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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Bybit+0.110%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$660.656% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 7 days−0.079%−$8 · spread now +0.110%, 7d avg +0.005%
Together, before fees−0.066%−$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: Bitget is 0.104% dearer against Bybit than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZROUSDT1.18390.0100pay 0.0050% / 4h1h 54m$18.1M$15.0M50x
ShortBitget ZROUSDT1.18520.0100get 0.0050% / 4h1h 54m$2.7M$2.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.110% → +0.005%
$10.45
Slippage, 4 orders
−$42.6
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$55.16
Costs to cover
0.656%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 3 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, 4 min ago0.42 bp15.6 bp −$1647.5 bp −$475doesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago2.11 bp19.7 bp −$2041.9 bp −$419doesn'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−0.0472%1h1.1844+0.045%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC−0.0058%4h1.1846+0.059%$21K$7K10xas long as short
Kraken Futures PF_ZROUSD+0.0059%1h1.1873+0.284%$252K$563K25xas long as short
Lighter ZRO+0.0096%1h1.1856+0.144%$4.5M$1.5M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1861+0.186%$37.6M$6.2M5xas long as short
Aster ZROUSDT+0.0100%4h1.1858+0.161%$158K$160K10xas long as short
Pacifica ZRO+0.0100%1h1.1855+0.139%$139K$190K5xas long as short
Binance ZROUSDT+0.0100%4h1.1839+0.004%$22.3M$32.1M75xas long as short
Bybit ZROUSDTlong+0.0100%4h1.1839long leg$18.1M$15.0M50x
OKX ZRO-USDT-SWAP+0.0100%4h1.1840+0.008%$3.2M$8.6M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1840+0.008%$1.3M$1.8M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1841+0.017%$19.1M$3.1M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1854+0.127%$2.9M$1.8M50xas long as short
Bitget ZROUSDTshort+0.0100%4h1.1852+0.110%$2.7M$2.4M75x
BingX ZRO-USDT+0.0100%4h1.1840+0.008%$10.9Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1867+0.237%$95K$205K20xas long as short
Variational Omni ZRO+0.0100%4h1.1837−0.013%$2.3M$859Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1820−0.160%$37K$683K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1855+0.135%$88K$906K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1860+0.177%$21K3xas long as short
dYdX ZRO-USD+0.0105%1h1.1859+0.173%$21K$2K5xas long as short
Nado ZRO-PERP+0.0138%1h1.1854+0.127%$1.3M$126K5xas long as short
BloFin ZRO-USDT+0.0153%4h1.1859+0.169%$1.1M$264K75xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0296% / S −0.2416%1h1.1859+0.170%$3K100xas long as short
Injective ZRO/USDC PERP+0.0980%1h1.1890+0.431%$12K$218K12xas long as short
Extended ZRO-USD+0.2112%1h1.1848+0.076%$784K$539K10xas long as short