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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC−0.0056%/8hnext payment $0.28 per $10,000 · paid last 24h −0.008%
Price spread now: MEXC against BloFin+0.025%64s7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$410.412% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.024%−$2 on $10k
Price spread, last 3 days (all we have)+0.079%+$8 · spread now +0.025%, 7d avg +0.010%
Together, before fees+0.055%+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ZRO-USDT1.18030.0156pay 0.0078% / 4h4m 08s$1.1M$273K75x
ShortMEXC ZRO_USDT1.18060.0100get 0.0050% / 4h4m 08s$18.3M$3.8M125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
−$11.82
Price spread: +0.025% → +0.010%
$1.55
Slippage, 4 orders
−$29.18
Fee BloFin: 6 bp × 2 orders
−$12
Fee MEXC: 0 bp × 2 orders
$0
Net
−$51.45
Costs to cover
0.412%
Break-even
never at this rate
Slippage from BloFin: live order book, 3 min ago; MEXC: live order book, 4 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 BloFin live order book, 3 min ago0.42 bp15.2 bp −$1533.9 bp −$339doesn't fitdoesn't fit
Sell MEXC live order book, 4 min ago0.42 bp4.4 bp −$432.0 bp −$32077.9 bp −$7,793doesn'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
OKX ZRO-USDT-SWAP−0.0362%4h1.18030.000%$3.3M$9.1M20xas long as short
01 Exchange ZROUSD−0.0312%1h1.1810+0.062%$7K$3K5xas long as short
Kraken Futures PF_ZROUSD−0.0162%1h1.1813+0.089%$253K$587K25xas long as short
Orderly PERP_ZRO_USDC−0.0025%4h1.1807+0.034%$21K$7K10xas long as short
dYdX ZRO-USD+0.0001%1h1.1810+0.058%$21K$2K5xas long as short
Variational Omni ZRO+0.0084%4h1.1792−0.089%$2.3M$904Kas long as short
Bybit ZROUSDT+0.0098%4h1.1797−0.051%$18.1M$17.0M50xas long as short
Hyperliquid ZRO+0.0100%1h1.1816+0.110%$37.6M$8.2M5xas long as short
Aster ZROUSDT+0.0100%4h1.1818+0.129%$158K$166K10xas long as short
Pacifica ZRO+0.0100%1h1.1808+0.046%$142K$216K5xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ZROUSDT+0.0100%4h1.1806+0.029%$22.3M$35.7M75xas long as short
Gate ZRO_USDT+0.0100%4h1.1800−0.025%$1.3M$2.2M75xas long as short
MEXC ZRO_USDTshort+0.0100%4h1.1806+0.025%$18.3M$3.8M125x
KuCoin ZROUSDTM+0.0100%4h1.1810+0.059%$2.5M$1.5M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1809+0.051%$2.7M$2.7M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1802−0.008%$11.0Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1806+0.025%$92K$203K20xas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1800−0.025%$37K$680K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1816+0.110%$80K$987K5xas long as short
Extended ZRO-USD+0.0104%1h1.1798−0.042%$780K$564K10xas long as short
Aevo ZRO-PERP+0.0104%1h1.1806+0.026%$21K3xas long as short
BloFin ZRO-USDTlong+0.0156%4h1.1803long leg$1.1M$273K75x
Nado ZRO-PERP+0.0279%1h1.1798−0.045%$1.3M$133K5xas long as short
Lighter ZRO+0.0280%1h1.1836+0.278%$4.7M$1.2M5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1811+0.067%$3K100xas long as short
Injective ZRO/USDC PERP+0.1041%1h1.1850+0.398%$12K$165K12xas long as short