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% APRpaid last 24h 0.000%
Price spread now: Binance against Pacifica−0.164%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$570.572% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.010%+$1 on $10k
Price spread, last 4 days (all we have)+0.124%+$12 · spread now −0.164%, 7d avg −0.012%
Together, before fees+0.134%+ Points / potential airdropPacifica: Active · farm board+$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: Binance is 0.152% cheaper against Pacifica than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ZRO1.16470.0100pay 0.0013% / 1h59m 01s$137K$171K5x
ShortBinance ZROUSDT1.16280.0100get 0.0050% / 4h59m 01s$21.7M$29.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Pacifica. 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: −0.164% → −0.012%
−$15.19
Slippage, 4 orders
−$39.16
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$72.36
Costs to cover
0.572%
Break-even
never at this rate
Slippage from Pacifica: live order book, 44 min ago; Binance: live order book, 12 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 Pacifica live order book, 44 min ago3.42 bp16.7 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 12 min ago0.43 bp12.1 bp −$1229.6 bp −$296199.7 bp −$20.0Kdoesn'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−0.0112%1h1.1638−0.076%$4K$5K5xas long as short
dYdX ZRO-USD+0.0026%1h1.1652+0.045%$21K$5K5xas long as short
BloFin ZRO-USDT+0.0045%4h1.1639−0.069%$1.0M$203K75xas long as short
Orderly PERP_ZRO_USDC+0.0094%4h1.1637−0.087%$20K$4K10xas long as short
Lighter ZRO+0.0096%1h1.1656+0.072%$4.3M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1646−0.009%$36.9M$5.4M5xas long as short
Aster ZROUSDT+0.0100%4h1.1637−0.087%$157K$149K10xas long as short
Pacifica ZROlong+0.0100%1h1.1647long leg$137K$171K5x
Binance ZROUSDTshort+0.0100%4h1.1628−0.164%$21.7M$29.0M75x
Bybit ZROUSDT+0.0100%4h1.1622−0.215%$17.8M$13.3M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1626−0.181%$3.2M$7.6M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1650+0.025%$1.3M$1.4M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1634−0.112%$19.1M$2.6M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1660+0.111%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1624−0.198%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1635−0.104%$16.5Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1636−0.095%$94K$214K20xas long as short
Variational Omni ZRO+0.0100%4h1.1639−0.070%$2.3M$771Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1650+0.025%$39K$670K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1645−0.018%$99K$817K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1646−0.013%$21K3xas long as short
Nado ZRO-PERP+0.0265%1h1.1648+0.004%$1.3M$128K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1641−0.052%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0432%1h1.1648+0.008%$253K$298K25xas long as short
Extended ZRO-USD+0.0776%1h1.1635−0.102%$797K$647K10xas long as short
Injective ZRO/USDC PERP+0.1271%1h1.1630−0.147%$12K$261K12xas long as short