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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.019%
Price spread now: Bitget against dYdX+0.366%63s7-day average · 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 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.366% dearer against dYdX than usual: you sell high and buy low: +$37 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ZRO-USD1.18120get 0.0000% / 1h5m 41s$21K$5K5x
ShortBitget ZROUSDT1.18550.0100get 0.0050% / 4h2h 05m$2.7M$2.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against dYdX. 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
$21
Price spread: +0.366% → 0.000%
$36.59
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
$35.59
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: dYdX: no order-book sample; Bitget: live order book, 5 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 dYdX no order-book sample
Sell Bitget live order book, 5 min ago2.97 bp20.4 bp −$2044.5 bp −$445doesn't fitdoesn't fit
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 exchanges

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−0.0456%1h1.1848+0.311%$4K$5K5xas long as short
Kraken Futures PF_ZROUSD−0.0315%1h1.1841+0.251%$269K$214K25xas long as short
Bybit ZROUSDT−0.0076%4h1.1845+0.281%$18.1M$11.9M50xas long as short
Orderly PERP_ZRO_USDC−0.0016%4h1.1820+0.070%$21K$2K10xas long as short
dYdX ZRO-USDlong0.0000%1h1.1812long leg$21K$5K5x
OKX ZRO-USDT-SWAP+0.0015%4h1.1851+0.332%$3.2M$7.5M20xas long as short
Lighter ZRO+0.0096%1h1.1871+0.499%$4.4M$1.1M5xas long as short
Nado ZRO-PERP+0.0100%1h1.18120.000%$1.3M$120K5xas long as short
Hyperliquid ZRO+0.0100%1h1.1865+0.451%$37.5M$5.0M5xas long as short
Aster ZROUSDT+0.0100%4h1.1856+0.374%$160K$124K10xas long as short
Show all 26 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ZRO+0.0100%1h1.1853+0.349%$137K$147K5xas long as short
Binance ZROUSDT+0.0100%4h1.1852+0.340%$22.1M$27.0M75xas long as short
Gate ZRO_USDT+0.0100%4h1.1850+0.324%$1.3M$1.2M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1855+0.366%$9.5M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1858+0.391%$2.3M$2.3M50xas long as short
Bitget ZROUSDTshort+0.0100%4h1.1855+0.366%$2.7M$2.3M75x
BingX ZRO-USDT+0.0100%4h1.1851+0.332%$25.2Mas long as short
Variational Omni ZRO+0.0100%4h1.1785−0.224%$2.3M$733Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1800−0.100%$40K$672K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1812+0.002%$101K$728K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1830+0.154%$21K3xas long as short
BloFin ZRO-USDT+0.0132%4h1.1812+0.002%$1.0M$145K75xas long as short
Extended ZRO-USD+0.0192%1h1.1851+0.332%$807K$650K10xas long as short
Backpack ZRO_USDC_PERP+0.0220%1h1.1839+0.230%$94K$216K20xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0293% / S −0.2341%1h1.1840+0.242%$3K100xas long as short
Injective ZRO/USDC PERP+0.1068%1h1.1760−0.438%$12K$257K12xas long as short