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

ZRO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Binance against Aevo+0.035%7-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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.035% dearer against Aevo than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ZRO-PERP1.18200.0104pay 0.0013% / 1h3m 03s$21K3x
ShortBinance ZROUSDT1.18240.0100get 0.0050% / 4h2h 03m$22.3M$32.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Aevo. 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
−$0.84
Price spread: +0.035% → 0.000%
$3.46
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Binance: 5 bp × 2 orders
−$10
Net
−$23.38
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Binance: live order book, 8 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 Aevo no order-book sample
Sell Binance live order book, 8 min ago0.42 bp12.8 bp −$1332.1 bp −$321173.4 bp −$17.3Kdoesn't fit
Aevo: 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−0.0432%1h1.1817−0.026%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC−0.0054%4h1.1823+0.025%$21K$7K10xas long as short
dYdX ZRO-USD+0.0067%1h1.1814−0.047%$21K$2K5xas long as short
BloFin ZRO-USDT+0.0090%4h1.1814−0.051%$1.1M$264K75xas long as short
Lighter ZRO+0.0096%1h1.1822+0.014%$4.5M$1.4M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1834+0.118%$37.6M$6.4M5xas long as short
Aster ZROUSDT+0.0100%4h1.1832+0.099%$158K$160K10xas long as short
Pacifica ZRO+0.0100%1h1.1815−0.041%$139K$191K5xas long as short
Binance ZROUSDTshort+0.0100%4h1.1824+0.035%$22.3M$32.7M75x
Bybit ZROUSDT+0.0100%4h1.1812−0.068%$18.1M$15.4M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1814−0.051%$3.2M$8.9M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1810−0.085%$1.3M$2.0M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1830+0.085%$19.1M$3.5M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1827+0.059%$2.9M$1.8M50xas long as short
Bitget ZROUSDT+0.0100%4h1.18200.000%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1814−0.051%$10.9Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1828+0.068%$95K$206K20xas long as short
Variational Omni ZRO+0.0100%4h1.1792−0.237%$2.2M$859Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.18200.000%$37K$682K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1826+0.051%$88K$913K5xas long as short
Aevo ZRO-PERPlong+0.0104%1h1.1820long leg$21K3x
Nado ZRO-PERP+0.0179%1h1.1814−0.050%$1.3M$130K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1831+0.093%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0317%1h1.1835+0.124%$251K$566K25xas long as short
Injective ZRO/USDC PERP+0.1237%1h1.1850+0.254%$12K$175K12xas long as short
Extended ZRO-USD+0.2320%1h1.1816−0.038%$784K$539K10xas long as short