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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Variational Omni against Pacifica−0.125%7-day average −0.048% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.004%$0 on $10k
Price spread, last 4 days (all we have)+0.287%+$29 · spread now −0.125%, 7d avg −0.048%
Together, before fees+0.283%+ Points / potential airdropPacifica: Active · Variational Omni: Active · farm board+$28 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: Variational Omni is 0.077% cheaper against Pacifica than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ZRO1.17970.0100pay 0.0013% / 1h20m 18s$137K$170K5x
ShortVariational Omni ZRO1.17830.0100get 0.0050% / 4h3h 20m$2.3M$854K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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: −0.125% → −0.048%
−$7.66
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$15.66
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 52 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

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, 52 min ago6.39 bp20.2 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 4 min ago3.60 bpdoesn't fit40.2 bp −$402doesn'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−0.0088%1h1.1801+0.034%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC+0.0013%4h1.1808+0.091%$21K$6K10xas long as short
Lighter ZRO+0.0096%1h1.1820+0.191%$4.4M$1.5M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1809+0.099%$37.4M$5.7M5xas long as short
Aster ZROUSDT+0.0100%4h1.1801+0.032%$158K$149K10xas long as short
Pacifica ZROlong+0.0100%1h1.1797long leg$137K$170K5x
Binance ZROUSDT+0.0100%4h1.1804+0.057%$22.2M$30.2M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1800+0.023%$18.1M$14.1M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1805+0.065%$3.2M$8.0M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1790−0.062%$1.4M$1.5M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ZRO_USDT+0.0100%4h1.1805+0.065%$19.2M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1796−0.011%$2.4M$1.9M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1809+0.099%$2.7M$2.4M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1800+0.023%$14.7Mas long as short
Variational Omni ZROshort+0.0100%4h1.1783−0.125%$2.3M$854K
ApeX Omni ZROUSDT+0.0100%1h1.1810+0.108%$37K$687K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1808+0.091%$92K$826K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1803+0.050%$21K3xas long as short
BloFin ZRO-USDT+0.0112%4h1.1792−0.045%$1.1M$254K75xas long as short
dYdX ZRO-USD+0.0238%1h1.1791−0.057%$21K$3K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1808+0.088%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0301%1h1.1821+0.203%$253K$410K25xas long as short
Nado ZRO-PERP+0.0303%1h1.1793−0.039%$1.3M$128K5xas long as short
Backpack ZRO_USDC_PERP+0.0392%1h1.1797−0.003%$98K$205K20xas long as short
Injective ZRO/USDC PERP+0.1190%1h1.1840+0.362%$12K$260K12xas long as short
Extended ZRO-USD+0.1304%1h1.1808+0.086%$788K$589K10xas long as short