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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.039%
Price spread now: OKX against Bybit+0.034%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$760.761% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.074%−$7 on $10k
Price spread, last 7 days+0.037%+$4 · spread now +0.034%, 7d avg +0.034%
Together, before fees−0.037%−$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZROUSDT1.18930.0100pay 0.0050% / 4h3h 57m$18.2M$13.2M50x
ShortOKX ZRO-USDT-SWAP1.18970.0100get 0.0050% / 4h3h 57m$3.2M$7.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: +0.034% → +0.034%
−$0.07
Slippage, 4 orders
−$55.07
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee OKX: 5 bp × 2 orders
−$10
Net
−$76.14
Costs to cover
0.761%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; OKX: live order book, 5 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 OKX live order book, 5 min ago2.12 bp21.9 bp −$22118.0 bp −$1,180doesn'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−0.0024%1h1.1921+0.233%$4K$5K5xas long as short
dYdX ZRO-USD0.0000%1h1.1901+0.066%$21K$5K5xas long as short
BloFin ZRO-USDT+0.0070%4h1.1828−0.547%$1.0M$200K75xas long as short
Orderly PERP_ZRO_USDC+0.0080%4h1.1811−0.689%$21K$4K10xas long as short
Lighter ZRO+0.0096%1h1.1912+0.162%$4.4M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1890−0.025%$37.6M$5.4M5xas long as short
Aster ZROUSDT+0.0100%4h1.1887−0.048%$160K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1889−0.037%$140K$168K5xas long as short
Binance ZROUSDT+0.0100%4h1.1887−0.048%$22.3M$29.0M75xas long as short
Bybit ZROUSDTlong+0.0100%4h1.1893long leg$18.2M$13.2M50x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAPshort+0.0100%4h1.1897+0.034%$3.2M$7.9M20x
MEXC ZRO_USDT+0.0100%4h1.1897+0.034%$19.6M$2.6M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1904+0.092%$2.5M$2.2M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1882−0.092%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.18930.000%$21.7Mas long as short
Variational Omni ZRO+0.0100%4h1.1801−0.770%$2.3M$759Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1840−0.446%$40K$668K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1830−0.530%$100K$809K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1808−0.717%$21K3xas long as short
Nado ZRO-PERP+0.0182%1h1.1815−0.656%$1.3M$129K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0294% / S −0.2341%1h1.1812−0.684%$3K100xas long as short
Extended ZRO-USD+0.0472%1h1.1895+0.017%$811K$647K10xas long as short
Kraken Futures PF_ZROUSD+0.0555%1h1.1818−0.630%$264K$303K25xas long as short
Backpack ZRO_USDC_PERP+0.0766%1h1.1811−0.689%$98K$217K20xas long as short
Injective ZRO/USDC PERP+0.1160%1h1.1870−0.193%$12K$258K12xas long as short
Gate ZRO_USDT+0.1340%4h1.1870−0.193%$1.3M$1.3M75xas long as short