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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: ApeX Omni against Bybit+0.356%99s7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$810.809% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.011%+$1 on $10k
Price spread, last 4 days (all we have)+0.216%+$22 · spread now +0.356%, 7d avg +0.072%
Together, before fees+0.228%+$23 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 0.284% dearer against Bybit than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of +0.072%. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZROUSDT1.17980.0100pay 0.0050% / 4h3h 57m$18.1M$13.2M50x
ShortApeX Omni ZROUSDT1.18400.0100get 0.0013% / 1h57m 53s$40K$668K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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: +0.356% → +0.072%
$28.45
Slippage, 4 orders
−$59.91
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$52.46
Costs to cover
0.809%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; ApeX Omni: live order book, 40 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 Bybit live order book, 1 min ago2.54 bp18.2 bp −$1850.6 bp −$506doesn't fitdoesn't fit
Sell ApeX Omni live order book, 40 min ago12.88 bp22.6 bp −$23134.4 bp −$1,344doesn'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−0.0008%1h1.1834+0.302%$4K$5K5xas long as short
dYdX ZRO-USD0.0000%1h1.1831+0.282%$21K$5K5xas long as short
BloFin ZRO-USDT+0.0070%4h1.1828+0.254%$1.0M$200K75xas long as short
Orderly PERP_ZRO_USDC+0.0080%4h1.1811+0.110%$21K$4K10xas long as short
Lighter ZRO+0.0096%1h1.1822+0.205%$4.4M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1890+0.780%$37.6M$5.4M5xas long as short
Aster ZROUSDT+0.0100%4h1.1814+0.138%$159K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1828+0.254%$139K$168K5xas long as short
Binance ZROUSDT+0.0100%4h1.1797−0.008%$22.1M$29.0M75xas long as short
Bybit ZROUSDTlong+0.0100%4h1.1798long leg$18.1M$13.2M50x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1799+0.008%$3.2M$7.8M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1790−0.068%$1.3M$1.3M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1797−0.008%$19.4M$2.6M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1811+0.110%$2.4M$2.2M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1870+0.610%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1800+0.017%$21.7Mas long as short
Variational Omni ZRO+0.0100%4h1.1801+0.029%$2.3M$759Kas long as short
ApeX Omni ZROUSDTshort+0.0100%1h1.1840+0.356%$40K$668K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1830+0.271%$100K$809K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1808+0.083%$21K3xas long as short
Nado ZRO-PERP+0.0182%1h1.1815+0.144%$1.3M$129K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0294% / S −0.2341%1h1.1812+0.115%$3K100xas long as short
Extended ZRO-USD+0.0472%1h1.1801+0.023%$807K$647K10xas long as short
Kraken Futures PF_ZROUSD+0.0555%1h1.1818+0.170%$264K$303K25xas long as short
Backpack ZRO_USDC_PERP+0.0766%1h1.1811+0.110%$98K$217K20xas long as short
Injective ZRO/USDC PERP+0.1160%1h1.1870+0.610%$12K$258K12xas long as short