Funding arb · Price arb / Crypto

ZRO

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LONGVariational Omni▾Injective −0.1133%Orderly −0.0278%BloFin −0.0200%Phoenix −0.0144%Kraken Futures +0.0021%Gate +0.0034%GMX +0.0052%N1 +0.0056%edgeX +0.0092%Lighter +0.0096%Nado +0.0100%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%Binance +0.0100%Bybit +0.0100%OKX +0.0100%MEXC +0.0100%KuCoin +0.0100%Bitget +0.0100%BingX +0.0100%Backpack +0.0100%Variational Omni +0.0100%ApeX Omni +0.0100%Polymarket Perps +0.0100%TxFlow +0.0100%AZverse +0.0100%Extended +0.0104%Aevo +0.0104%Avantis +0.0146%

⇄⇅

SHORTRISEx▾Extended +0.0104%Aevo +0.0104%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%Binance +0.0100%Bybit +0.0100%OKX +0.0100%MEXC +0.0100%KuCoin +0.0100%Bitget +0.0100%BingX +0.0100%Backpack +0.0100%ApeX Omni +0.0100%Polymarket Perps +0.0100%TxFlow +0.0100%AZverse +0.0100%Nado +0.0100%Lighter +0.0096%edgeX +0.0092%Avantis −0.0063%N1 +0.0056%Gate +0.0034%Kraken Futures +0.0021%GMX +0.0019%Phoenix −0.0144%BloFin −0.0200%Orderly −0.0278%RISEx −0.0506%Injective −0.1133%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Variational OmniZRO	1.6872	+0.0100	pay 0.0050% / 4h	3h 17m	$3.7M	$671K	50x	Long Variational Omni+15% pts
SHORT	RISExZRO/USDC	1.6942	−0.0506	pay 0.0063% / 1h	17m 43s	$140K	$532K	5x	Short RISExInvite

Price gap+0.415%

Funding gap−0.0606% /8h

The gap pays +$31 on $10k if it goes back to its 7d average, but funding costs $18 a day and eats that in about 41 hours.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.261% in total, about +0.0124%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.415%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

Variational OmniRISEx

ZRO on 31 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

• !
  Watch: Thin at this size20.3 / 4.8 bp

  At $10k entering Variational Omni costs 20.3 bp, fee and slippage, 4.2× RISEx’s.
• i
  Note: Margin at max leverage$200 + $2,000

  Variational Omni 50x, RISEx 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ4h / 1h

  Payments land at different times. Close right after the slower leg pays.

  Long Variational Omni · 4h−$3.00

  Short RISEx · 1h−$15.17

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$18.17Long Variational Omni: 6 payments, −$3.00; short RISEx: 24 payments, −$15.17.
• ✓
  OK: Entry gap works for you+0.415% vs +0.106%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Short leg is thinner$140K vs $3.7M OI

  RISEx sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legVariational Omni points

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legVariational Omni No · RISEx No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0124%/8h × 21 periods+$26.07

Price spread+0.415% → +0.106% (7d avg)+$30.92

Slippage, 4 orderslive order books−$39.45

Fee Variational Omni bp × 2 orders$0.00

Fee RISEx bp × 2 orders−$6.00

Net · 7 days · $10k+$11.55

Costs to cover0.454%Break-even3.9 days

Slippage: Variational Omni: RFQ quote, 3 min ago; RISEx: live order book, 12 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGVariational Omni4.2120.3 bp−$2033.3 bp−$333doesn’t fitdoesn’t fit

SELL · SHORTRISEx1.854.8 bp−$520.7 bp−$207doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

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ZRO news

posts that mention ZRO, from every exchangeSearch all news →

10-26 07:15	AZAZverse	Listing	new market zro_usdt ($ZRO) seen by our collector
10-21 12:23	OKX	Other	ZEC (@Zcash) takes the spotlight in X Drops in Europe. Hold ZEC, TAO, LTC, ONDO, LINK, ZRO, LIT, ENA, DOGE or ARB for a share of 200 $ZEC, with 2× on all ZEC trades. Ends Oct 26, 14:00 CEST. @okx on X ↗
10-19 19:00	RISEx	Other	The Fed’s gone quiet. Oct 28 hike odds have already slipped to the 10 - 16% range So Big Tech's earnings and Friday’s flash PMIs will most likely carry the tape for this week On crypto: ZRO unlock alongside ZEC's NU7 decision Watch out for Wednesday and Friday @risextrade on X ↗
10-15 13:32	RISEx	Other	Happy trading $GOOGL: $STRK: $ZRO: @risextrade on X ↗
10-15 13:32	RISEx	Listing	This week adds: $GOOGL, Google how to long it. (20x) $STRK, Startnet your L2 bags. (5x) $ZRO, Zero hops between chains. (5x) All three are live More next week. @risextrade on X ↗
10-15 07:23	RISEx	Listing	new market ZRO/USDC ($ZRO) seen by our collector