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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0092%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.019%
Price spread now: ApeX Omni against dYdX−0.080%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. ApeX Omni is 0.080% cheaper against dYdX than usual: you would sell low and buy high (spread −0.080% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.9 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ZRO-USD1.16890.0008pay 0.0001% / 1h15m 39s$21K$5K5x
ShortApeX Omni ZROUSDT1.16800.0100get 0.0013% / 1h15m 39s$39K$676K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against dYdX. 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
$19.27
Price spread: −0.080% → 0.000%
−$8.04
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$8.77
Costs to cover
0.200%
Break-even
10.2 days
Slippage unknown: dYdX: no order-book sample; ApeX Omni: live order book, 33 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX no order-book sample
Sell ApeX Omni live order book, 33 min ago8.58 bp18.5 bp −$19107.8 bp −$1,078doesn't fitdoesn't fit
dYdX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ZRO-USDlong+0.0008%1h1.1689long leg$21K$5K5x
Orderly PERP_ZRO_USDC+0.0069%4h1.1695+0.048%$20K$4K10xas long as short
BloFin ZRO-USDT+0.0090%4h1.1678−0.097%$1.0M$250K75xas long as short
Lighter ZRO+0.0096%1h1.1713+0.199%$4.4M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1706+0.142%$37.1M$5.5M5xas long as short
Aster ZROUSDT+0.0100%4h1.1697+0.067%$158K$151K10xas long as short
Pacifica ZRO+0.0100%1h1.1693+0.031%$137K$175K5xas long as short
Binance ZROUSDT+0.0100%4h1.1685−0.038%$21.8M$29.4M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1686−0.029%$17.9M$13.6M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1685−0.038%$3.2M$7.8M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1680−0.080%$1.3M$1.5M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1688−0.012%$19.2M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1685−0.038%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1680−0.080%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1690+0.005%$16.6Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1694+0.039%$94K$220K20xas long as short
Variational Omni ZRO+0.0100%4h1.1682−0.063%$2.3M$809Kas long as short
ApeX Omni ZROUSDTshort+0.0100%1h1.1680−0.080%$39K$676K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1695+0.048%$102K$815K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1680−0.080%$21K3xas long as short
01 Exchange ZROUSD+0.0128%1h1.1693+0.035%$4K$5K5xas long as short
Nado ZRO-PERP+0.0168%1h1.1695+0.046%$1.3M$126K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1685−0.037%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0703%1h1.1697+0.063%$253K$335K25xas long as short
Extended ZRO-USD+0.0960%1h1.1688−0.008%$799K$625K10xas long as short
Injective ZRO/USDC PERP+0.1343%1h1.1740+0.433%$12K$261K12xas long as short