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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0121%/8h= +13.2% APRpaid last 24h +0.030%
Price spread now: Nado against Binance+0.004%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$520.522% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.063%+$6 on $10k
Price spread, last 7 days+0.155%+$15 · spread now +0.004%, 7d avg +0.001%
Together, before fees+0.218%+ Points / potential airdropNado: Active · farm board+$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ZROUSDT1.15810.0100pay 0.0050% / 4h49m 34s$21.6M$29.7M75x
ShortNado ZRO-PERP1.15810.0221get 0.0028% / 1h49m 34s$1.3M$125K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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
$25.38
Price spread: +0.004% → +0.001%
$0.35
Slippage, 4 orders
−$35.2
Fee Binance: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$26.48
Costs to cover
0.522%
Break-even
14.3 days
Slippage from Binance: live order book, 7 min ago; Nado: live order book, 4 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, 7 min ago0.43 bp13.8 bp −$1431.2 bp −$312280.4 bp −$28.0Kdoesn't fit
Sell Nado live order book, 4 min ago0.43 bp11.7 bp −$1228.9 bp −$289doesn'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−0.0056%1h1.1572−0.072%$7K$3K5xas long as short
dYdX ZRO-USD+0.0004%1h1.1583+0.021%$21K$4K5xas long as short
Orderly PERP_ZRO_USDC+0.0037%4h1.1586+0.046%$20K$5K10xas long as short
BloFin ZRO-USDT+0.0047%4h1.1601+0.176%$1.1M$247K75xas long as short
Lighter ZRO+0.0096%1h1.1601+0.177%$4.3M$1.2M5xas long as short
Aster ZROUSDT+0.0100%4h1.1589+0.073%$156K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1583+0.023%$134K$178K5xas long as short
Binance ZROUSDTlong+0.0100%4h1.1581long leg$21.6M$29.7M75x
Bybit ZROUSDT+0.0100%4h1.1570−0.092%$17.6M$13.9M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1577−0.032%$3.2M$7.8M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1590+0.081%$1.3M$1.5M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1587+0.055%$19.0M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1579−0.014%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1566−0.127%$2.6M$2.6M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1578−0.023%$16.5Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1596+0.133%$97K$196K20xas long as short
Variational Omni ZRO+0.0100%4h1.1590+0.080%$2.2M$810Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1610+0.253%$39K$673K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1582+0.012%$98K$844K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1585+0.042%$20K3xas long as short
Nado ZRO-PERPshort+0.0221%1h1.1581+0.004%$1.3M$125K5x
GMX ZRO/USD [ETH-USDC]L +0.0291% / S −0.2341%1h1.1592+0.100%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0384%1h1.1604+0.199%$255K$404K25xas long as short
Hyperliquid ZRO+0.0474%1h1.1605+0.210%$36.7M$5.4M5xas long as short
Extended ZRO-USD+0.1080%1h1.1576−0.037%$776K$590K10xas long as short
Injective ZRO/USDC PERP+0.1186%1h1.1670+0.771%$12K$260K12xas long as short