Funding arb · Price arb /

ZRO

all ZRO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0268%/8h= −29.3% APRpaid last 24h −0.067%

Price spread now: 01 Exchange against Bitget+0.043%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. 01 Exchange is 0.043% dearer against Bitget than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZROUSDT	1.1746	0.0100	pay 0.0050% / 4h	20m 58s	$2.7M	$2.4M	75x
Short	01 Exchange ZROUSD	1.1751	−0.0168	pay 0.0021% / 1h	20m 58s	$7K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Position, each leg$Hold fordaysFee BitgetbpFee 01 ExchangebpOrdersPrice spread, now +0.043%Rate

Funding earned: −$56.28
Price spread: +0.043% → 0.000%: $4.34
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$70.94
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 1 min ago; 01 Exchange: 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 Bitget live order book, 1 min ago	2.13 bp	21.0 bp −$21	43.5 bp −$435	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 ZROUSDshort	−0.0168%	1h	1.1751	+0.043%	$7K	$3K	5x
Orderly PERP_ZRO_USDC	+0.0012%	4h	1.1754	+0.068%	$21K	$7K	10x	as long as short
BloFin ZRO-USDT	+0.0049%	4h	1.1753	+0.060%	$1.1M	$256K	75x	as long as short
Lighter ZRO	+0.0096%	1h	1.1759	+0.109%	$4.4M	$1.5M	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1758	+0.102%	$37.3M	$6.2M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1762	+0.136%	$157K	$153K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1754	+0.071%	$136K	$177K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1757	+0.094%	$22.1M	$31.2M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1750	+0.034%	$17.9M	$14.6M	50x	as long as short
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1754	+0.068%	$3.2M	$8.3M	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ZRO_USDT	+0.0100%	4h	1.1740	−0.051%	$1.3M	$1.8M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1757	+0.094%	$19.1M	$2.8M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1746	0.000%	$2.4M	$2.0M	50x	as long as short
Bitget ZROUSDTlong	+0.0100%	4h	1.1746	long leg	$2.7M	$2.4M	75x
BingX ZRO-USDT	+0.0100%	4h	1.1755	+0.077%	—	$10.7M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1761	+0.128%	$100K	$207K	20x	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1751	+0.042%	$2.3M	$879K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1750	+0.034%	$37K	$688K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1766	+0.170%	$94K	$825K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1748	+0.018%	$21K	—	3x	as long as short
dYdX ZRO-USD	+0.0121%	1h	1.1754	+0.068%	$21K	$2K	5x	as long as short
Kraken Futures PF_ZROUSD	+0.0133%	1h	1.1765	+0.165%	$252K	$434K	25x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0291% / S −0.2341%	1h	1.1761	+0.126%	$3K	—	100x	as long as short
Nado ZRO-PERP	+0.0330%	1h	1.1754	+0.071%	$1.3M	$125K	5x	as long as short
Injective ZRO/USDC PERP	+0.1159%	1h	1.1790	+0.375%	$12K	$260K	12x	as long as short
Extended ZRO-USD	+0.2024%	1h	1.1754	+0.072%	$784K	$610K	10x	as long as short