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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0166%/8h= +18.2% APRpaid last 24h 0.000%
Price spread now: Pacifica against Gate+0.068%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$920.918% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.013%−$1 on $10k
Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.068%, 7d avg +0.003%
Together, before fees−0.081%+ Points / potential airdropPacifica: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Pacifica is 0.065% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ZRO_USDT1.1740−0.0066get 0.0033% / 4h3h 46m$1.3M$1.5M75x
ShortPacifica ZRO1.17480.0100get 0.0013% / 1h46m 51s$136K$171K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Gate. 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
$34.86
Price spread: +0.068% → +0.003%
$6.53
Slippage, 4 orders
−$68.84
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$50.45
Costs to cover
0.918%
Break-even
17.1 days
Slippage from Gate: live order book, 1 min ago; Pacifica: live order book, 26 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 Gate live order book, 1 min ago8.52 bp29.4 bp −$2961.0 bp −$610doesn't fitdoesn't fit
Sell Pacifica live order book, 26 min ago6.39 bp17.7 bp −$18doesn't fitdoesn'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−0.0160%1h1.1747+0.059%$7K$3K5xas long as short
Gate ZRO_USDTlong−0.0066%4h1.1740long leg$1.3M$1.5M75x
Orderly PERP_ZRO_USDC+0.0012%4h1.1751+0.094%$21K$7K10xas long as short
dYdX ZRO-USD+0.0022%1h1.1739−0.012%$21K$3K5xas long as short
ApeX Omni ZROUSDT+0.0076%1h1.1730−0.085%$37K$689K50xas long as short
Lighter ZRO+0.0096%1h1.1756+0.135%$4.4M$1.5M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1760+0.170%$37.2M$5.9M5xas long as short
Aster ZROUSDT+0.0100%4h1.1757+0.148%$157K$149K10xas long as short
Pacifica ZROshort+0.0100%1h1.1748+0.068%$136K$171K5x
Binance ZROUSDT+0.0100%4h1.1748+0.072%$22.1M$30.5M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ZROUSDT+0.0100%4h1.1739−0.009%$17.9M$14.2M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1747+0.060%$3.2M$8.1M20xas long as short
MEXC ZRO_USDT+0.0100%4h1.1748+0.068%$19.1M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1739−0.009%$2.4M$1.9M50xas long as short
Bitget ZROUSDT+0.0100%4h1.17400.000%$2.7M$2.4M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1746+0.051%$14.7Mas long as short
Variational Omni ZRO+0.0100%4h1.1734−0.054%$2.3M$874Kas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1752+0.102%$91K$830K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1746+0.054%$21K3xas long as short
BloFin ZRO-USDT+0.0152%4h1.1746+0.051%$1.1M$256K75xas long as short
Nado ZRO-PERP+0.0241%1h1.1748+0.067%$1.3M$129K5xas long as short
Backpack ZRO_USDC_PERP+0.0246%1h1.1755+0.128%$99K$206K20xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0291% / S −0.2341%1h1.1749+0.073%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0302%1h1.1757+0.141%$252K$412K25xas long as short
Injective ZRO/USDC PERP+0.1190%1h1.1790+0.426%$12K$260K12xas long as short
Extended ZRO-USD+0.1472%1h1.1743+0.027%$780K$589K10xas long as short