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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.039%
Price spread now: BingX against OKX+0.120%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$510.510% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.086%+$9 on $10k
Price spread, last 7 days−0.160%−$16 · spread now +0.120%, 7d avg −0.014%
Together, before fees−0.074%−$7 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 0.134% dearer against OKX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ZRO-USDT-SWAP1.16890.0100pay 0.0050% / 4h43m 10s$3.2M$7.6M20x
ShortBingX ZRO-USDT1.17030.0100get 0.0050% / 4h43m 10s$21.8M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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: +0.120% → −0.014%
$13.42
Slippage, 4 orders
−$31.02
Fee OKX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$37.61
Costs to cover
0.510%
Break-even
never at this rate
Slippage from OKX: live order book, 5 min ago; BingX: live order book, 10 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 OKX live order book, 5 min ago0.43 bp15.3 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 10 min ago1.72 bp6.8 bp −$711.3 bp −$11321.5 bp −$2,15044.4 bp −$22.2K

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
dYdX ZRO-USD0.0000%1h1.1707+0.151%$21K$5K5xas long as short
BloFin ZRO-USDT+0.0078%4h1.1700+0.094%$1.0M$205K75xas long as short
01 Exchange ZROUSD+0.0088%1h1.1709+0.168%$4K$5K5xas long as short
Orderly PERP_ZRO_USDC+0.0093%4h1.1694+0.043%$20K$4K10xas long as short
Lighter ZRO+0.0096%1h1.1713+0.209%$4.4M$1.2M5xas long as short
Nado ZRO-PERP+0.0100%1h1.1706+0.146%$1.3M$128K5xas long as short
Hyperliquid ZRO+0.0100%1h1.1713+0.205%$37.1M$5.3M5xas long as short
Aster ZROUSDT+0.0100%4h1.1704+0.128%$158K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1701+0.100%$138K$171K5xas long as short
Binance ZROUSDT+0.0100%4h1.1694+0.045%$21.9M$28.9M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ZROUSDT+0.0100%4h1.1696+0.060%$17.9M$13.2M50xas long as short
OKX ZRO-USDT-SWAPlong+0.0100%4h1.1689long leg$3.2M$7.6M20x
Gate ZRO_USDT+0.0100%4h1.1700+0.094%$1.3M$1.4M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1695+0.051%$19.2M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1704+0.128%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1693+0.034%$2.7M$2.5M75xas long as short
BingX ZRO-USDTshort+0.0100%4h1.1703+0.120%$21.8M
Variational Omni ZRO+0.0100%4h1.1686−0.024%$2.3M$771Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1680−0.077%$39K$669K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1708+0.163%$99K$813K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.16890.000%$21K3xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1699+0.088%$3K100xas long as short
Backpack ZRO_USDC_PERP+0.0350%1h1.1706+0.145%$95K$214K20xas long as short
Kraken Futures PF_ZROUSD+0.0430%1h1.1703+0.120%$254K$298K25xas long as short
Extended ZRO-USD+0.0696%1h1.1689+0.003%$797K$647K10xas long as short
Injective ZRO/USDC PERP+0.1271%1h1.1730+0.351%$12K$261K12xas long as short