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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0079%/8h= −8.7% APRnext payment $0.10 per $10,000 · paid last 24h −0.020%
Price spread now: Pacifica against Nado+0.039%50s7-day average −0.002% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.053%−$5 on $10k
Price spread, last 4 days (all we have)−0.524%−$52 · spread now +0.039%, 7d avg −0.002%
Together, before fees−0.576%+ Points / potential airdropNado: Active · Pacifica: Active · farm board−$58 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.041% dearer against Nado than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.002%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 41 hours. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado ZRO-PERP1.18140.0179pay 0.0022% / 1h2m 45s$1.3M$130K5x
ShortPacifica ZRO1.18190.0100get 0.0013% / 1h2m 45s$139K$191K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Nado. 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
−$16.67
Price spread: +0.039% → −0.002%
$4.1
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$27.58
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Nado: live order book, 1 min ago; Pacifica: live order book, 20 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 1 min ago1.27 bp11.8 bp −$1243.1 bp −$431doesn't fitdoesn't fit
Sell Pacifica live order book, 20 min ago2.53 bp11.7 bp −$12doesn'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−0.0432%1h1.1817+0.024%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC−0.0054%4h1.1823+0.076%$21K$7K10xas long as short
dYdX ZRO-USD+0.0076%1h1.1814+0.004%$21K$2K5xas long as short
BloFin ZRO-USDT+0.0090%4h1.18140.000%$1.1M$264K75xas long as short
Lighter ZRO+0.0096%1h1.1820+0.047%$4.5M$1.4M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1834+0.169%$37.6M$6.4M5xas long as short
Aster ZROUSDT+0.0100%4h1.1831+0.140%$158K$160K10xas long as short
Pacifica ZROshort+0.0100%1h1.1819+0.039%$139K$191K5x
Binance ZROUSDT+0.0100%4h1.1818+0.033%$22.3M$32.7M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1809−0.043%$18.1M$15.4M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1813−0.009%$3.2M$8.9M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1820+0.050%$1.3M$2.0M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1818+0.033%$19.1M$3.5M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1826+0.101%$2.9M$1.8M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1816+0.017%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1815+0.008%$10.9Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1828+0.118%$95K$206K20xas long as short
Variational Omni ZRO+0.0100%4h1.1792−0.187%$2.2M$859Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1820+0.050%$37K$682K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1826+0.101%$88K$913K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1820+0.050%$21K3xas long as short
Nado ZRO-PERPlong+0.0179%1h1.1814long leg$1.3M$130K5x
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1831+0.144%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0317%1h1.1835+0.174%$251K$566K25xas long as short
Injective ZRO/USDC PERP+0.1237%1h1.1850+0.304%$12K$175K12xas long as short
Extended ZRO-USD+0.2320%1h1.1815+0.010%$784K$539K10xas long as short