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% APRpaid last 24h −0.001%
Price spread now: ApeX Omni against BingX−0.197%7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$590.589% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 4 days (all we have)+0.769%+$77 · spread now −0.197%, 7d avg +0.045%
Together, before fees+0.768%+$77 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: ApeX Omni is 0.241% cheaper against BingX than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZRO-USDT1.17030.0100pay 0.0050% / 4h43m 11s$21.8M
ShortApeX Omni ZROUSDT1.16800.0100get 0.0013% / 1h43m 11s$39K$669K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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: −0.197% → +0.045%
−$24.12
Slippage, 4 orders
−$38.91
Fee BingX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$83.02
Costs to cover
0.589%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; ApeX Omni: live order book, 60 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 BingX live order book, 10 min ago1.72 bp9.6 bp −$1012.3 bp −$12320.6 bp −$2,06259.7 bp −$29.8K
Sell ApeX Omni live order book, 60 min ago12.83 bp22.0 bp −$22125.3 bp −$1,253doesn'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
dYdX ZRO-USD0.0000%1h1.1707+0.031%$21K$5K5xas long as short
BloFin ZRO-USDT+0.0078%4h1.1700−0.026%$1.0M$205K75xas long as short
01 Exchange ZROUSD+0.0088%1h1.1709+0.048%$4K$5K5xas long as short
Orderly PERP_ZRO_USDC+0.0093%4h1.1694−0.077%$20K$4K10xas long as short
Lighter ZRO+0.0096%1h1.1713+0.089%$4.4M$1.2M5xas long as short
Nado ZRO-PERP+0.0100%1h1.1706+0.026%$1.3M$128K5xas long as short
Hyperliquid ZRO+0.0100%1h1.1713+0.085%$37.1M$5.3M5xas long as short
Aster ZROUSDT+0.0100%4h1.1704+0.009%$158K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1701−0.020%$138K$171K5xas long as short
Binance ZROUSDT+0.0100%4h1.1694−0.074%$21.9M$28.9M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ZROUSDT+0.0100%4h1.1696−0.060%$17.9M$13.2M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1689−0.120%$3.2M$7.6M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1700−0.026%$1.3M$1.4M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1695−0.068%$19.2M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1704+0.009%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1693−0.085%$2.7M$2.5M75xas long as short
BingX ZRO-USDTlong+0.0100%4h1.1703long leg$21.8M
Variational Omni ZRO+0.0100%4h1.1686−0.143%$2.3M$771Kas long as short
ApeX Omni ZROUSDTshort+0.0100%1h1.1680−0.197%$39K$669K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1708+0.043%$99K$813K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1689−0.119%$21K3xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1699−0.032%$3K100xas long as short
Backpack ZRO_USDC_PERP+0.0350%1h1.1706+0.026%$95K$214K20xas long as short
Kraken Futures PF_ZROUSD+0.0430%1h1.1703+0.001%$254K$298K25xas long as short
Extended ZRO-USD+0.0696%1h1.1689−0.116%$797K$647K10xas long as short
Injective ZRO/USDC PERP+0.1271%1h1.1730+0.231%$12K$261K12xas long as short