Funding arb · Price arb /

ZRO

all ZRO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1164%/8h= −127.4% APRpaid last 24h −0.175%

Price spread now: Orderly against Extended+0.040%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Orderly

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Orderly is 0.040% dearer against Extended than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$35 a day in funding at the current rate, which eats that in about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ZRO-USD	1.1763	0.1208	pay 0.0151% / 1h	1m 58s	$784K	$589K	10x
Short	Orderly PERP_ZRO_USDC	1.1768	0.0044	get 0.0022% / 4h	1m 58s	$21K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Extended. 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 ExtendedbpFee OrderlybpOrdersPrice spread, now +0.040%Rate

Funding earned: −$244.42
Price spread: +0.040% → 0.000%: $4.04
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$251.38
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 56 min ago; Orderly: no order-book sample. 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 Extended live order book, 56 min ago	20.56 bp	1827.3 bp −$1,827	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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-USD	+0.0036%	1h	1.1768	+0.038%	$21K	$4K	5x	as long as short
Orderly PERP_ZRO_USDCshort	+0.0044%	4h	1.1768	+0.040%	$21K	$5K	10x
BloFin ZRO-USDT	+0.0090%	4h	1.1758	−0.045%	$1.1M	$250K	75x	as long as short
Lighter ZRO	+0.0096%	1h	1.1787	+0.205%	$4.4M	$1.2M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1771	+0.066%	$159K	$151K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1769	+0.046%	$137K	$178K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1766	+0.024%	$22.1M	$29.9M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1764	+0.006%	$18.0M	$13.9M	50x	as long as short
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1768	+0.040%	$3.2M	$7.9M	20x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1760	−0.028%	$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	1.1766	+0.023%	$19.3M	$2.7M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1759	−0.036%	$2.4M	$2.0M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1767	+0.032%	$2.7M	$2.6M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1768	+0.040%	—	$16.4M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1771	+0.066%	$101K	$219K	20x	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1713	−0.428%	$2.3M	$810K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1720	−0.368%	$39K	$673K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1776	+0.108%	$100K	$851K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1768	+0.040%	$21K	—	3x	as long as short
01 Exchange ZROUSD	+0.0144%	1h	1.1781	+0.153%	$7K	$3K	5x	as long as short
Nado ZRO-PERP	+0.0191%	1h	1.1770	+0.058%	$1.3M	$124K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0293% / S −0.2341%	1h	1.1764	+0.007%	$3K	—	100x	as long as short
Hyperliquid ZRO	+0.0311%	1h	1.1782	+0.155%	$37.4M	$5.5M	5x	as long as short
Kraken Futures PF_ZROUSD	+0.0378%	1h	1.1773	+0.083%	$259K	$390K	25x	as long as short
Injective ZRO/USDC PERP	+0.1186%	1h	1.1770	+0.057%	$12K	$260K	12x	as long as short
Extended ZRO-USDlong	+0.1208%	1h	1.1763	long leg	$784K	$589K	10x