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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against Polymarket Perps−0.212%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$630.630% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.108%+$11 on $10k
Price spread, last 3 days (all we have)−0.025%−$3 · spread now −0.212%, 7d avg −0.056%
Together, before fees+0.083%+$8 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: Gate is 0.156% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ZRO-USD1.17750.0100pay 0.0013% / 1h57m 38s$86K$1.0M5x
ShortGate ZRO_USDT1.17500.0100get 0.0050% / 4h2h 57m$1.3M$2.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: −0.212% → −0.056%
−$15.62
Slippage, 4 orders
−$40.02
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$78.65
Costs to cover
0.630%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, just now; Gate: live order book, 5 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, just now2.98 bp7.0 bp −$715.6 bp −$156doesn't fitdoesn't fit
Sell Gate live order book, 5 min ago4.25 bp18.9 bp −$1953.8 bp −$538doesn'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−0.0296%1h1.1749−0.217%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC−0.0036%4h1.1757−0.153%$21K$7K10xas long as short
Bybit ZROUSDT−0.0025%4h1.1750−0.212%$18.1M$16.4M50xas long as short
OKX ZRO-USDT-SWAP−0.0018%4h1.1760−0.127%$3.2M$9.3M20xas long as short
dYdX ZRO-USD0.0000%1h1.1766−0.076%$21K$2K5xas long as short
BloFin ZRO-USDT+0.0085%4h1.1768−0.059%$1.1M$265K75xas long as short
Hyperliquid ZRO+0.0100%1h1.1774−0.008%$37.4M$7.3M5xas long as short
Aster ZROUSDT+0.0100%4h1.1770−0.040%$157K$165K10xas long as short
Pacifica ZRO+0.0100%1h1.1759−0.139%$143K$201K5xas long as short
Binance ZROUSDT+0.0100%4h1.1757−0.150%$22.3M$34.8M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDTshort+0.0100%4h1.1750−0.212%$1.3M$2.0M75x
MEXC ZRO_USDT+0.0100%4h1.1756−0.161%$19.0M$3.5M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1768−0.059%$2.5M$1.5M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1761−0.119%$2.7M$2.6M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1750−0.212%$10.9Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1752−0.195%$92K$208K20xas long as short
Variational Omni ZRO+0.0100%4h1.1788+0.112%$2.2M$892Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1770−0.042%$37K$682K50xas long as short
Polymarket Perps ZRO-USDlong+0.0100%1h1.1775long leg$86K$1.0M5x
Aevo ZRO-PERP+0.0104%1h1.1745−0.255%$21K3xas long as short
Extended ZRO-USD+0.0144%1h1.1751−0.204%$780K$556K10xas long as short
Lighter ZRO+0.0248%1h1.1771−0.032%$4.7M$1.1M5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0291% / S −0.2341%1h1.1765−0.089%$3K100xas long as short
Nado ZRO-PERP+0.0310%1h1.1761−0.120%$1.3M$132K5xas long as short
Kraken Futures PF_ZROUSD+0.0319%1h1.1763−0.100%$249K$574K25xas long as short
Injective ZRO/USDC PERP+0.1237%1h1.1760−0.127%$12K$145K12xas long as short