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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against BingX+0.025%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$290.285% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.029%−$3 on $10k
Price spread, last 7 days−0.048%−$5 · spread now +0.025%, 7d avg +0.005%
Together, before fees−0.077%−$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZRO-USDT1.18600.0100pay 0.0050% / 4h3h 13m$15.8M
ShortMEXC ZRO_USDT1.18630.0100get 0.0050% / 4h3h 13m$19.3M$2.7M125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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: +0.025% → +0.005%
$1.99
Slippage, 4 orders
−$18.51
Fee BingX: 5 bp × 2 orders
−$10
Fee MEXC: 0 bp × 2 orders
$0
Net
−$26.52
Costs to cover
0.285%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; MEXC: 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, 10 min ago2.12 bp8.1 bp −$813.6 bp −$13626.9 bp −$2,69549.3 bp −$24.6K
Sell MEXC live order book, 5 min ago0.85 bp6.5 bp −$746.8 bp −$46870.1 bp −$7,005394.5 bp −$197.3K

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−0.0096%1h1.1844−0.134%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC+0.0012%4h1.1855−0.042%$21K$6K10xas long as short
Lighter ZRO+0.0096%1h1.1868+0.070%$4.4M$1.5M5xas long as short
BloFin ZRO-USDT+0.0098%4h1.1851−0.076%$1.1M$255K75xas long as short
Hyperliquid ZRO+0.0100%1h1.1870+0.086%$37.6M$5.7M5xas long as short
Aster ZROUSDT+0.0100%4h1.1861+0.005%$159K$149K10xas long as short
Pacifica ZRO+0.0100%1h1.1860−0.002%$137K$168K5xas long as short
Binance ZROUSDT+0.0100%4h1.1857−0.026%$22.3M$30.1M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1851−0.076%$18.1M$14.1M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1853−0.059%$3.2M$8.0M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1850−0.084%$1.4M$1.5M75xas long as short
MEXC ZRO_USDTshort+0.0100%4h1.1863+0.025%$19.3M$2.7M125x
KuCoin ZROUSDTM+0.0100%4h1.1858−0.017%$2.4M$1.9M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1859−0.008%$2.7M$2.4M75xas long as short
BingX ZRO-USDTlong+0.0100%4h1.1860long leg$15.8M
Variational Omni ZRO+0.0100%4h1.1818−0.353%$2.3M$853Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1850−0.084%$37K$688K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1862+0.017%$92K$824K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1855−0.042%$21K3xas long as short
dYdX ZRO-USD+0.0213%1h1.1856−0.037%$21K$3K5xas long as short
Nado ZRO-PERP+0.0288%1h1.1851−0.077%$1.4M$127K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1859−0.012%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0300%1h1.1867+0.055%$254K$410K25xas long as short
Backpack ZRO_USDC_PERP+0.0414%1h1.1866+0.051%$99K$205K20xas long as short
Injective ZRO/USDC PERP+0.1190%1h1.1870+0.084%$12K$260K12xas long as short
Extended ZRO-USD+0.1240%1h1.1855−0.039%$788K$589K10xas long as short