Funding arb · Price arb /

ZRO

all ZRO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.019%

Price spread now: Gate against dYdX−0.057%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Gate

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Gate is 0.057% cheaper against dYdX than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 46 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ZRO-USD	1.1837	0	get 0.0000% / 1h	54m 28s	$21K	$5K	5x
Short	Gate ZRO_USDT	1.1830	0.0100	get 0.0050% / 4h	1h 54m	$1.4M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee dYdXbpFee GatebpOrdersPrice spread, now −0.057%Rate

Funding earned: $21
Price spread: −0.057% → 0.000%: −$5.71
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$9.71
Costs to cover: 0.250%
Break-even: 10.2 days

Slippage unknown: dYdX: no order-book sample; Gate: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy dYdX no order-book sample	—	—	—	—	—
Sell Gate live order book, 1 min ago	4.22 bp	32.3 bp −$32	79.5 bp −$795	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ZRO/USDC PERP	−0.0774%	1h	1.1760	−0.648%	$12K	$257K	12x	as long as short
Kraken Futures PF_ZROUSD	−0.0529%	1h	1.1838	+0.011%	$269K	$211K	25x	as long as short
01 Exchange ZROUSD	−0.0048%	1h	1.1836	−0.011%	$4K	$5K	5x	as long as short
Bybit ZROUSDT	−0.0042%	4h	1.1820	−0.142%	$18.1M	$11.7M	50x	as long as short
Orderly PERP_ZRO_USDC	−0.0020%	4h	1.1836	−0.006%	$20K	$2K	10x	as long as short
dYdX ZRO-USDlong	0.0000%	1h	1.1837	long leg	$21K	$5K	5x
OKX ZRO-USDT-SWAP	+0.0008%	4h	1.1832	−0.040%	$3.2M	$7.5M	20x	as long as short
Lighter ZRO	+0.0096%	1h	1.1847	+0.087%	$4.4M	$1.1M	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1848	+0.099%	$37.5M	$5.0M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1847	+0.083%	$160K	$124K	10x	as long as short

Show all 26 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ZRO	+0.0100%	1h	1.1838	+0.007%	$137K	$143K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1838	+0.008%	$22.1M	$26.7M	75x	as long as short
Gate ZRO_USDTshort	+0.0100%	4h	1.1830	−0.057%	$1.4M	$1.1M	75x
MEXC ZRO_USDT	+0.0100%	4h	1.1840	+0.027%	$9.5M	$2.4M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1840	+0.027%	$2.3M	$2.3M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1842	+0.044%	$2.8M	$2.3M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1835	−0.015%	—	$25.2M	—	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1817	−0.167%	$2.3M	$733K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1820	−0.142%	$40K	$669K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1836	−0.006%	$101K	$728K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1835	−0.015%	$21K	—	3x	as long as short
BloFin ZRO-USDT	+0.0142%	4h	1.1832	−0.040%	$1.0M	$142K	75x	as long as short
Nado ZRO-PERP	+0.0245%	1h	1.1842	+0.043%	$1.4M	$121K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0293% / S −0.2341%	1h	1.1840	+0.028%	$3K	—	100x	as long as short
Extended ZRO-USD	+0.0336%	1h	1.1836	−0.004%	$806K	$654K	10x	as long as short
Backpack ZRO_USDC_PERP	+0.0761%	1h	1.1840	+0.027%	$94K	$215K	20x	as long as short