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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bybit+0.017%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$500.499% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.013%+$1 on $10k
Price spread, last 7 days+0.005%+$1 · spread now +0.017%, 7d avg +0.019%
Together, before fees+0.018%+$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZROUSDT1.17700.0100pay 0.0050% / 4h3h 30m$18.0M$14.2M50x
ShortBingX ZRO-USDT1.17720.0100get 0.0050% / 4h3h 30m$14.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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: +0.017% → +0.019%
−$0.22
Slippage, 4 orders
−$28.91
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$50.13
Costs to cover
0.499%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 8 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 Bybit live order book, 3 min ago0.43 bp14.6 bp −$1540.9 bp −$409doesn't fitdoesn't fit
Sell BingX live order book, 8 min ago2.56 bp8.6 bp −$912.1 bp −$12125.3 bp −$2,52648.6 bp −$24.3K

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−0.0080%1h1.1772+0.017%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC+0.0011%4h1.1778+0.068%$21K$6K10xas long as short
Lighter ZRO+0.0096%1h1.1782+0.099%$4.4M$1.5M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1785+0.127%$37.3M$5.8M5xas long as short
Aster ZROUSDT+0.0100%4h1.1785+0.127%$157K$149K10xas long as short
Pacifica ZRO+0.0100%1h1.1771+0.008%$136K$170K5xas long as short
Binance ZROUSDT+0.0100%4h1.1773+0.021%$22.1M$30.3M75xas long as short
Bybit ZROUSDTlong+0.0100%4h1.1770long leg$18.0M$14.2M50x
OKX ZRO-USDT-SWAP+0.0100%4h1.1778+0.068%$3.2M$8.0M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1760−0.085%$1.4M$1.5M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ZRO_USDT+0.0100%4h1.1773+0.025%$19.1M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1771+0.008%$2.4M$1.9M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1769−0.008%$2.7M$2.4M75xas long as short
BingX ZRO-USDTshort+0.0100%4h1.1772+0.017%$14.7M
Variational Omni ZRO+0.0100%4h1.1750−0.173%$2.3M$866Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1750−0.170%$37K$687K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1781+0.093%$91K$828K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1770−0.001%$21K3xas long as short
BloFin ZRO-USDT+0.0130%4h1.1753−0.144%$1.1M$254K75xas long as short
dYdX ZRO-USD+0.0264%1h1.1775+0.039%$21K$3K5xas long as short
Backpack ZRO_USDC_PERP+0.0267%1h1.1768−0.017%$99K$204K20xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1779+0.075%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0302%1h1.1784+0.118%$253K$410K25xas long as short
Nado ZRO-PERP+0.0303%1h1.1771+0.008%$1.3M$129K5xas long as short
Injective ZRO/USDC PERP+0.1190%1h1.1800+0.255%$12K$260K12xas long as short
Extended ZRO-USD+0.1376%1h1.1773+0.023%$784K$589K10xas long as short