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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0068%/8h= −7.5% APRnext payment $0.09 per $10,000 · paid last 24h −0.019%
Price spread now: dYdX against ApeX Omni−0.031%7-day average · you buy dearer than you sell
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 6 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 against this trade now: funding costs −$2 a day on $10k at the current rate, and dYdX is 0.031% cheaper against ApeX Omni than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZROUSDT1.16800.0100pay 0.0013% / 1h14m 49s$39K$670K50x
ShortdYdX ZRO-USD1.16760.0032get 0.0004% / 1h14m 49s$21K$5K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$14.31
Price spread: −0.031% → 0.000%
−$3.08
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$37.4
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 28 min ago; dYdX: 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 ApeX Omni live order book, 28 min ago12.83 bp20.5 bp −$21110.1 bp −$1,101doesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: 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
dYdX ZRO-USDshort+0.0032%1h1.1676−0.031%$21K$5K5x
01 Exchange ZROUSD+0.0064%1h1.1666−0.122%$4K$5K5xas long as short
BloFin ZRO-USDT+0.0091%4h1.1670−0.086%$1.0M$202K75xas long as short
Orderly PERP_ZRO_USDC+0.0093%4h1.1663−0.146%$20K$4K10xas long as short
Lighter ZRO+0.0096%1h1.1688+0.068%$4.4M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1675−0.047%$37.0M$5.4M5xas long as short
Aster ZROUSDT+0.0100%4h1.1668−0.103%$157K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1671−0.077%$137K$171K5xas long as short
Binance ZROUSDT+0.0100%4h1.1666−0.120%$21.8M$29.0M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1664−0.137%$17.9M$13.3M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1669−0.094%$3.2M$7.7M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1670−0.086%$1.3M$1.4M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1665−0.128%$19.1M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1669−0.094%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1660−0.171%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1666−0.120%$16.5Mas long as short
Variational Omni ZRO+0.0100%4h1.1656−0.202%$2.3M$795Kas long as short
ApeX Omni ZROUSDTlong+0.0100%1h1.1680long leg$39K$670K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1674−0.051%$99K$817K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1658−0.189%$21K3xas long as short
Backpack ZRO_USDC_PERP+0.0230%1h1.1671−0.077%$95K$217K20xas long as short
Nado ZRO-PERP+0.0277%1h1.1671−0.074%$1.3M$127K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1661−0.159%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0515%1h1.1680+0.001%$254K$298K25xas long as short
Extended ZRO-USD+0.0736%1h1.1666−0.118%$799K$626K10xas long as short
Injective ZRO/USDC PERP+0.1317%1h1.1740+0.514%$12K$261K12xas long as short