	4h	1.1847	+0.017%	$1.1M	$266K	75x	as long as short
Nado ZRO-PERP	+0.0142%	1h	1.1845	−0.002%	$1.3M	$130K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0292% / S −0.2341%	1h	1.1861	+0.133%	$3K	—	100x	as long as short
Kraken Futures PF_ZROUSD	+0.0316%	1h	1.1860	+0.126%	$251K	$577K	25x	as long as short
Extended ZRO-USD	+0.0904%	1h	1.1842	−0.025%	$784K	$560K	10x	as long as short
Injective ZRO/USDC PERP	+0.1237%	1h	1.1840	−0.042%	$12K	$175K	12x	as long as short