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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0612%/8h= −67.0% APRpaid last 24h −0.058%
Price spread now: 01 Exchange against Binance−0.061%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and 01 Exchange is 0.061% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ZROUSDT1.18090.0100pay 0.0050% / 4h1h 21m$22.2M$31.7M75x
Short01 Exchange ZROUSD1.1802−0.0512pay 0.0064% / 1h21m 34s$7K$3K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$128.52
Price spread: −0.061% → 0.000%
−$6.1
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$151.62
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 5 min ago; 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 5 min ago0.43 bp14.2 bp −$1436.7 bp −$367337.7 bp −$33.8Kdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ZROUSDshort−0.0512%1h1.1802−0.061%$7K$3K5x
Orderly PERP_ZRO_USDC−0.0035%4h1.1804−0.042%$21K$7K10xas long as short
Kraken Futures PF_ZROUSD+0.0059%1h1.1819+0.083%$250K$516K25xas long as short
BloFin ZRO-USDT+0.0079%4h1.1784−0.212%$1.1M$262K75xas long as short
Lighter ZRO+0.0096%1h1.1813+0.031%$4.4M$1.5M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1812+0.025%$37.5M$6.2M5xas long as short
Aster ZROUSDT+0.0100%4h1.1822+0.112%$158K$153K10xas long as short
Pacifica ZRO+0.0100%1h1.1812+0.023%$137K$183K5xas long as short
Binance ZROUSDTlong+0.0100%4h1.1809long leg$22.2M$31.7M75x
Bybit ZROUSDT+0.0100%4h1.1790−0.161%$18.0M$14.8M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1802−0.059%$3.2M$8.5M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1810+0.008%$1.3M$1.8M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1817+0.068%$19.1M$3.1M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1802−0.059%$2.7M$1.9M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1801−0.068%$2.7M$2.4M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1804−0.042%$10.7Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1816+0.059%$100K$208K20xas long as short
Variational Omni ZRO+0.0100%4h1.1777−0.271%$2.3M$868Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1790−0.161%$37K$683K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1806−0.025%$88K$904K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1809−0.004%$21K3xas long as short
dYdX ZRO-USD+0.0121%1h1.1810+0.011%$21K$2K5xas long as short
Nado ZRO-PERP+0.0189%1h1.1802−0.061%$1.3M$124K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1809−0.001%$3K100xas long as short
Injective ZRO/USDC PERP+0.0980%1h1.1840+0.262%$12K$218K12xas long as short
Extended ZRO-USD+0.2480%1h1.1798−0.093%$780K$560K10xas long as short