Funding arb · Price arb /

ZRO

all ZRO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.072%

Price spread now: KuCoin against 01 Exchange−0.344%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 0.344% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.344% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$34 on $10k: about 9.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ZROUSD	1.1608	−0.0016	get 0.0002% / 1h	42m 59s	$7K	$3K	5x
Short	KuCoin ZROUSDTM	1.1568	0.0100	get 0.0050% / 4h	42m 59s	$2.4M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against 01 Exchange. 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

Position, each leg$Hold fordaysFee 01 ExchangebpFee KuCoinbpOrdersPrice spread, now −0.344%Rate

Funding earned: $24.36
Price spread: −0.344% → 0.000%: −$34.37
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$29.01
Costs to cover: 0.190%
Break-even: 15.3 days

Slippage unknown: 01 Exchange: no order-book sample; KuCoin: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy 01 Exchange no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	6.91 bp	42.6 bp −$43	151.0 bp −$1,510	doesn't fit	doesn't fit

01 Exchange: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZROUSDlong	−0.0016%	1h	1.1608	long leg	$7K	$3K	5x
dYdX ZRO-USD	+0.0003%	1h	1.1609	+0.012%	$21K	$4K	5x	as long as short
Orderly PERP_ZRO_USDC	+0.0037%	4h	1.1600	−0.068%	$20K	$5K	10x	as long as short
Backpack ZRO_USDC_PERP	+0.0074%	1h	1.1594	−0.120%	$97K	$196K	20x	as long as short
Lighter ZRO	+0.0096%	1h	1.1619	+0.091%	$4.3M	$1.2M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1601	−0.062%	$156K	$150K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1611	+0.027%	$135K	$178K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1577	−0.263%	$21.6M	$29.8M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1569	−0.335%	$17.6M	$13.9M	50x	as long as short
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1579	−0.249%	$3.1M	$7.8M	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ZRO_USDT	+0.0100%	4h	1.1590	−0.154%	$1.3M	$1.5M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1577	−0.266%	$19.0M	$2.7M	125x	as long as short
KuCoin ZROUSDTMshort	+0.0100%	4h	1.1568	−0.344%	$2.4M	$2.0M	50x
Bitget ZROUSDT	+0.0100%	4h	1.1567	−0.352%	$2.6M	$2.6M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1580	−0.240%	—	$16.4M	—	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1578	−0.259%	$2.2M	$811K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1590	−0.154%	$39K	$673K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1608	+0.001%	$98K	$844K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1590	−0.154%	$20K	—	3x	as long as short
BloFin ZRO-USDT	+0.0109%	4h	1.1603	−0.042%	$1.1M	$247K	75x	as long as short
Nado ZRO-PERP	+0.0190%	1h	1.1607	−0.010%	$1.3M	$125K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0292% / S −0.2341%	1h	1.1601	−0.061%	$3K	—	100x	as long as short
Kraken Futures PF_ZROUSD	+0.0384%	1h	1.1606	−0.017%	$255K	$404K	25x	as long as short
Hyperliquid ZRO	+0.0476%	1h	1.1600	−0.068%	$36.7M	$5.5M	5x	as long as short
Extended ZRO-USD	+0.1168%	1h	1.1572	−0.305%	$776K	$590K	10x	as long as short
Injective ZRO/USDC PERP	+0.1186%	1h	1.1660	+0.449%	$12K	$260K	12x	as long as short