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: Pacifica against BingX−0.074%47s7-day average +0.029% · 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 7 days−0.036%−$4 on $10k
Price spread, last 4 days (all we have)+0.351%+$35 · spread now −0.074%, 7d avg +0.029%
Together, before fees+0.316%+ Points / potential airdropPacifica: Active · farm board+$32 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: Pacifica is 0.103% cheaper against BingX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.029%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZRO-USDT1.17490.0100pay 0.0050% / 4h1h 32m$16.4M
ShortPacifica ZRO1.17400.0100get 0.0013% / 1h32m 52s$136K$175K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against BingX. 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: −0.074% → +0.029%
−$10.31
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$28.31
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 5 min ago; Pacifica: live order book, 30 min ago. 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 BingX live order book, 5 min ago2.14 bp7.7 bp −$813.2 bp −$13226.7 bp −$2,66551.7 bp −$25.9K
Sell Pacifica live order book, 30 min ago5.12 bp14.6 bp −$15doesn't fitdoesn't fitdoesn't fit

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−0.0488%1h1.1744−0.044%$7K$3K5xas long as short
dYdX ZRO-USD0.0000%1h1.1736−0.114%$21K$3K5xas long as short
Bybit ZROUSDT+0.0012%4h1.1740−0.077%$17.9M$14.0M50xas long as short
Orderly PERP_ZRO_USDC+0.0036%4h1.1745−0.034%$21K$5K10xas long as short
Gate ZRO_USDT+0.0036%4h1.1740−0.077%$1.3M$1.5M75xas long as short
BloFin ZRO-USDT+0.0084%4h1.1745−0.034%$1.1M$250K75xas long as short
Lighter ZRO+0.0096%1h1.1766+0.148%$4.4M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1764+0.128%$37.2M$5.5M5xas long as short
Aster ZROUSDT+0.0100%4h1.1746−0.027%$158K$150K10xas long as short
Pacifica ZROshort+0.0100%1h1.1740−0.074%$136K$175K5x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ZROUSDT+0.0100%4h1.1747−0.017%$22.0M$29.9M75xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1750+0.009%$3.2M$8.0M20xas long as short
MEXC ZRO_USDT+0.0100%4h1.1746−0.026%$19.1M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.17490.000%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1740−0.077%$2.7M$2.5M75xas long as short
BingX ZRO-USDTlong+0.0100%4h1.1749long leg$16.4M
Backpack ZRO_USDC_PERP+0.0100%1h1.1752+0.026%$95K$211K20xas long as short
Variational Omni ZRO+0.0100%4h1.1732−0.143%$2.3M$813Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1740−0.077%$39K$673K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1753+0.034%$100K$849K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1740−0.077%$21K3xas long as short
Nado ZRO-PERP+0.0189%1h1.1748−0.005%$1.3M$127K5xas long as short
Kraken Futures PF_ZROUSD+0.0197%1h1.1756+0.056%$258K$407K25xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1751+0.021%$3K100xas long as short
Extended ZRO-USD+0.0584%1h1.1747−0.016%$784K$591K10xas long as short
Injective ZRO/USDC PERP+0.1102%1h1.1780+0.264%$12K$260K12xas long as short