Funding arb · Price arb /

ZRO

all ZRO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0068%/8h= +7.5% APRpaid last 24h −0.020%

Price spread now: OKX against dYdX−0.063%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 OKX

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. OKX is 0.063% cheaper against dYdX than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 3.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ZRO-USD	1.1676	0.0032	pay 0.0004% / 1h	14m 58s	$21K	$5K	5x
Short	OKX ZRO-USDT-SWAP	1.1669	0.0100	get 0.0050% / 4h	1h 14m	$3.2M	$7.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.063%Rate

Funding earned: $14.31
Price spread: −0.063% → 0.000%: −$6.34
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$12.02
Costs to cover: 0.200%
Break-even: 12.9 days

Slippage unknown: dYdX: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	3.42 bp	16.1 bp −$16	74.5 bp −$745	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 venues

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
dYdX ZRO-USDlong	+0.0032%	1h	1.1676	long leg	$21K	$5K	5x
01 Exchange ZROUSD	+0.0064%	1h	1.1666	−0.092%	$4K	$5K	5x	as long as short
BloFin ZRO-USDT	+0.0091%	4h	1.1670	−0.055%	$1.0M	$202K	75x	as long as short
Orderly PERP_ZRO_USDC	+0.0093%	4h	1.1663	−0.115%	$20K	$4K	10x	as long as short
Lighter ZRO	+0.0096%	1h	1.1688	+0.099%	$4.4M	$1.2M	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1679	+0.022%	$37.0M	$5.4M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1668	−0.072%	$157K	$150K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1671	−0.046%	$137K	$171K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1666	−0.089%	$21.8M	$29.0M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1664	−0.106%	$17.9M	$13.3M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZRO-USDT-SWAPshort	+0.0100%	4h	1.1669	−0.063%	$3.2M	$7.7M	20x
Gate ZRO_USDT	+0.0100%	4h	1.1670	−0.055%	$1.3M	$1.4M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1664	−0.106%	$19.1M	$2.7M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1670	−0.055%	$2.4M	$2.0M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1660	−0.140%	$2.7M	$2.5M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1667	−0.080%	—	$16.5M	—	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1656	−0.171%	$2.3M	$795K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1680	+0.031%	$39K	$670K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1674	−0.021%	$99K	$817K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1658	−0.159%	$21K	—	3x	as long as short
Backpack ZRO_USDC_PERP	+0.0230%	1h	1.1671	−0.046%	$95K	$217K	20x	as long as short
Nado ZRO-PERP	+0.0277%	1h	1.1671	−0.043%	$1.3M	$127K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0292% / S −0.2341%	1h	1.1661	−0.128%	$3K	—	100x	as long as short
Kraken Futures PF_ZROUSD	+0.0515%	1h	1.1680	+0.032%	$254K	$298K	25x	as long as short
Extended ZRO-USD	+0.0736%	1h	1.1667	−0.079%	$799K	$626K	10x	as long as short
Injective ZRO/USDC PERP	+0.1317%	1h	1.1740	+0.545%	$12K	$261K	12x	as long as short