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 +0.039%
Price spread now: Bybit against OKX−0.042%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$660.659% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.073%+$7 on $10k
Price spread, last 7 days−0.026%−$3 · spread now −0.042%, 7d avg −0.034%
Together, before fees+0.047%+$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ZRO-USDT-SWAP1.18340.0100pay 0.0050% / 4h3h 16m$3.2M$8.0M20x
ShortBybit ZROUSDT1.18290.0100get 0.0050% / 4h3h 16m$18.1M$14.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: −0.042% → −0.034%
−$0.78
Slippage, 4 orders
−$44.92
Fee OKX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$66.7
Costs to cover
0.659%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago2.54 bp19.2 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago1.27 bp16.5 bp −$1752.0 bp −$520doesn'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−0.0096%1h1.1827−0.055%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC+0.0012%4h1.1830−0.034%$21K$6K10xas long as short
BloFin ZRO-USDT+0.0059%4h1.1788−0.389%$1.1M$254K75xas long as short
Lighter ZRO+0.0096%1h1.1846+0.105%$4.4M$1.5M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1838+0.034%$37.5M$5.7M5xas long as short
Aster ZROUSDT+0.0100%4h1.1830−0.033%$158K$149K10xas long as short
Pacifica ZRO+0.0100%1h1.1822−0.101%$137K$168K5xas long as short
Binance ZROUSDT+0.0100%4h1.1835+0.008%$22.2M$30.1M75xas long as short
Bybit ZROUSDTshort+0.0100%4h1.1829−0.042%$18.1M$14.1M50x
OKX ZRO-USDT-SWAPlong+0.0100%4h1.1834long leg$3.2M$8.0M20x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1820−0.118%$1.4M$1.5M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1835+0.008%$19.2M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1832−0.017%$2.4M$1.9M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1839+0.042%$2.7M$2.4M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1825−0.076%$14.7Mas long as short
Variational Omni ZRO+0.0100%4h1.1818−0.134%$2.3M$853Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1800−0.287%$37K$688K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.18340.000%$92K$826K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1832−0.017%$21K3xas long as short
dYdX ZRO-USD+0.0228%1h1.1800−0.291%$21K$3K5xas long as short
Nado ZRO-PERP+0.0291%1h1.1816−0.150%$1.3M$128K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1832−0.014%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0300%1h1.1846+0.101%$254K$410K25xas long as short
Backpack ZRO_USDC_PERP+0.0378%1h1.1808−0.220%$98K$204K20xas long as short
Injective ZRO/USDC PERP+0.1190%1h1.1820−0.118%$12K$260K12xas long as short
Extended ZRO-USD+0.1256%1h1.1830−0.030%$784K$589K10xas long as short