Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%
Price spread now: Backpack against ApeX Omni−0.357%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$580.577% of the position
Funding, last 7 days−0.171%−$17 on $10k
+Price spread, last 4 days (all we have)+0.219%+$22 · spread now −0.357%, 7d avg −0.010%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.347% cheaper against ApeX Omni than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ZROUSDT | 1.1760 | 0.0100 | pay 0.0013% / 1h | 21m 36s | $39K | $670K | 50x |
| Short | Backpack ZRO_USDC_PERP | 1.1718 | 0.0100 | get 0.0013% / 1h | 21m 36s | $96K | $217K | 20x |
ApeX Omni ZROUSDT
Backpack ZRO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.357% → −0.010%
- −$34.7
- Slippage, 4 orders
- −$37.68
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$92.38
- Costs to cover
- 0.577%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 37 min ago; Backpack: live order book, 37 min ago.
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 ApeX Omni live order book, 37 min ago | 12.89 bp | 21.4 bp −$21 | 117.3 bp −$1,173 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 37 min ago | 0.43 bp | 7.3 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0018% | 1h | 1.1728 | −0.274% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0037% | 4h | 1.1731 | −0.247% | $21K | $5K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1739 | −0.182% | $4.4M | $1.2M | 5x | as long as short |
| 01 Exchange ZROUSD | +0.0096% | 1h | 1.1721 | −0.336% | $7K | $3K | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1731 | −0.246% | $158K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1720 | −0.337% | $136K | $177K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1721 | −0.329% | $22.0M | $29.9M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1708 | −0.442% | $17.9M | $13.8M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1713 | −0.400% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1710 | −0.425% | $1.3M | $1.5M | 75x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
01 Exchange ZROUSD
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1721 | −0.332% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1726 | −0.289% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1711 | −0.417% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1719 | −0.349% | — | $16.4M | — | as long as short |
| Backpack ZRO_USDC_PERPshort | +0.0100% | 1h | 1.1718 | −0.357% | $96K | $217K | 20x | |
| Variational Omni ZRO | +0.0100% | 4h | 1.1713 | −0.401% | $2.3M | $810K | — | as long as short |
| ApeX Omni ZROUSDTlong | +0.0100% | 1h | 1.1760 | long leg | $39K | $670K | 50x | |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1724 | −0.306% | $100K | $851K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1730 | −0.255% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0136% | 4h | 1.1739 | −0.179% | $1.0M | $249K | 75x | as long as short |
| Nado ZRO-PERP | +0.0203% | 1h | 1.1717 | −0.367% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1728 | −0.270% | $3K | — | 100x | as long as short |
| Hyperliquid ZRO | +0.0363% | 1h | 1.1734 | −0.221% | $37.1M | $5.5M | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0379% | 1h | 1.1738 | −0.185% | $258K | $399K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.1186% | 1h | 1.1800 | +0.340% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1192% | 1h | 1.1709 | −0.435% | $784K | $589K | 10x | as long as short |
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Hyperliquid ZRO
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP
Extended ZRO-USD