Funding arb · Price arb /

ZRO

all ZRO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0388%/8h= −42.5% APRpaid last 24h −0.070%

Price spread now: 01 Exchange against Gate+0.072%7-day average — · you sell dearer than you buy

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

Long on Gate Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. 01 Exchange is 0.072% dearer against Gate than usual: you sell high and buy low (spread +0.072% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZRO_USDT	1.1750	0.0100	pay 0.0050% / 4h	1h 15m	$1.4M	$1.5M	75x
Short	01 Exchange ZROUSD	1.1759	−0.0288	pay 0.0036% / 1h	15m 51s	$7K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Position, each leg$Hold fordaysFee GatebpFee 01 ExchangebpOrdersPrice spread, now +0.072%Rate

Funding earned: −$81.48
Price spread: +0.072% → 0.000%: $7.23
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$96.25
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; 01 Exchange: 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 Gate live order book, 2 min ago	4.25 bp	26.0 bp −$26	66.9 bp −$669	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
01 Exchange ZROUSDshort	−0.0288%	1h	1.1759	+0.072%	$7K	$3K	5x
dYdX ZRO-USD	+0.0035%	1h	1.1764	+0.117%	$21K	$3K	5x	as long as short
Orderly PERP_ZRO_USDC	+0.0036%	4h	1.1755	+0.043%	$21K	$5K	10x	as long as short
BloFin ZRO-USDT	+0.0075%	4h	1.1764	+0.119%	$1.1M	$250K	75x	as long as short
Lighter ZRO	+0.0096%	1h	1.1767	+0.146%	$4.4M	$1.2M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1768	+0.150%	$158K	$149K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1765	+0.128%	$137K	$176K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1751	+0.009%	$22.0M	$29.8M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1736	−0.119%	$17.9M	$14.0M	50x	as long as short
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1744	−0.051%	$3.2M	$8.0M	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ZRO_USDTlong	+0.0100%	4h	1.1750	long leg	$1.4M	$1.5M	75x
MEXC ZRO_USDT	+0.0100%	4h	1.1748	−0.017%	$19.1M	$2.7M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1758	+0.068%	$2.4M	$2.0M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1727	−0.196%	$2.7M	$2.5M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1752	+0.017%	—	$16.5M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1756	+0.051%	$97K	$195K	20x	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1745	−0.041%	$2.3M	$810K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1750	0.000%	$39K	$672K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1764	+0.119%	$99K	$846K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1751	+0.006%	$21K	—	3x	as long as short
Nado ZRO-PERP	+0.0193%	1h	1.1764	+0.120%	$1.3M	$124K	5x	as long as short
Kraken Futures PF_ZROUSD	+0.0197%	1h	1.1764	+0.122%	$259K	$407K	25x	as long as short
Hyperliquid ZRO	+0.0204%	1h	1.1769	+0.162%	$37.3M	$5.5M	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0292% / S −0.2341%	1h	1.1762	+0.101%	$3K	—	100x	as long as short
Extended ZRO-USD	+0.0712%	1h	1.1747	−0.029%	$784K	$591K	10x	as long as short
Injective ZRO/USDC PERP	+0.1102%	1h	1.1830	+0.681%	$12K	$260K	12x	as long as short