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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h +0.028%
Price spread now: Nado against BloFin−0.017%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$530.528% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.053%+$5 on $10k
Price spread, last 4 days (all we have)+0.158%+$16 · spread now −0.017%, 7d avg +0.018%
Together, before fees+0.211%+ Points / potential airdropNado: Active · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.036% cheaper against BloFin than usual: you would sell low and buy high (spread −0.017% now, against its 7-day average of +0.018%). If the spread goes back, that is −$4 on $10k: about 7.3 days of funding at the current rate ($0 a day). At the pace of the last 3 days (+0.053% in total) that is about 2.3 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ZRO-USDT1.17500.0131pay 0.0066% / 4h2h 03m$1.0M$254K75x
ShortNado ZRO-PERP1.17480.0148get 0.0018% / 1h3m 43s$1.3M$126K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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
$3.45
Price spread: −0.017% → +0.018%
−$3.59
Slippage, 4 orders
−$33.83
Fee BloFin: 6 bp × 2 orders
−$12
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$52.97
Costs to cover
0.528%
Break-even
114.5 days
Slippage from BloFin: live order book, 3 min ago; Nado: 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 BloFin live order book, 3 min ago0.85 bp13.8 bp −$1426.6 bp −$266doesn't fitdoesn't fit
Sell Nado live order book, 5 min ago1.28 bp11.2 bp −$1128.5 bp −$285doesn'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
dYdX ZRO-USD+0.0007%1h1.1748−0.018%$21K$5K5xas long as short
Orderly PERP_ZRO_USDC+0.0071%4h1.1749−0.009%$21K$4K10xas long as short
Lighter ZRO+0.0096%1h1.1764+0.122%$4.4M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1758+0.068%$37.3M$5.5M5xas long as short
Aster ZROUSDT+0.0100%4h1.1748−0.014%$159K$151K10xas long as short
Pacifica ZRO+0.0100%1h1.1746−0.037%$138K$174K5xas long as short
Binance ZROUSDT+0.0100%4h1.1745−0.043%$22.0M$29.4M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1743−0.060%$18.0M$13.6M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1743−0.060%$3.2M$7.8M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1730−0.170%$1.3M$1.5M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ZRO_USDT+0.0100%4h1.1742−0.068%$19.3M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1744−0.051%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1737−0.111%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1746−0.034%$16.5Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1749−0.009%$97K$221K20xas long as short
Variational Omni ZRO+0.0100%4h1.1743−0.060%$2.3M$809Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1740−0.085%$39K$674K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1755+0.043%$100K$821K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1743−0.062%$21K3xas long as short
BloFin ZRO-USDTlong+0.0131%4h1.1750long leg$1.0M$254K75x
01 Exchange ZROUSD+0.0136%1h1.1760+0.083%$4K$5K5xas long as short
Nado ZRO-PERPshort+0.0148%1h1.1748−0.017%$1.3M$126K5x
GMX ZRO/USD [ETH-USDC]L +0.0293% / S −0.2341%1h1.1752+0.015%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0700%1h1.1754+0.034%$255K$333K25xas long as short
Extended ZRO-USD+0.0856%1h1.1741−0.075%$803K$625K10xas long as short
Injective ZRO/USDC PERP+0.1343%1h1.1790+0.340%$12K$261K12xas long as short