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: Bitget against Polymarket Perps−0.179%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$590.588% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.129%+$13 on $10k
Price spread, last 3 days (all we have)+0.021%+$2 · spread now −0.179%, 7d avg −0.075%
Together, before fees+0.151%+$15 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: Bitget is 0.104% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.075%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ZRO-USD1.17470.0100pay 0.0013% / 1h33m 10s$94K$825K5x
ShortBitget ZROUSDT1.17260.0100get 0.0050% / 4h33m 10s$2.7M$2.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Polymarket Perps. 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: −0.179% → −0.075%
−$10.41
Slippage, 4 orders
−$38.83
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$69.24
Costs to cover
0.588%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 5 min ago; Bitget: live order book, 4 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 Polymarket Perps live order book, 5 min ago1.27 bp5.5 bp −$58.6 bp −$86doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago3.82 bp22.7 bp −$2345.5 bp −$455doesn'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−0.0160%1h1.1734−0.109%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC0.0000%4h1.1744−0.026%$21K$7K10xas long as short
BloFin ZRO-USDT+0.0076%4h1.1737−0.085%$1.1M$255K75xas long as short
Lighter ZRO+0.0096%1h1.1746−0.008%$4.4M$1.5M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1738−0.077%$37.2M$6.2M5xas long as short
Aster ZROUSDT+0.0100%4h1.1743−0.038%$157K$153K10xas long as short
Pacifica ZRO+0.0100%1h1.1745−0.017%$136K$177K5xas long as short
Binance ZROUSDT+0.0100%4h1.1733−0.122%$22.0M$31.3M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1734−0.111%$17.9M$14.7M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1730−0.145%$3.2M$8.3M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1740−0.060%$1.3M$1.8M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1739−0.068%$19.1M$2.8M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1732−0.128%$2.4M$1.9M50xas long as short
Bitget ZROUSDTshort+0.0100%4h1.1726−0.179%$2.7M$2.4M75x
BingX ZRO-USDT+0.0100%4h1.1735−0.102%$10.7Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1742−0.043%$100K$207K20xas long as short
Variational Omni ZRO+0.0100%4h1.1756+0.074%$2.3M$878Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1770+0.196%$37K$685K50xas long as short
Polymarket Perps ZRO-USDlong+0.0100%1h1.1747long leg$94K$825K5x
Aevo ZRO-PERP+0.0104%1h1.1738−0.081%$21K3xas long as short
Kraken Futures PF_ZROUSD+0.0133%1h1.1747+0.002%$252K$434K25xas long as short
dYdX ZRO-USD+0.0143%1h1.1748+0.009%$21K$2K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0291% / S −0.2341%1h1.1743−0.037%$3K100xas long as short
Nado ZRO-PERP+0.0369%1h1.1741−0.054%$1.3M$125K5xas long as short
Injective ZRO/USDC PERP+0.1159%1h1.1840+0.792%$12K$260K12xas long as short
Extended ZRO-USD+0.1984%1h1.1737−0.085%$784K$610K10xas long as short