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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.2237%/8h= +245.0% APRnext payment +$2.80 per $10,000 · paid last 24h +1.006%
Price spread now: GMX against Aevo+0.040%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$67 a day on $10k at the current rate, and GMX is 0.040% dearer against Aevo than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ZRO-PERP1.18250.0104pay 0.0013% / 1h25m 35s$21K3x
ShortGMX ZRO/USD [ETH-USDC]1.1830L +0.0292% / S −0.2341%get 0.0293% / 1h25m 35s$3K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$469.81
Price spread: +0.040% → 0.000%
$3.98
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee GMX: 6 bp × 2 orders
−$12
Net
$445.79
Costs to cover
0.280%
Break-even
0.4 days
Slippage unknown: Aevo: no order-book sample; GMX: no order-book sample. 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 GMX no order-book sample
Aevo and GMX: 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−0.0080%1h1.1820−0.040%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC+0.0012%4h1.1830+0.042%$21K$6K10xas long as short
BloFin ZRO-USDT+0.0060%4h1.1801−0.203%$1.1M$254K75xas long as short
Lighter ZRO+0.0096%1h1.1841+0.137%$4.4M$1.5M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1841+0.134%$37.5M$5.8M5xas long as short
Aster ZROUSDT+0.0100%4h1.1838+0.107%$158K$149K10xas long as short
Pacifica ZRO+0.0100%1h1.1828+0.028%$137K$170K5xas long as short
Binance ZROUSDT+0.0100%4h1.1828+0.029%$22.2M$30.2M75xas long as short
Bybit ZROUSDT+0.0100%4h1.18250.000%$18.1M$14.1M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1830+0.042%$3.2M$8.1M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1830+0.042%$1.4M$1.5M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1830+0.042%$19.2M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1818−0.059%$2.4M$1.9M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1820−0.042%$2.7M$2.4M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1827+0.017%$14.7Mas long as short
Variational Omni ZRO+0.0100%4h1.1824−0.012%$2.3M$854Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1770−0.465%$37K$688K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1834+0.076%$92K$828K5xas long as short
Aevo ZRO-PERPlong+0.0104%1h1.1825long leg$21K3x
dYdX ZRO-USD+0.0246%1h1.1824−0.009%$21K$3K5xas long as short
Nado ZRO-PERP+0.0289%1h1.1823−0.017%$1.3M$129K5xas long as short
GMX ZRO/USD [ETH-USDC]shortL +0.0292% / S −0.2341%1h1.1830+0.040%$3K100x
Kraken Futures PF_ZROUSD+0.0300%1h1.1844+0.161%$254K$410K25xas long as short
Backpack ZRO_USDC_PERP+0.0379%1h1.1836+0.093%$100K$204K20xas long as short
Injective ZRO/USDC PERP+0.1190%1h1.1840+0.127%$12K$260K12xas long as short
Extended ZRO-USD+0.1360%1h1.1824−0.012%$788K$589K10xas long as short