Funding arb · Price arb /

ZRO

all ZRO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0026%/8h= +2.9% APRpaid last 24h −0.003%

Price spread now: Aevo against BloFin−0.043%53s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Aevo

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

Funding pays, the price is against you. Aevo is 0.043% cheaper against BloFin than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 5.4 days of funding at the current rate (+$1 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZRO-USDT	1.1700	0.0078	pay 0.0039% / 4h	41m 43s	$1.0M	$205K	75x
Short	Aevo ZRO-PERP	1.1695	0.0104	get 0.0013% / 1h	41m 43s	$21K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. 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 BloFinbpFee AevobpOrdersPrice spread, now −0.043%Rate

Funding earned: $5.54
Price spread: −0.043% → 0.000%: −$4.27
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$26.73
Costs to cover: 0.280%
Break-even: 40.8 days

Slippage unknown: BloFin: live order book, just now; Aevo: 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 BloFin live order book, just now	0.86 bp	19.5 bp −$20	39.2 bp −$392	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
dYdX ZRO-USD	0.0000%	1h	1.1695	−0.045%	$21K	$5K	5x	as long as short
BloFin ZRO-USDTlong	+0.0078%	4h	1.1700	long leg	$1.0M	$205K	75x
01 Exchange ZROUSD	+0.0088%	1h	1.1700	−0.002%	$4K	$5K	5x	as long as short
Orderly PERP_ZRO_USDC	+0.0094%	4h	1.1701	+0.009%	$20K	$4K	10x	as long as short
Lighter ZRO	+0.0096%	1h	1.1713	+0.114%	$4.4M	$1.2M	5x	as long as short
Nado ZRO-PERP	+0.0100%	1h	1.1708	+0.069%	$1.3M	$128K	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1705	+0.043%	$37.1M	$5.3M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1704	+0.034%	$158K	$150K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1691	−0.078%	$137K	$171K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1688	−0.101%	$21.9M	$28.9M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZROUSDT	+0.0100%	4h	1.1689	−0.094%	$17.9M	$13.2M	50x	as long as short
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1692	−0.068%	$3.2M	$7.6M	20x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1690	−0.085%	$1.3M	$1.4M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1698	−0.017%	$19.2M	$2.7M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1697	−0.026%	$2.4M	$2.0M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1698	−0.017%	$2.7M	$2.5M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1692	−0.068%	—	$21.8M	—	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1686	−0.118%	$2.3M	$771K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1680	−0.171%	$39K	$669K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1713	+0.111%	$99K	$813K	5x	as long as short
Aevo ZRO-PERPshort	+0.0104%	1h	1.1695	−0.043%	$21K	—	3x
GMX ZRO/USD [ETH-USDC]	L +0.0292% / S −0.2341%	1h	1.1705	+0.047%	$3K	—	100x	as long as short
Backpack ZRO_USDC_PERP	+0.0365%	1h	1.1704	+0.034%	$95K	$214K	20x	as long as short
Kraken Futures PF_ZROUSD	+0.0430%	1h	1.1716	+0.136%	$255K	$298K	25x	as long as short
Extended ZRO-USD	+0.0696%	1h	1.1690	−0.089%	$797K	$647K	10x	as long as short
Injective ZRO/USDC PERP	+0.1271%	1h	1.1730	+0.256%	$12K	$261K	12x	as long as short