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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Polymarket Perps against BingX+0.110%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$300.300% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.131%−$13 on $10k
Price spread, last 3 days (all we have)+0.113%+$11 · spread now +0.110%, 7d avg +0.078%
Together, before fees−0.018%−$2 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: Polymarket Perps is 0.032% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.078%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZRO-USDT1.17950.0100pay 0.0050% / 4h2h 04m$10.9M
ShortPolymarket Perps ZRO-USD1.18080.0100get 0.0013% / 1h4m 08s$88K$913K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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: +0.110% → +0.078%
$3.22
Slippage, 4 orders
−$11.99
Fee BingX: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$26.77
Costs to cover
0.300%
Break-even
never at this rate
Slippage from BingX: live order book, 4 min ago; Polymarket Perps: live order book, 44 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 BingX live order book, 4 min ago2.96 bp8.8 bp −$911.8 bp −$11825.7 bp −$2,57553.2 bp −$26.6K
Sell Polymarket Perps live order book, 44 min ago1.27 bp6.5 bp −$710.8 bp −$108doesn'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−0.0432%1h1.1786−0.073%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC−0.0054%4h1.1799+0.034%$21K$7K10xas long as short
BloFin ZRO-USDT+0.0049%4h1.1802+0.059%$1.1M$264K75xas long as short
dYdX ZRO-USD+0.0069%1h1.1814+0.165%$21K$2K5xas long as short
Lighter ZRO+0.0096%1h1.1800+0.043%$4.5M$1.4M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1818+0.195%$37.5M$6.4M5xas long as short
Aster ZROUSDT+0.0100%4h1.1810+0.126%$158K$160K10xas long as short
Pacifica ZRO+0.0100%1h1.1795+0.003%$138K$191K5xas long as short
Binance ZROUSDT+0.0100%4h1.1802+0.059%$22.3M$32.7M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1796+0.008%$18.0M$15.4M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1802+0.059%$3.2M$8.9M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1800+0.042%$1.3M$2.0M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1797+0.017%$19.1M$3.5M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1808+0.110%$2.9M$1.8M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1797+0.017%$2.7M$2.5M75xas long as short
BingX ZRO-USDTlong+0.0100%4h1.1795long leg$10.9M
Backpack ZRO_USDC_PERP+0.0100%1h1.1807+0.102%$95K$206K20xas long as short
Variational Omni ZRO+0.0100%4h1.1792−0.026%$2.2M$859Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1810+0.127%$37K$681K50xas long as short
Polymarket Perps ZRO-USDshort+0.0100%1h1.1808+0.110%$88K$913K5x
Aevo ZRO-PERP+0.0104%1h1.1800+0.044%$21K3xas long as short
Nado ZRO-PERP+0.0180%1h1.1797+0.019%$1.3M$130K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1809+0.115%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0317%1h1.1819+0.207%$250K$567K25xas long as short
Injective ZRO/USDC PERP+0.1237%1h1.1860+0.551%$12K$175K12xas long as short
Extended ZRO-USD+0.2296%1h1.1797+0.017%$784K$539K10xas long as short