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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against BingX−0.121%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$600.596% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days+0.170%+$17 · spread now −0.121%, 7d avg −0.013%
Together, before fees+0.170%+$17 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: Bitget is 0.107% cheaper against BingX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZRO-USDT1.16030.0100pay 0.0050% / 4h2h 43m$16.6M
ShortBitget ZROUSDT1.15890.0100get 0.0050% / 4h2h 43m$2.7M$2.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.121% → −0.013%
−$10.73
Slippage, 4 orders
−$37.57
Fee BingX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$70.3
Costs to cover
0.596%
Break-even
never at this rate
Slippage from BingX: live order book, 4 min ago; Bitget: live order book, 3 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, 4 min ago2.57 bp8.3 bp −$812.9 bp −$12923.7 bp −$2,37247.9 bp −$23.9K
Sell Bitget live order book, 3 min ago4.30 bp21.2 bp −$2140.5 bp −$405doesn'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
Backpack ZRO_USDC_PERP−0.0024%1h1.1605+0.017%$93K$218K20xas long as short
dYdX ZRO-USD+0.0009%1h1.1607+0.038%$21K$4K5xas long as short
Orderly PERP_ZRO_USDC+0.0059%4h1.1605+0.017%$20K$4K10xas long as short
BloFin ZRO-USDT+0.0084%4h1.1606+0.026%$1.1M$247K75xas long as short
Lighter ZRO+0.0096%1h1.1631+0.245%$4.3M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1613+0.086%$36.8M$5.5M5xas long as short
Aster ZROUSDT+0.0100%4h1.1616+0.114%$157K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1608+0.044%$136K$179K5xas long as short
Binance ZROUSDT+0.0100%4h1.1597−0.050%$21.7M$29.5M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1598−0.043%$17.8M$13.6M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1598−0.043%$3.2M$7.8M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1590−0.112%$1.3M$1.5M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1595−0.069%$19.0M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1599−0.034%$2.3M$2.0M50xas long as short
Bitget ZROUSDTshort+0.0100%4h1.1589−0.121%$2.7M$2.5M75x
BingX ZRO-USDTlong+0.0100%4h1.1603long leg$16.6M
Variational Omni ZRO+0.0100%4h1.1609+0.056%$2.2M$809Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1640+0.319%$39K$676K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1613+0.086%$101K$823K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1605+0.017%$20K3xas long as short
01 Exchange ZROUSD+0.0176%1h1.1614+0.096%$7K$3K5xas long as short
Nado ZRO-PERP+0.0206%1h1.1615+0.100%$1.3M$126K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1601−0.017%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0708%1h1.1617+0.117%$253K$337K25xas long as short
Extended ZRO-USD+0.1000%1h1.1595−0.070%$796K$625K10xas long as short
Injective ZRO/USDC PERP+0.1343%1h1.1660+0.491%$12K$260K12xas long as short