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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bitget+0.008%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$920.925% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.023%−$2 on $10k
Price spread, last 7 days−0.024%−$2 · spread now +0.008%, 7d avg +0.044%
Together, before fees−0.047%−$5 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: Gate is 0.036% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ZROUSDT1.18290.0100pay 0.0050% / 4h1h 32m$2.7M$2.4M75x
ShortGate ZRO_USDT1.18300.0100get 0.0050% / 4h1h 32m$1.3M$1.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.008% → +0.044%
−$3.6
Slippage, 4 orders
−$65.49
Fee Bitget: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$96.09
Costs to cover
0.925%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago3.80 bp15.2 bp −$1536.4 bp −$364doesn't fitdoesn't fit
Sell Gate live order book, 5 min ago4.23 bp27.8 bp −$2866.1 bp −$661doesn'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−0.0512%1h1.1818−0.097%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC−0.0044%4h1.18290.000%$21K$7K10xas long as short
Kraken Futures PF_ZROUSD+0.0059%1h1.1836+0.061%$251K$517K25xas long as short
Lighter ZRO+0.0096%1h1.1827−0.017%$4.4M$1.5M5xas long as short
BloFin ZRO-USDT+0.0097%4h1.1835+0.051%$1.1M$263K75xas long as short
Hyperliquid ZRO+0.0100%1h1.1842+0.108%$37.6M$6.2M5xas long as short
Aster ZROUSDT+0.0100%4h1.1832+0.025%$158K$153K10xas long as short
Pacifica ZRO+0.0100%1h1.1825−0.031%$138K$182K5xas long as short
Binance ZROUSDT+0.0100%4h1.1819−0.083%$22.2M$31.7M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1810−0.161%$18.0M$14.8M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1818−0.093%$3.2M$8.5M20xas long as short
Gate ZRO_USDTshort+0.0100%4h1.1830+0.008%$1.3M$1.8M75x
MEXC ZRO_USDT+0.0100%4h1.1821−0.068%$19.1M$3.1M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1833+0.034%$2.9M$1.8M50xas long as short
Bitget ZROUSDTlong+0.0100%4h1.1829long leg$2.7M$2.4M75x
BingX ZRO-USDT+0.0100%4h1.1824−0.042%$10.7Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1836+0.059%$100K$208K20xas long as short
Variational Omni ZRO+0.0100%4h1.1815−0.117%$2.3M$859Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1820−0.076%$37K$681K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1830+0.008%$88K$904K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1849+0.165%$21K3xas long as short
dYdX ZRO-USD+0.0143%1h1.1832+0.026%$21K$2K5xas long as short
Nado ZRO-PERP+0.0175%1h1.1815−0.115%$1.3M$124K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1832+0.022%$3K100xas long as short
Injective ZRO/USDC PERP+0.0980%1h1.1880+0.431%$12K$218K12xas long as short
Extended ZRO-USD+0.2512%1h1.1821−0.070%$784K$541K10xas long as short