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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against KuCoin−0.052%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1231.228% 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+0.068%+$7 · spread now −0.052%, 7d avg −0.025%
Together, before fees+0.076%+$8 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: Bitget is 0.027% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZROUSDTM1.15790.0100pay 0.0050% / 4h49m 00s$2.4M$2.0M50x
ShortBitget ZROUSDT1.15730.0100get 0.0050% / 4h49m 00s$2.6M$2.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.052% → −0.025%
−$2.68
Slippage, 4 orders
−$98.81
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$125.49
Costs to cover
1.228%
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago5.61 bp44.9 bp −$45154.0 bp −$1,540doesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago3.02 bp21.7 bp −$2243.6 bp −$436doesn'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−0.0056%1h1.1572−0.058%$7K$3K5xas long as short
dYdX ZRO-USD+0.0004%1h1.1583+0.035%$21K$4K5xas long as short
Orderly PERP_ZRO_USDC+0.0037%4h1.1583+0.035%$20K$5K10xas long as short
BloFin ZRO-USDT+0.0071%4h1.1570−0.078%$1.1M$246K75xas long as short
Backpack ZRO_USDC_PERP+0.0089%1h1.1588+0.078%$97K$196K20xas long as short
Lighter ZRO+0.0096%1h1.1610+0.266%$4.3M$1.2M5xas long as short
Aster ZROUSDT+0.0100%4h1.1589+0.089%$156K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1583+0.037%$134K$178K5xas long as short
Binance ZROUSDT+0.0100%4h1.1587+0.069%$21.7M$29.8M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1580+0.009%$17.7M$13.9M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1591+0.104%$3.2M$7.8M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1580+0.009%$1.3M$1.5M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1581+0.017%$19.0M$2.7M125xas long as short
KuCoin ZROUSDTMlong+0.0100%4h1.1579long leg$2.4M$2.0M50x
Bitget ZROUSDTshort+0.0100%4h1.1573−0.052%$2.6M$2.6M75x
BingX ZRO-USDT+0.0100%4h1.1580+0.009%$16.5Mas long as short
Variational Omni ZRO+0.0100%4h1.1590+0.095%$2.2M$810Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1610+0.268%$39K$673K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1582+0.026%$98K$844K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1567−0.106%$20K3xas long as short
Nado ZRO-PERP+0.0221%1h1.1581+0.018%$1.3M$125K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0291% / S −0.2341%1h1.1582+0.030%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0384%1h1.1603+0.207%$255K$404K25xas long as short
Hyperliquid ZRO+0.0478%1h1.1602+0.199%$36.7M$5.4M5xas long as short
Extended ZRO-USD+0.1088%1h1.1587+0.073%$776K$590K10xas long as short
Injective ZRO/USDC PERP+0.1186%1h1.1660+0.700%$12K$260K12xas long as short