ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0061%/8h= +6.7% APRnext payment +$0.08 per $10,000 · paid last 24h +0.003%

Price spread now: dYdX against Backpack−0.110%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on dYdX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. dYdX is 0.110% cheaper against Backpack than usual: you would sell low and buy high (spread −0.110% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 6.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ZRO_USDC_PERP	1.1811	0.0100	pay 0.0013% / 1h	17m 49s	$100K	$208K	20x
Short	dYdX ZRO-USD	1.1798	0.0161	get 0.0020% / 1h	17m 49s	$21K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Backpack. 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

Position, each leg$Hold fordaysFee BackpackbpFee dYdXbpOrdersPrice spread, now −0.110%Rate

Funding earned: $12.81
Price spread: −0.110% → 0.000%: −$11.04
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$18.22
Costs to cover: 0.200%
Break-even: 17.0 days

Slippage unknown: Backpack: live order book, 65 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Backpack live order book, 65 min ago	0.84 bp	7.5 bp −$8	doesn't fit	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZROUSD	−0.0488%	1h	1.1797	−0.119%	$7K	$3K	5x	as long as short
Orderly PERP_ZRO_USDC	−0.0032%	4h	1.1808	−0.025%	$21K	$7K	10x	as long as short
BloFin ZRO-USDT	+0.0050%	4h	1.1803	−0.068%	$1.1M	$262K	75x	as long as short
Kraken Futures PF_ZROUSD	+0.0059%	1h	1.1818	+0.059%	$250K	$516K	25x	as long as short
Lighter ZRO	+0.0096%	1h	1.1809	−0.020%	$4.4M	$1.5M	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1821	+0.085%	$37.5M	$6.2M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1814	+0.026%	$158K	$153K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1808	−0.022%	$137K	$183K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1807	−0.034%	$22.2M	$31.7M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1802	−0.076%	$18.0M	$14.8M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1812	+0.008%	$3.2M	$8.5M	20x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1810	−0.008%	$1.3M	$1.8M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1805	−0.051%	$19.1M	$3.1M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1794	−0.144%	$2.7M	$1.9M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1812	+0.008%	$2.7M	$2.4M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1803	−0.068%	—	$10.7M	—	as long as short
Backpack ZRO_USDC_PERPlong	+0.0100%	1h	1.1811	long leg	$100K	$208K	20x
Variational Omni ZRO	+0.0100%	4h	1.1785	−0.224%	$2.3M	$868K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1810	−0.008%	$37K	$683K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1813	+0.017%	$88K	$904K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1811	−0.003%	$21K	—	3x	as long as short
dYdX ZRO-USDshort	+0.0161%	1h	1.1798	−0.110%	$21K	$2K	5x
Nado ZRO-PERP	+0.0195%	1h	1.1806	−0.042%	$1.3M	$124K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0292% / S −0.2341%	1h	1.1810	−0.007%	$3K	—	100x	as long as short
Injective ZRO/USDC PERP	+0.0980%	1h	1.1800	−0.093%	$12K	$260K	12x	as long as short
Extended ZRO-USD	+0.2488%	1h	1.1805	−0.049%	$780K	$560K	10x	as long as short