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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Bitget−0.127%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$850.847% 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 3 days (all we have)+0.315%+$31 · spread now −0.127%, 7d avg +0.034%
Together, before fees+0.314%+$31 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 0.161% cheaper against Bitget than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ZROUSDT1.18250.0100pay 0.0050% / 4h1h 12m$2.7M$2.4M75x
ShortApeX Omni ZROUSDT1.18100.0100get 0.0013% / 1h12m 49s$37K$684K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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: −0.127% → +0.034%
−$16.12
Slippage, 4 orders
−$62.74
Fee Bitget: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$100.86
Costs to cover
0.847%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; ApeX Omni: live order book, 6 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 Bitget live order book, 5 min ago2.96 bp15.7 bp −$1633.2 bp −$332doesn't fitdoesn't fit
Sell ApeX Omni live order book, 6 min ago12.71 bp23.9 bp −$24127.6 bp −$1,276doesn'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−0.0456%1h1.1833+0.072%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC−0.0028%4h1.1835+0.085%$21K$7K10xas long as short
Kraken Futures PF_ZROUSD+0.0059%1h1.1847+0.188%$254K$512K25xas long as short
BloFin ZRO-USDT+0.0095%4h1.1841+0.135%$1.1M$263K75xas long as short
Lighter ZRO+0.0096%1h1.1838+0.110%$4.4M$1.5M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1851+0.220%$37.6M$6.2M5xas long as short
Aster ZROUSDT+0.0100%4h1.1845+0.172%$158K$154K10xas long as short
Pacifica ZRO+0.0100%1h1.1844+0.158%$138K$183K5xas long as short
Binance ZROUSDT+0.0100%4h1.1833+0.068%$22.2M$31.6M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1826+0.008%$18.1M$14.8M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1839+0.118%$3.2M$8.5M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1830+0.042%$1.3M$1.8M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1835+0.085%$19.2M$3.1M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1840+0.127%$2.6M$1.9M50xas long as short
Bitget ZROUSDTlong+0.0100%4h1.1825long leg$2.7M$2.4M75x
BingX ZRO-USDT+0.0100%4h1.1831+0.051%$10.7Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1837+0.101%$100K$208K20xas long as short
Variational Omni ZRO+0.0100%4h1.1793−0.270%$2.3M$868Kas long as short
ApeX Omni ZROUSDTshort+0.0100%1h1.1810−0.127%$37K$684K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1850+0.211%$89K$869K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1848+0.198%$21K3xas long as short
dYdX ZRO-USD+0.0170%1h1.1838+0.109%$21K$2K5xas long as short
Nado ZRO-PERP+0.0193%1h1.1839+0.122%$1.3M$126K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1839+0.122%$3K100xas long as short
Injective ZRO/USDC PERP+0.0980%1h1.1880+0.465%$12K$260K12xas long as short
Extended ZRO-USD+0.2456%1h1.1834+0.076%$784K$560K10xas long as short