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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against BingX+0.051%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1071.066% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.009%−$1 on $10k
Price spread, last 7 days−0.061%−$6 · spread now +0.051%, 7d avg +0.011%
Together, before fees−0.069%−$7 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: KuCoin is 0.039% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZRO-USDT1.18490.0100pay 0.0050% / 4h51m 45s$10.7M
ShortKuCoin ZROUSDTM1.18550.0100get 0.0050% / 4h51m 45s$2.4M$1.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.051% → +0.011%
$3.94
Slippage, 4 orders
−$84.57
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$102.63
Costs to cover
1.066%
Break-even
never at this rate
Slippage from BingX: live order book, 1 min ago; KuCoin: live order book, 5 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, 1 min ago2.11 bp8.0 bp −$813.1 bp −$13130.1 bp −$3,01252.7 bp −$26.3K
Sell KuCoin live order book, 5 min ago6.33 bp36.0 bp −$36110.1 bp −$1,101doesn'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−0.0176%1h1.1835−0.121%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC−0.0016%4h1.1833−0.135%$21K$7K10xas long as short
BloFin ZRO-USDT+0.0058%4h1.1858+0.076%$1.1M$258K75xas long as short
Lighter ZRO+0.0096%1h1.1856+0.057%$4.4M$1.5M5xas long as short
Aster ZROUSDT+0.0100%4h1.1856+0.060%$158K$154K10xas long as short
Pacifica ZRO+0.0100%1h1.1852+0.026%$138K$181K5xas long as short
Binance ZROUSDT+0.0100%4h1.1849−0.001%$22.2M$31.2M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1842−0.059%$18.1M$14.7M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1845−0.034%$3.2M$8.3M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1850+0.008%$1.4M$1.8M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ZRO_USDT+0.0100%4h1.1852+0.025%$19.2M$2.7M125xas long as short
KuCoin ZROUSDTMshort+0.0100%4h1.1855+0.051%$2.4M$1.9M50x
Bitget ZROUSDT+0.0100%4h1.1857+0.068%$2.7M$2.4M75xas long as short
BingX ZRO-USDTlong+0.0100%4h1.1849long leg$10.7M
Variational Omni ZRO+0.0100%4h1.1854+0.046%$2.3M$850Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1870+0.177%$37K$687K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1850+0.008%$89K$815K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1830−0.160%$21K3xas long as short
Kraken Futures PF_ZROUSD+0.0132%1h1.1854+0.039%$254K$434K25xas long as short
dYdX ZRO-USD+0.0150%1h1.1858+0.075%$21K$2K5xas long as short
Backpack ZRO_USDC_PERP+0.0172%1h1.1843−0.051%$100K$207K20xas long as short
Hyperliquid ZRO+0.0220%1h1.1865+0.135%$37.7M$6.2M5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1841−0.064%$3K100xas long as short
Nado ZRO-PERP+0.0310%1h1.1847−0.014%$1.3M$125K5xas long as short
Injective ZRO/USDC PERP+0.1159%1h1.1920+0.599%$12K$260K12xas long as short
Extended ZRO-USD+0.2008%1h1.1847−0.018%$784K$558K10xas long as short