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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against ApeX Omni+0.299%53s7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$860.857% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 4 days (all we have)−0.845%−$85 · spread now +0.299%, 7d avg −0.043%
Together, before fees−0.845%−$84 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.342% dearer against ApeX Omni than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of −0.043%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZROUSDT1.16900.0100pay 0.0013% / 1h56m 37s$39K$675K50x
ShortBitget ZROUSDT1.17250.0100get 0.0050% / 4h1h 56m$2.7M$2.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.299% → −0.043%
$34.2
Slippage, 4 orders
−$63.69
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$51.49
Costs to cover
0.857%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 7 min ago; Bitget: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 7 min ago8.53 bp24.9 bp −$25123.7 bp −$1,237doesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago2.57 bp21.9 bp −$2251.7 bp −$517doesn't fitdoesn't fit

ZRO on 25 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−0.0592%1h1.1738+0.411%$7K$3K5xas long as short
dYdX ZRO-USD0.0000%1h1.1711+0.180%$21K$3K5xas long as short
Bybit ZROUSDT+0.0016%4h1.1721+0.265%$18.0M$13.9M50xas long as short
Orderly PERP_ZRO_USDC+0.0035%4h1.1659−0.265%$20K$5K10xas long as short
Gate ZRO_USDT+0.0044%4h1.1700+0.086%$1.3M$1.5M75xas long as short
Lighter ZRO+0.0096%1h1.1724+0.287%$4.4M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1718+0.240%$37.1M$5.4M5xas long as short
Aster ZROUSDT+0.0100%4h1.1693+0.023%$157K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1725+0.296%$136K$169K5xas long as short
Binance ZROUSDT+0.0100%4h1.1720+0.257%$22.0M$29.7M75xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1727+0.317%$3.2M$7.9M20xas long as short
MEXC ZRO_USDT+0.0100%4h1.1731+0.351%$19.1M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1724+0.291%$2.3M$1.9M50xas long as short
Bitget ZROUSDTshort+0.0100%4h1.1725+0.299%$2.7M$2.4M75x
BingX ZRO-USDT+0.0100%4h1.1722+0.274%$16.5Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1680−0.086%$97K$206K20xas long as short
Variational Omni ZRO+0.0100%4h1.1687−0.022%$2.3M$814Kas long as short
ApeX Omni ZROUSDTlong+0.0100%1h1.1690long leg$39K$675K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1672−0.154%$91K$834K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1655−0.299%$21K3xas long as short
Kraken Futures PF_ZROUSD+0.0198%1h1.1684−0.052%$258K$406K25xas long as short
Nado ZRO-PERP+0.0233%1h1.1661−0.244%$1.3M$124K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1671−0.162%$3K100xas long as short
Extended ZRO-USD+0.0992%1h1.1722+0.276%$785K$590K10xas long as short
Injective ZRO/USDC PERP+0.1102%1h1.1700+0.086%$12K$260K12xas long as short