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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.035%
Price spread now: Nado against Variational Omni+0.138%7-day average +0.023% · 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 4 days (all we have)+0.072%+$7 on $10k
Price spread, last 7 days−0.351%−$35 · spread now +0.138%, 7d avg +0.023%
Together, before fees−0.279%+ Points / potential airdropVariational Omni: Active · Nado: 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: Nado is 0.115% dearer against Variational Omni than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.023%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ZRO1.17750.0100pay 0.0050% / 4h1m 57s$2.3M$760K
ShortNado ZRO-PERP1.17910.0100get 0.0012% / 1h1m 57s$1.3M$128K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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: +0.138% → +0.023%
$11.47
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$4.47
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Nado: live order book, 2 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, 2 min ago4.83 bpdoesn't fit47.5 bp −$475doesn't fitdoesn't fit
Sell Nado live order book, 2 min ago2.54 bp13.5 bp −$1332.6 bp −$326doesn'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−0.0016%1h1.1793+0.152%$4K$5K5xas long as short
dYdX ZRO-USD+0.0005%1h1.1824+0.416%$21K$5K5xas long as short
Orderly PERP_ZRO_USDC+0.0082%4h1.1806+0.264%$21K$4K10xas long as short
BloFin ZRO-USDT+0.0093%4h1.1810+0.298%$1.0M$199K75xas long as short
Lighter ZRO+0.0096%1h1.1827+0.447%$4.4M$1.2M5xas long as short
Nado ZRO-PERPshort+0.0100%1h1.1791+0.138%$1.3M$128K5x
Hyperliquid ZRO+0.0100%1h1.1820+0.383%$37.4M$5.3M5xas long as short
Aster ZROUSDT+0.0100%4h1.1812+0.312%$159K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1812+0.312%$139K$165K5xas long as short
Binance ZROUSDT+0.0100%4h1.1808+0.281%$22.1M$28.9M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ZROUSDT+0.0100%4h1.1798+0.196%$18.0M$13.2M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1808+0.281%$3.2M$7.8M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1790+0.128%$1.3M$1.4M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1807+0.273%$19.4M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1804+0.247%$2.4M$2.1M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1795+0.171%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1806+0.264%$21.7Mas long as short
Variational Omni ZROlong+0.0100%4h1.1775long leg$2.3M$760K
ApeX Omni ZROUSDT+0.0100%1h1.1820+0.383%$40K$668K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1798+0.196%$100K$811K5xas long as short
Backpack ZRO_USDC_PERP+0.0104%1h1.1813+0.323%$98K$218K20xas long as short
Aevo ZRO-PERP+0.0104%1h1.1805+0.256%$21K3xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0294% / S −0.2341%1h1.1813+0.327%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0426%1h1.1830+0.467%$265K$302K25xas long as short
Extended ZRO-USD+0.0440%1h1.1807+0.269%$807K$647K10xas long as short
Injective ZRO/USDC PERP+0.1271%1h1.1860+0.723%$12K$261K12xas long as short