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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.034%
Price spread now: dYdX against BloFin−0.118%92s7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. dYdX is 0.118% cheaper against BloFin than usual: you would sell low and buy high (spread −0.118% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 17 days of funding at the current rate (+$1 a day). The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ZRO-USDT1.18200.0087pay 0.0044% / 4h41m 22s$1.1M$257K75x
ShortdYdX ZRO-USD1.18060.0111get 0.0014% / 1h41m 22s$21K$2K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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
$4.98
Price spread: −0.118% → 0.000%
−$11.77
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$28.8
Costs to cover
0.220%
Break-even
47.5 days
Slippage unknown: BloFin: live order book, 1 min ago; dYdX: 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 1 min ago1.27 bp17.4 bp −$1742.7 bp −$427doesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ZROUSD−0.0176%1h1.1803−0.141%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC−0.0004%4h1.1810−0.085%$21K$7K10xas long as short
BloFin ZRO-USDTlong+0.0087%4h1.1820long leg$1.1M$257K75x
Lighter ZRO+0.0096%1h1.1811−0.074%$4.4M$1.5M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1821+0.008%$37.5M$6.2M5xas long as short
Aster ZROUSDT+0.0100%4h1.1814−0.052%$158K$153K10xas long as short
Pacifica ZRO+0.0100%1h1.1804−0.135%$137K$177K5xas long as short
Binance ZROUSDT+0.0100%4h1.1812−0.068%$22.1M$31.2M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1805−0.127%$18.0M$14.7M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1809−0.093%$3.2M$8.3M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1800−0.169%$1.3M$1.8M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1810−0.085%$19.2M$2.8M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1814−0.051%$2.4M$1.9M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1800−0.169%$2.7M$2.4M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1809−0.093%$10.7Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1812−0.068%$100K$207K20xas long as short
Variational Omni ZRO+0.0100%4h1.1836+0.136%$2.3M$865Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1840+0.169%$37K$688K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.18200.000%$89K$816K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1809−0.097%$21K3xas long as short
dYdX ZRO-USDshort+0.0111%1h1.1806−0.118%$21K$2K5x
Kraken Futures PF_ZROUSD+0.0132%1h1.1820+0.002%$253K$434K25xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0291% / S −0.2341%1h1.1812−0.068%$3K100xas long as short
Nado ZRO-PERP+0.0378%1h1.1810−0.087%$1.3M$125K5xas long as short
Injective ZRO/USDC PERP+0.1159%1h1.1880+0.508%$12K$260K12xas long as short
Extended ZRO-USD+0.1888%1h1.1806−0.122%$786K$608K10xas long as short