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: KuCoin against MEXC−0.102%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$890.893% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.021%+$2 on $10k
Price spread, last 7 days+0.109%+$11 · spread now −0.102%, 7d avg +0.006%
Together, before fees+0.129%+$13 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: KuCoin is 0.108% cheaper against MEXC than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ZRO_USDT1.18070.0100pay 0.0050% / 4h1h 16m$19.1M$3.1M125x
ShortKuCoin ZROUSDTM1.17950.0100get 0.0050% / 4h1h 16m$2.7M$1.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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% → +0.006%
−$10.77
Slippage, 4 orders
−$77.33
Fee MEXC: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$100.1
Costs to cover
0.893%
Break-even
never at this rate
Slippage from MEXC: live order book, 2 min ago; KuCoin: live order book, 5 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 MEXC live order book, 2 min ago0.85 bp4.5 bp −$511.5 bp −$11572.5 bp −$7,250374.6 bp −$187.3K
Sell KuCoin live order book, 5 min ago5.09 bp46.1 bp −$46120.6 bp −$1,206doesn'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−0.0480%1h1.1806−0.009%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC−0.0032%4h1.18070.000%$21K$7K10xas long as short
Kraken Futures PF_ZROUSD+0.0059%1h1.1818+0.094%$250K$507K25xas long as short
BloFin ZRO-USDT+0.0091%4h1.1804−0.025%$1.1M$262K75xas long as short
Lighter ZRO+0.0096%1h1.1809+0.014%$4.4M$1.5M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1823+0.136%$37.5M$6.2M5xas long as short
Aster ZROUSDT+0.0100%4h1.1815+0.071%$158K$153K10xas long as short
Pacifica ZRO+0.0100%1h1.1810+0.024%$137K$183K5xas long as short
Binance ZROUSDT+0.0100%4h1.1808+0.009%$22.2M$31.7M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1801−0.051%$18.0M$14.8M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1813+0.051%$3.2M$8.5M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1810+0.025%$1.3M$1.8M75xas long as short
MEXC ZRO_USDTlong+0.0100%4h1.1807long leg$19.1M$3.1M125x
KuCoin ZROUSDTMshort+0.0100%4h1.1795−0.102%$2.7M$1.9M50x
Bitget ZROUSDT+0.0100%4h1.1815+0.068%$2.7M$2.4M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1810+0.025%$10.7Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1814+0.059%$100K$208K20xas long as short
Variational Omni ZRO+0.0100%4h1.1785−0.190%$2.3M$868Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1810+0.025%$37K$683K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1813+0.051%$88K$904K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1806−0.008%$21K3xas long as short
dYdX ZRO-USD+0.0174%1h1.1807+0.004%$21K$2K5xas long as short
Nado ZRO-PERP+0.0195%1h1.1806−0.006%$1.3M$124K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1810+0.024%$3K100xas long as short
Injective ZRO/USDC PERP+0.0980%1h1.1860+0.449%$12K$260K12xas long as short
Extended ZRO-USD+0.2496%1h1.1810+0.021%$780K$560K10xas long as short