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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Pacifica against Binance+0.105%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$580.585% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.007%−$1 on $10k
Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.105%, 7d avg +0.010%
Together, before fees−0.084%+ Points / potential airdropPacifica: Active · farm board−$8 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: Pacifica is 0.094% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ZROUSDT1.17330.0100pay 0.0050% / 4h33m 01s$22.0M$31.3M75x
ShortPacifica ZRO1.17450.0100get 0.0013% / 1h33m 01s$136K$177K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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: +0.105% → +0.010%
$9.43
Slippage, 4 orders
−$40.46
Fee Binance: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$49.03
Costs to cover
0.585%
Break-even
never at this rate
Slippage from Binance: live order book, 8 min ago; Pacifica: live order book, 45 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 ago0.42 bp12.9 bp −$1336.5 bp −$365303.0 bp −$30.3Kdoesn't fit
Sell Pacifica live order book, 45 min ago3.39 bp12.1 bp −$12doesn't fitdoesn'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−0.0160%1h1.1734+0.013%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC0.0000%4h1.1744+0.096%$21K$7K10xas long as short
BloFin ZRO-USDT+0.0076%4h1.1737+0.036%$1.1M$255K75xas long as short
Lighter ZRO+0.0096%1h1.1746+0.114%$4.4M$1.5M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1738+0.045%$37.2M$6.2M5xas long as short
Aster ZROUSDT+0.0100%4h1.1743+0.084%$157K$153K10xas long as short
Pacifica ZROshort+0.0100%1h1.1745+0.105%$136K$177K5x
Binance ZROUSDTlong+0.0100%4h1.1733long leg$22.0M$31.3M75x
Bybit ZROUSDT+0.0100%4h1.1734+0.011%$17.9M$14.7M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1730−0.023%$3.2M$8.3M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1740+0.062%$1.3M$1.8M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1739+0.054%$19.1M$2.8M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1732−0.006%$2.4M$1.9M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1726−0.057%$2.7M$2.4M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1735+0.019%$10.7Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1742+0.079%$100K$207K20xas long as short
Variational Omni ZRO+0.0100%4h1.1756+0.195%$2.3M$878Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1770+0.318%$37K$685K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1747+0.122%$94K$825K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1738+0.041%$21K3xas long as short
Kraken Futures PF_ZROUSD+0.0133%1h1.1747+0.123%$252K$434K25xas long as short
dYdX ZRO-USD+0.0143%1h1.1748+0.130%$21K$2K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0291% / S −0.2341%1h1.1743+0.085%$3K100xas long as short
Nado ZRO-PERP+0.0369%1h1.1741+0.067%$1.3M$125K5xas long as short
Injective ZRO/USDC PERP+0.1159%1h1.1840+0.914%$12K$260K12xas long as short
Extended ZRO-USD+0.1984%1h1.1737+0.037%$784K$610K10xas long as short