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: KuCoin against OKX−0.094%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1321.319% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.078%+$8 on $10k
Price spread, last 7 days+0.023%+$2 · spread now −0.094%, 7d avg −0.003%
Together, before fees+0.101%+$10 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 0.091% cheaper against OKX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ZRO-USDT-SWAP1.17360.0100pay 0.0050% / 4h1h 57m$3.2M$7.8M20x
ShortKuCoin ZROUSDTM1.17250.0100get 0.0050% / 4h1h 57m$2.4M$2.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.094% → −0.003%
−$9.1
Slippage, 4 orders
−$109.92
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$141.02
Costs to cover
1.319%
Break-even
never at this rate
Slippage from OKX: live order book, 5 min ago; KuCoin: live order book, 9 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 ago1.70 bp12.0 bp −$1280.7 bp −$807doesn't fitdoesn't fit
Sell KuCoin live order book, 9 min ago8.94 bp40.2 bp −$40138.6 bp −$1,386doesn'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
dYdX ZRO-USD0.0000%1h1.1734−0.016%$21K$5K5xas long as short
01 Exchange ZROUSD0.0000%1h1.1765+0.251%$4K$5K5xas long as short
BloFin ZRO-USDT+0.0059%4h1.1697−0.332%$1.0M$253K75xas long as short
Orderly PERP_ZRO_USDC+0.0075%4h1.17360.000%$21K$4K10xas long as short
Lighter ZRO+0.0096%1h1.1733−0.025%$4.4M$1.2M5xas long as short
Nado ZRO-PERP+0.0100%1h1.1747+0.094%$1.3M$126K5xas long as short
Aster ZROUSDT+0.0100%4h1.1740+0.033%$159K$151K10xas long as short
Pacifica ZRO+0.0100%1h1.1748+0.102%$138K$174K5xas long as short
Binance ZROUSDT+0.0100%4h1.1726−0.085%$21.9M$29.4M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1730−0.051%$18.0M$13.6M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAPlong+0.0100%4h1.1736long leg$3.2M$7.8M20x
Gate ZRO_USDT+0.0100%4h1.1720−0.136%$1.3M$1.4M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1737+0.009%$19.3M$2.7M125xas long as short
KuCoin ZROUSDTMshort+0.0100%4h1.1725−0.094%$2.4M$2.0M50x
Bitget ZROUSDT+0.0100%4h1.1737+0.009%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1733−0.026%$16.6Mas long as short
Variational Omni ZRO+0.0100%4h1.1717−0.163%$2.3M$812Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1720−0.136%$39K$672K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1758+0.187%$100K$819K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1728−0.066%$21K3xas long as short
Hyperliquid ZRO+0.0254%1h1.1749+0.111%$37.3M$5.5M5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0293% / S −0.2341%1h1.1743+0.060%$3K100xas long as short
Backpack ZRO_USDC_PERP+0.0355%1h1.1741+0.043%$96K$222K20xas long as short
Kraken Futures PF_ZROUSD+0.0512%1h1.1738+0.020%$254K$333K25xas long as short
Extended ZRO-USD+0.0880%1h1.1738+0.016%$803K$625K10xas long as short
Injective ZRO/USDC PERP+0.1317%1h1.1690−0.392%$12K$260K12xas long as short