Funding arb · Price arb /

ZRO

all ZRO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.026%

Price spread now: dYdX against Bitget+0.102%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.102% dearer against Bitget than usual: you sell high and buy low (spread +0.102% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZROUSDT	1.1814	0.0100	pay 0.0050% / 4h	2h 36m	$2.7M	$2.5M	75x
Short	dYdX ZRO-USD	1.1826	0	get 0.0000% / 1h	36m 01s	$21K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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

Position, each leg$Hold fordaysFee BitgetbpFee dYdXbpOrdersPrice spread, now +0.102%Rate

Funding earned: −$21
Price spread: +0.102% → 0.000%: $10.18
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$32.82
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 1 min ago; dYdX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 1 min ago	3.81 bp	17.6 bp −$18	30.3 bp −$303	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZRO on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZROUSD	−0.0392%	1h	1.1802	−0.104%	$7K	$3K	5x	as long as short
Orderly PERP_ZRO_USDC	−0.0055%	4h	1.1812	−0.017%	$21K	$7K	10x	as long as short
dYdX ZRO-USDshort	0.0000%	1h	1.1826	+0.102%	$21K	$2K	5x
Bybit ZROUSDT	+0.0016%	4h	1.1798	−0.135%	$18.1M	$15.9M	50x	as long as short
OKX ZRO-USDT-SWAP	+0.0038%	4h	1.1813	−0.008%	$3.2M	$9.1M	20x	as long as short
Lighter ZRO	+0.0096%	1h	1.1821	+0.058%	$4.6M	$1.2M	5x	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1802	−0.105%	$2.3M	$879K	—	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1822	+0.068%	$37.5M	$6.9M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1828	+0.122%	$158K	$161K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1811	−0.025%	$144K	$195K	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ZROUSDT	+0.0100%	4h	1.1812	−0.021%	$22.3M	$33.9M	75x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1810	−0.034%	$1.3M	$2.0M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1816	+0.017%	$19.1M	$3.5M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1825	+0.093%	$2.6M	$1.5M	50x	as long as short
Bitget ZROUSDTlong	+0.0100%	4h	1.1814	long leg	$2.7M	$2.5M	75x
BingX ZRO-USDT	+0.0100%	4h	1.1810	−0.034%	—	$10.9M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1817	+0.025%	$92K	$204K	20x	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1810	−0.034%	$37K	$681K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1818	+0.034%	$87K	$990K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1810	−0.037%	$21K	—	3x	as long as short
BloFin ZRO-USDT	+0.0114%	4h	1.1826	+0.102%	$1.1M	$266K	75x	as long as short
Nado ZRO-PERP	+0.0164%	1h	1.1811	−0.023%	$1.3M	$130K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0292% / S −0.2341%	1h	1.1823	+0.073%	$3K	—	100x	as long as short
Kraken Futures PF_ZROUSD	+0.0317%	1h	1.1820	+0.047%	$250K	$577K	25x	as long as short
Extended ZRO-USD	+0.0744%	1h	1.1808	−0.053%	$780K	$560K	10x	as long as short
Injective ZRO/USDC PERP	+0.1237%	1h	1.1850	+0.305%	$12K	$145K	12x	as long as short