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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0204%/8h= +22.3% APRpaid last 24h −0.024%
Price spread now: dYdX against Variational Omni+0.243%53s7-day average · you sell dearer than you buy
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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and dYdX is 0.243% dearer against Variational Omni than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ZRO1.18370.0100pay 0.0050% / 4h55m 52s$2.3M$850K
ShortdYdX ZRO-USD1.18660.0304get 0.0038% / 1h55m 52s$21K$2K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
$42.77
Price spread: +0.243% → 0.000%
$24.35
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee dYdX: 5 bp × 2 orders
−$10
Net
$57.12
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; dYdX: no order-book sample. 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, 3 min ago4.41 bpdoesn't fit46.6 bp −$466doesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0144%1h1.1866+0.242%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC−0.0019%4h1.1869+0.271%$21K$7K10xas long as short
Lighter ZRO+0.0096%1h1.1874+0.311%$4.4M$1.5M5xas long as short
Aster ZROUSDT+0.0100%4h1.1880+0.363%$159K$154K10xas long as short
Pacifica ZRO+0.0100%1h1.1865+0.237%$138K$181K5xas long as short
Binance ZROUSDT+0.0100%4h1.1872+0.299%$22.3M$31.3M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1878+0.347%$18.1M$14.7M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1875+0.322%$3.2M$8.4M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1870+0.280%$1.4M$1.8M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1870+0.280%$19.2M$2.7M125xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ZROUSDTM+0.0100%4h1.1860+0.195%$2.5M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1873+0.305%$2.8M$2.4M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1876+0.330%$10.7Mas long as short
Variational Omni ZROlong+0.0100%4h1.1837long leg$2.3M$850K
ApeX Omni ZROUSDT+0.0100%1h1.1830−0.058%$37K$686K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1872+0.297%$89K$815K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1870+0.280%$21K3xas long as short
BloFin ZRO-USDT+0.0118%4h1.1875+0.322%$1.1M$258K75xas long as short
Kraken Futures PF_ZROUSD+0.0131%1h1.1881+0.371%$255K$434K25xas long as short
Backpack ZRO_USDC_PERP+0.0169%1h1.1875+0.322%$101K$208K20xas long as short
Nado ZRO-PERP+0.0241%1h1.1862+0.210%$1.3M$126K5xas long as short
Hyperliquid ZRO+0.0241%1h1.1892+0.465%$37.7M$6.2M5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1870+0.282%$3K100xas long as short
dYdX ZRO-USDshort+0.0304%1h1.1866+0.243%$21K$2K5x
Injective ZRO/USDC PERP+0.1159%1h1.1910+0.618%$12K$260K12xas long as short
Extended ZRO-USD+0.1984%1h1.1876+0.330%$784K$558K10xas long as short