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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Polymarket Perps against Bitget+0.017%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$560.562% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.122%−$12 on $10k
Price spread, last 4 days (all we have)+0.212%+$21 · spread now +0.017%, 7d avg +0.078%
Together, before fees+0.090%+$9 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: Polymarket Perps is 0.061% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.078%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ZROUSDT1.17040.0100pay 0.0050% / 4h1h 43m$2.7M$2.5M75x
ShortPolymarket Perps ZRO-USD1.17060.0100get 0.0013% / 1h43m 25s$99K$851K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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: +0.017% → +0.078%
−$6.08
Slippage, 4 orders
−$36.19
Fee Bitget: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$62.27
Costs to cover
0.562%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; Polymarket Perps: live order book, 45 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, 4 min ago4.72 bp20.8 bp −$2142.3 bp −$423doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 45 min ago0.43 bp9.4 bp −$919.6 bp −$196doesn'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−0.0560%1h1.1686−0.150%$7K$3K5xas long as short
Bybit ZROUSDT−0.0063%4h1.1705+0.009%$17.9M$14.0M50xas long as short
dYdX ZRO-USD0.0000%1h1.1702−0.019%$21K$3K5xas long as short
Gate ZRO_USDT+0.0014%4h1.1700−0.034%$1.3M$1.5M75xas long as short
Orderly PERP_ZRO_USDC+0.0034%4h1.1713+0.077%$21K$5K10xas long as short
Lighter ZRO+0.0096%1h1.1719+0.129%$4.4M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1713+0.077%$37.1M$5.4M5xas long as short
Aster ZROUSDT+0.0100%4h1.1713+0.073%$158K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1703−0.009%$136K$170K5xas long as short
Binance ZROUSDT+0.0100%4h1.1711+0.060%$21.9M$29.9M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1720+0.137%$3.2M$8.0M20xas long as short
MEXC ZRO_USDT+0.0100%4h1.1710+0.051%$19.1M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1700−0.034%$2.3M$1.9M50xas long as short
Bitget ZROUSDTlong+0.0100%4h1.1704long leg$2.7M$2.5M75x
BingX ZRO-USDT+0.0100%4h1.1713+0.077%$16.4Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1709+0.043%$95K$208K20xas long as short
Variational Omni ZRO+0.0100%4h1.1661−0.368%$2.3M$813Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1690−0.120%$39K$674K50xas long as short
Polymarket Perps ZRO-USDshort+0.0100%1h1.1706+0.017%$99K$851K5x
Aevo ZRO-PERP+0.0104%1h1.1690−0.116%$21K3xas long as short
BloFin ZRO-USDT+0.0105%4h1.1694−0.085%$1.1M$248K75xas long as short
Nado ZRO-PERP+0.0194%1h1.1703−0.009%$1.3M$127K5xas long as short
Kraken Futures PF_ZROUSD+0.0198%1h1.1726+0.192%$258K$407K25xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1722+0.152%$3K100xas long as short
Extended ZRO-USD+0.0560%1h1.1714+0.086%$785K$591K10xas long as short
Injective ZRO/USDC PERP+0.1102%1h1.1750+0.393%$12K$260K12xas long as short