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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against KuCoin−0.102%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$970.973% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.009%+$1 on $10k
Price spread, last 7 days+0.112%+$11 · spread now −0.102%, 7d avg −0.011%
Together, before fees+0.120%+$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.090% cheaper against KuCoin than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZROUSDTM1.18030.0100pay 0.0050% / 4h1h 31m$2.9M$1.8M50x
ShortBingX ZRO-USDT1.17910.0100get 0.0050% / 4h1h 31m$10.8M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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
$0
Price spread: −0.102% → −0.011%
−$9.04
Slippage, 4 orders
−$75.3
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$106.34
Costs to cover
0.973%
Break-even
never at this rate
Slippage from KuCoin: live order book, 6 min ago; BingX: live order book, 7 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 KuCoin live order book, 6 min ago6.34 bp48.1 bp −$48106.7 bp −$1,067doesn't fitdoesn't fit
Sell BingX live order book, 7 min ago2.11 bp10.3 bp −$1015.7 bp −$15732.0 bp −$3,19753.7 bp −$26.8K

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−0.0504%1h1.1794−0.075%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC−0.0041%4h1.1789−0.119%$21K$7K10xas long as short
Kraken Futures PF_ZROUSD+0.0059%1h1.1799−0.036%$250K$518K25xas long as short
BloFin ZRO-USDT+0.0062%4h1.1791−0.102%$1.1M$262K75xas long as short
Lighter ZRO+0.0096%1h1.1790−0.110%$4.4M$1.5M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1802−0.008%$37.5M$6.2M5xas long as short
Aster ZROUSDT+0.0100%4h1.1804+0.006%$158K$153K10xas long as short
Pacifica ZRO+0.0100%1h1.1810+0.056%$138K$182K5xas long as short
Binance ZROUSDT+0.0100%4h1.1779−0.203%$22.1M$31.8M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1778−0.212%$18.0M$14.8M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1786−0.144%$3.2M$8.5M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1800−0.025%$1.3M$1.8M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1788−0.127%$19.0M$3.1M125xas long as short
KuCoin ZROUSDTMlong+0.0100%4h1.1803long leg$2.9M$1.8M50x
Bitget ZROUSDT+0.0100%4h1.1776−0.229%$2.7M$2.4M75xas long as short
BingX ZRO-USDTshort+0.0100%4h1.1791−0.102%$10.8M
Backpack ZRO_USDC_PERP+0.0100%1h1.1794−0.076%$100K$208K20xas long as short
Variational Omni ZRO+0.0100%4h1.1815+0.103%$2.3M$859Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1830+0.229%$37K$682K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1810+0.059%$88K$904K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1787−0.133%$21K3xas long as short
dYdX ZRO-USD+0.0138%1h1.1811+0.066%$21K$2K5xas long as short
Nado ZRO-PERP+0.0179%1h1.1800−0.027%$1.3M$124K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1808+0.046%$3K100xas long as short
Injective ZRO/USDC PERP+0.0980%1h1.1880+0.652%$12K$218K12xas long as short
Extended ZRO-USD+0.2504%1h1.1779−0.203%$780K$541K10xas long as short