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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0059%/8h= +6.4% APRpaid last 24h 0.000%
Price spread now: Pacifica against Bybit+0.154%7-day average +0.053% · you sell dearer than you buy
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 7 days−0.023%−$2 on $10k
Price spread, last 4 days (all we have)−0.115%−$12 · spread now +0.154%, 7d avg +0.053%
Together, before fees−0.138%+ Points / potential airdropPacifica: Active · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Pacifica is 0.101% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.053%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZROUSDT1.16890.0041pay 0.0021% / 4h2h 00m$17.9M$13.9M50x
ShortPacifica ZRO1.17070.0100get 0.0013% / 1h0m 39s$136K$167K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$12.31
Price spread: +0.154% → +0.053%
$10.1
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$3.41
Costs to cover
0.190%
Break-even
5.1 days
Slippage unknown: Bybit: live order book, 3 min ago; Pacifica: live order book, 2 min ago. 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 Bybit live order book, 3 min ago0.43 bp13.2 bp −$1340.3 bp −$403doesn't fitdoesn't fit
Sell Pacifica live order book, 2 min ago5.12 bp14.6 bp −$15doesn't fitdoesn't fitdoesn't fit

ZRO on 25 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−0.0216%1h1.1693+0.038%$7K$3K5xas long as short
dYdX ZRO-USD+0.0003%1h1.1711+0.185%$21K$3K5xas long as short
Orderly PERP_ZRO_USDC+0.0036%4h1.1707+0.154%$20K$5K10xas long as short
Bybit ZROUSDTlong+0.0041%4h1.1689long leg$17.9M$13.9M50x
Gate ZRO_USDT+0.0046%4h1.1700+0.094%$1.3M$1.5M75xas long as short
Lighter ZRO+0.0096%1h1.1727+0.329%$4.4M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1723+0.291%$37.1M$5.4M5xas long as short
Aster ZROUSDT+0.0100%4h1.1723+0.288%$158K$150K10xas long as short
Pacifica ZROshort+0.0100%1h1.1707+0.154%$136K$167K5x
Binance ZROUSDT+0.0100%4h1.1697+0.068%$21.9M$29.7M75xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1699+0.086%$3.2M$7.9M20xas long as short
MEXC ZRO_USDT+0.0100%4h1.1705+0.137%$19.1M$2.8M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1707+0.154%$2.3M$1.9M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1702+0.111%$2.7M$2.4M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1698+0.077%$16.5Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1712+0.197%$98K$208K20xas long as short
Variational Omni ZRO+0.0100%4h1.1687−0.013%$2.3M$814Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1690+0.009%$39K$675K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1703+0.120%$91K$836K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1702+0.107%$21K3xas long as short
Nado ZRO-PERP+0.0228%1h1.1694+0.041%$1.3M$124K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1714+0.213%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0371%1h1.1724+0.295%$259K$407K25xas long as short
Extended ZRO-USD+0.1032%1h1.1696+0.056%$785K$590K10xas long as short
Injective ZRO/USDC PERP+0.1213%1h1.1750+0.522%$12K$260K12xas long as short