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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Variational Omni−0.025%58s7-day average +0.082% · 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)+0.007%+$1 on $10k
Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.025%, 7d avg +0.082%
Together, before fees+0.087%+ Points / potential airdropVariational Omni: Active · farm board+$9 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: ApeX Omni is 0.107% cheaper against Variational Omni than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.082%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ZRO1.17730.0100pay 0.0050% / 4h0m 36s$2.3M$810K
ShortApeX Omni ZROUSDT1.17700.0100get 0.0013% / 1h0m 36s$39K$673K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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: −0.025% → +0.082%
−$10.74
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$20.74
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; ApeX Omni: live order book, 58 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 Variational Omni RFQ quote, 4 min ago3.63 bpdoesn't fit49.4 bp −$494doesn't fitdoesn't fit
Sell ApeX Omni live order book, 58 min ago12.89 bp22.1 bp −$22127.8 bp −$1,278doesn'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
dYdX ZRO-USD+0.0041%1h1.1777+0.037%$21K$4K5xas long as short
Orderly PERP_ZRO_USDC+0.0044%4h1.1773+0.001%$21K$5K10xas long as short
Lighter ZRO+0.0096%1h1.1797+0.205%$4.4M$1.2M5xas long as short
Aster ZROUSDT+0.0100%4h1.1781+0.070%$159K$151K10xas long as short
Pacifica ZRO+0.0100%1h1.1780+0.064%$137K$178K5xas long as short
Binance ZROUSDT+0.0100%4h1.1774+0.011%$22.1M$29.8M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1775+0.018%$18.0M$13.9M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1774+0.009%$3.2M$7.9M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1770−0.025%$1.3M$1.5M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1778+0.043%$19.3M$2.7M125xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ZROUSDTM+0.0100%4h1.1775+0.018%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1775+0.018%$2.7M$2.6M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1779+0.051%$16.4Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1781+0.068%$101K$219K20xas long as short
Variational Omni ZROlong+0.0100%4h1.1773long leg$2.3M$810K
ApeX Omni ZROUSDTshort+0.0100%1h1.1770−0.025%$39K$673K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1787+0.119%$100K$851K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1770−0.025%$21K3xas long as short
BloFin ZRO-USDT+0.0125%4h1.1769−0.033%$1.1M$250K75xas long as short
01 Exchange ZROUSD+0.0152%1h1.1786+0.113%$7K$3K5xas long as short
Nado ZRO-PERP+0.0188%1h1.1779+0.051%$1.3M$124K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0293% / S −0.2341%1h1.1780+0.057%$3K100xas long as short
Hyperliquid ZRO+0.0319%1h1.1794+0.179%$37.4M$5.5M5xas long as short
Kraken Futures PF_ZROUSD+0.0378%1h1.1780+0.063%$259K$390K25xas long as short
Injective ZRO/USDC PERP+0.1186%1h1.1770−0.025%$12K$260K12xas long as short
Extended ZRO-USD+0.1200%1h1.1771−0.016%$784K$589K10xas long as short