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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Pacifica against Bitget+0.101%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$780.777% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.036%−$4 on $10k
Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.101%, 7d avg +0.023%
Together, before fees−0.069%+ Points / potential airdropPacifica: Active · farm board−$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: Pacifica is 0.078% dearer against Bitget than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.023%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ZROUSDT1.17360.0100pay 0.0050% / 4h3h 44m$2.7M$2.4M75x
ShortPacifica ZRO1.17480.0100get 0.0013% / 1h44m 10s$136K$171K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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: +0.101% → +0.023%
$7.85
Slippage, 4 orders
−$57.71
Fee Bitget: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$69.86
Costs to cover
0.777%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; Pacifica: live order book, 29 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, 3 min ago4.26 bp20.6 bp −$2142.6 bp −$426doesn't fitdoesn't fit
Sell Pacifica live order book, 29 min ago6.39 bp17.7 bp −$18doesn't fitdoesn'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
Gate ZRO_USDT−0.0196%4h1.1720−0.136%$1.3M$1.5M75xas long as short
01 Exchange ZROUSD−0.0144%1h1.1741+0.039%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC+0.0013%4h1.1735−0.009%$21K$6K10xas long as short
BloFin ZRO-USDT+0.0043%4h1.1745+0.077%$1.1M$256K75xas long as short
Lighter ZRO+0.0096%1h1.1745+0.077%$4.4M$1.5M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1745+0.077%$37.2M$5.9M5xas long as short
Aster ZROUSDT+0.0100%4h1.1754+0.157%$157K$149K10xas long as short
Pacifica ZROshort+0.0100%1h1.1748+0.101%$136K$171K5x
Binance ZROUSDT+0.0100%4h1.1743+0.060%$22.1M$30.4M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1731−0.043%$17.9M$14.2M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1750+0.119%$3.2M$8.1M20xas long as short
MEXC ZRO_USDT+0.0100%4h1.1730−0.051%$19.1M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1728−0.068%$2.4M$1.9M50xas long as short
Bitget ZROUSDTlong+0.0100%4h1.1736long leg$2.7M$2.4M75x
BingX ZRO-USDT+0.0100%4h1.17360.000%$14.7Mas long as short
Variational Omni ZRO+0.0100%4h1.1735−0.011%$2.3M$869Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1740+0.034%$37K$687K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1744+0.068%$91K$830K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1725−0.094%$21K3xas long as short
dYdX ZRO-USD+0.0147%1h1.1744+0.069%$21K$3K5xas long as short
Backpack ZRO_USDC_PERP+0.0243%1h1.1741+0.043%$99K$206K20xas long as short
Nado ZRO-PERP+0.0250%1h1.1737+0.010%$1.3M$129K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0291% / S −0.2341%1h1.1736+0.001%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0303%1h1.1747+0.094%$252K$411K25xas long as short
Injective ZRO/USDC PERP+0.1190%1h1.1800+0.545%$12K$260K12xas long as short
Extended ZRO-USD+0.1432%1h1.1724−0.100%$780K$589K10xas long as short