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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: ApeX Omni against Bitget−0.640%7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$780.785% 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)+0.851%+$85 · spread now −0.640%, 7d avg +0.046%
Together, before fees+0.850%+$85 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: ApeX Omni is 0.686% cheaper against Bitget than usual: you would sell low and buy high, −$69 on $10k if it goes back to its 7-day average of +0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ZROUSDT1.18760.0100pay 0.0050% / 4h3h 26m$2.7M$2.5M75x
ShortApeX Omni ZROUSDT1.18000.0100get 0.0013% / 1h26m 48s$40K$668K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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: −0.640% → +0.046%
−$68.58
Slippage, 4 orders
−$56.49
Fee Bitget: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$147.07
Costs to cover
0.785%
Break-even
never at this rate
Slippage from Bitget: live order book, 6 min ago; ApeX Omni: live order book, 6 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 Bitget live order book, 6 min ago2.96 bp25.1 bp −$2554.1 bp −$541doesn't fitdoesn't fit
Sell ApeX Omni live order book, 6 min ago8.44 bp17.1 bp −$17120.2 bp −$1,202doesn'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−0.0296%1h1.1849−0.227%$4K$5K5xas long as short
dYdX ZRO-USD0.0000%1h1.1847−0.241%$21K$5K5xas long as short
Orderly PERP_ZRO_USDC+0.0068%4h1.1855−0.177%$21K$4K10xas long as short
BloFin ZRO-USDT+0.0084%4h1.1837−0.328%$1.1M$200K75xas long as short
Lighter ZRO+0.0096%1h1.1887+0.092%$4.4M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1880+0.034%$37.6M$5.3M5xas long as short
Aster ZROUSDT+0.0100%4h1.1873−0.027%$160K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1849−0.225%$137K$166K5xas long as short
Binance ZROUSDT+0.0100%4h1.1878+0.019%$22.3M$29.2M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1869−0.059%$18.2M$13.1M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1872−0.034%$3.2M$7.9M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1850−0.219%$1.3M$1.3M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1877+0.008%$20.0M$2.8M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1875−0.008%$2.4M$2.2M50xas long as short
Bitget ZROUSDTlong+0.0100%4h1.1876long leg$2.7M$2.5M75x
BingX ZRO-USDT+0.0100%4h1.1869−0.059%$21.7Mas long as short
Variational Omni ZRO+0.0100%4h1.1796−0.673%$2.3M$758Kas long as short
ApeX Omni ZROUSDTshort+0.0100%1h1.1800−0.640%$40K$668K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1852−0.202%$100K$799K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1856−0.171%$21K3xas long as short
Nado ZRO-PERP+0.0149%1h1.1849−0.231%$1.4M$126K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0294% / S −0.2341%1h1.1859−0.147%$3K100xas long as short
Extended ZRO-USD+0.0448%1h1.1877+0.006%$810K$646K10xas long as short
Backpack ZRO_USDC_PERP+0.0544%1h1.1872−0.034%$95K$220K20xas long as short
Kraken Futures PF_ZROUSD+0.0553%1h1.1858−0.150%$270K$306K25xas long as short
Injective ZRO/USDC PERP+0.1160%1h1.1960+0.707%$13K$258K12xas long as short