Funding arb · Price arb /

ZRO

all ZRO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0348%/8h= +38.1% APRpaid last 24h +0.046%

Price spread now: Variational Omni against 01 Exchange−0.124%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 Variational Omni

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.124% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.124% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 28 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ZROUSD	1.1781	−0.0248	get 0.0031% / 1h	54m 10s	$7K	$3K	5x
Short	Variational Omni ZRO	1.1766	0.0100	get 0.0050% / 4h	2h 54m	$2.2M	$893K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.124%Rate

Funding earned: $73.08
Price spread: −0.124% → 0.000%: −$12.36
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $53.72
Costs to cover: 0.070%
Break-even: 1.9 days

Slippage unknown: 01 Exchange: no order-book sample; Variational Omni: RFQ quote, 5 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 Variational Omni RFQ quote, 5 min ago	3.57 bp	doesn't fit	29.2 bp −$292	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	−0.0248%	1h	1.1781	long leg	$7K	$3K	5x
Orderly PERP_ZRO_USDC	−0.0037%	4h	1.1749	−0.267%	$21K	$7K	10x	as long as short
Bybit ZROUSDT	−0.0007%	4h	1.1739	−0.352%	$18.0M	$16.3M	50x	as long as short
OKX ZRO-USDT-SWAP	−0.0005%	4h	1.1752	−0.242%	$3.2M	$9.2M	20x	as long as short
dYdX ZRO-USD	0.0000%	1h	1.1787	+0.057%	$21K	$2K	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1769	−0.098%	$37.4M	$7.1M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1754	−0.228%	$157K	$163K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1779	−0.011%	$143K	$201K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1748	−0.276%	$22.2M	$34.5M	75x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1740	−0.344%	$1.3M	$2.0M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ZRO_USDT	+0.0100%	4h	1.1750	−0.259%	$19.0M	$3.5M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1741	−0.335%	$2.6M	$1.5M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1746	−0.293%	$2.7M	$2.5M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1752	−0.242%	—	$10.9M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1757	−0.199%	$92K	$209K	20x	as long as short
Variational Omni ZROshort	+0.0100%	4h	1.1766	−0.124%	$2.2M	$893K	—
ApeX Omni ZROUSDT	+0.0100%	1h	1.1770	−0.089%	$37K	$683K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1747	−0.284%	$86K	$1.0M	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1757	−0.201%	$21K	—	3x	as long as short
BloFin ZRO-USDT	+0.0104%	4h	1.1778	−0.021%	$1.1M	$265K	75x	as long as short
Lighter ZRO	+0.0176%	1h	1.1757	−0.199%	$4.6M	$1.2M	5x	as long as short
Nado ZRO-PERP	+0.0221%	1h	1.1738	−0.359%	$1.3M	$131K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0291% / S −0.2341%	1h	1.1758	−0.195%	$3K	—	100x	as long as short
Kraken Futures PF_ZROUSD	+0.0319%	1h	1.1764	−0.139%	$249K	$574K	25x	as long as short
Extended ZRO-USD	+0.0432%	1h	1.1742	−0.327%	$780K	$560K	10x	as long as short
Injective ZRO/USDC PERP	+0.1237%	1h	1.1820	+0.335%	$12K	$145K	12x	as long as short