Funding arb · Price arb /

ZRO

all ZRO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h +0.020%

Price spread now: Bitget against dYdX−0.366%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Bitget

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. Bitget is 0.366% cheaper against dYdX than usual: you would sell low and buy high (spread −0.366% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$37 on $10k: about 14 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ZRO-USD	1.1731	0.0013	pay 0.0002% / 1h	28m 51s	$21K	$4K	5x
Short	Bitget ZROUSDT	1.1688	0.0100	get 0.0050% / 4h	28m 51s	$2.7M	$2.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee dYdXbpFee BitgetbpOrdersPrice spread, now −0.366%Rate

Funding earned: $18.24
Price spread: −0.366% → 0.000%: −$36.56
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$40.33
Costs to cover: 0.220%
Break-even: 22.5 days

Slippage unknown: dYdX: no order-book sample; Bitget: live order book, 4 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	3.00 bp	24.1 bp −$24	56.2 bp −$562	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ZRO-USDlong	+0.0013%	1h	1.1731	long leg	$21K	$4K	5x
Orderly PERP_ZRO_USDC	+0.0037%	4h	1.1727	−0.033%	$21K	$5K	10x	as long as short
01 Exchange ZROUSD	+0.0064%	1h	1.1733	+0.019%	$7K	$3K	5x	as long as short
Lighter ZRO	+0.0096%	1h	1.1736	+0.046%	$4.4M	$1.2M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1715	−0.136%	$158K	$150K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1724	−0.063%	$136K	$177K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1699	−0.276%	$21.9M	$29.7M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1702	−0.246%	$17.8M	$13.8M	50x	as long as short
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1697	−0.289%	$3.2M	$7.9M	20x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1710	−0.178%	$1.3M	$1.5M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ZRO_USDT	+0.0100%	4h	1.1696	−0.297%	$19.2M	$2.7M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1704	−0.229%	$2.4M	$2.0M	50x	as long as short
Bitget ZROUSDTshort	+0.0100%	4h	1.1688	−0.366%	$2.7M	$2.6M	75x
BingX ZRO-USDT	+0.0100%	4h	1.1714	−0.144%	—	$16.5M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1710	−0.178%	$97K	$217K	20x	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1682	−0.417%	$2.3M	$809K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1650	−0.690%	$39K	$672K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1734	+0.027%	$100K	$850K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1725	−0.046%	$21K	—	3x	as long as short
BloFin ZRO-USDT	+0.0155%	4h	1.1712	−0.161%	$1.0M	$249K	75x	as long as short
Nado ZRO-PERP	+0.0178%	1h	1.1727	−0.031%	$1.3M	$124K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0292% / S −0.2341%	1h	1.1726	−0.042%	$3K	—	100x	as long as short
Kraken Futures PF_ZROUSD	+0.0379%	1h	1.1734	+0.024%	$258K	$400K	25x	as long as short
Hyperliquid ZRO	+0.0408%	1h	1.1721	−0.084%	$37.1M	$5.5M	5x	as long as short
Injective ZRO/USDC PERP	+0.1186%	1h	1.1770	+0.333%	$12K	$260K	12x	as long as short
Extended ZRO-USD	+0.1248%	1h	1.1690	−0.347%	$784K	$590K	10x	as long as short