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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Pacifica+0.050%47s7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$570.569% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.036%+$4 on $10k
Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.050%, 7d avg −0.029%
Together, before fees−0.102%+ Points / potential airdropPacifica: Active · farm board−$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: BingX is 0.079% dearer against Pacifica than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.029%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ZRO1.17370.0100pay 0.0013% / 1h9m 50s$136K$175K5x
ShortBingX ZRO-USDT1.17430.0100get 0.0050% / 4h9m 50s$10.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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: +0.050% → −0.029%
$7.89
Slippage, 4 orders
−$38.89
Fee Pacifica: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$49.01
Costs to cover
0.569%
Break-even
never at this rate
Slippage from Pacifica: live order book, 3 min ago; BingX: live order book, 3 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, 3 min ago6.39 bp20.2 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 3 min ago2.56 bp9.4 bp −$912.9 bp −$12923.1 bp −$2,31145.4 bp −$22.7K

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−0.0232%1h1.1731−0.052%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC+0.0012%4h1.1744+0.059%$21K$7K10xas long as short
dYdX ZRO-USD+0.0096%1h1.1738+0.011%$21K$3K5xas long as short
Lighter ZRO+0.0096%1h1.1753+0.135%$4.4M$1.5M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1751+0.118%$37.2M$6.2M5xas long as short
Aster ZROUSDT+0.0100%4h1.1750+0.112%$157K$153K10xas long as short
Pacifica ZROlong+0.0100%1h1.1737long leg$136K$175K5x
Binance ZROUSDT+0.0100%4h1.1748+0.089%$22.1M$30.8M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1735−0.018%$17.9M$14.4M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1743+0.050%$3.2M$8.1M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1730−0.060%$1.3M$1.8M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1751+0.118%$19.1M$2.8M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1735−0.018%$2.4M$1.9M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1743+0.050%$2.7M$2.4M75xas long as short
BingX ZRO-USDTshort+0.0100%4h1.1743+0.050%$10.7M
Backpack ZRO_USDC_PERP+0.0100%1h1.1753+0.135%$97K$207K20xas long as short
Variational Omni ZRO+0.0100%4h1.1719−0.156%$2.3M$879Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1730−0.060%$37K$687K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1757+0.170%$94K$823K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1748+0.095%$21K3xas long as short
Kraken Futures PF_ZROUSD+0.0133%1h1.1757+0.166%$252K$419K25xas long as short
BloFin ZRO-USDT+0.0150%4h1.1723−0.120%$1.1M$255K75xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0291% / S −0.2341%1h1.1750+0.108%$3K100xas long as short
Nado ZRO-PERP+0.0314%1h1.1739+0.015%$1.3M$124K5xas long as short
Injective ZRO/USDC PERP+0.1159%1h1.1790+0.451%$12K$260K12xas long as short
Extended ZRO-USD+0.1952%1h1.1743+0.050%$784K$589K10xas long as short