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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h −0.052%
Price spread now: 01 Exchange against dYdX+0.054%7-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 4 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 $0 a day on $10k at the current rate, and 01 Exchange is 0.054% dearer against dYdX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ZRO-USD1.16010.0010pay 0.0001% / 1h37m 50s$21K$4K5x
Short01 Exchange ZROUSD1.16070.0024get 0.0003% / 1h37m 50s$7K$3K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$2.9
Price spread: +0.054% → 0.000%
$5.35
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$8.75
Costs to cover
0.170%
Break-even
28.1 days
Slippage unknown: dYdX: no order-book sample; 01 Exchange: no order-book sample. 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 01 Exchange no order-book sample
dYdX and 01 Exchange: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ZRO-USDlong+0.0010%1h1.1601long leg$21K$4K5x
01 Exchange ZROUSDshort+0.0024%1h1.1607+0.054%$7K$3K5x
Orderly PERP_ZRO_USDC+0.0037%4h1.1598−0.028%$20K$5K10xas long as short
Backpack ZRO_USDC_PERP+0.0087%1h1.1602+0.007%$97K$218K20xas long as short
Lighter ZRO+0.0096%1h1.1617+0.140%$4.3M$1.2M5xas long as short
Aster ZROUSDT+0.0100%4h1.1599−0.015%$156K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1592−0.078%$135K$178K5xas long as short
Binance ZROUSDT+0.0100%4h1.1604+0.021%$21.7M$29.8M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1595−0.053%$17.7M$13.9M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1602+0.007%$3.1M$7.9M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1590−0.096%$1.3M$1.5M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1605+0.033%$19.0M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1592−0.079%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1580−0.183%$2.6M$2.6M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1602+0.007%$16.4Mas long as short
Variational Omni ZRO+0.0100%4h1.1567−0.292%$2.2M$811Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1570−0.269%$39K$673K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1608+0.059%$95K$855K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1595−0.053%$20K3xas long as short
BloFin ZRO-USDT+0.0109%4h1.1596−0.045%$1.1M$246K75xas long as short
Nado ZRO-PERP+0.0188%1h1.1596−0.046%$1.3M$125K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1597−0.036%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0384%1h1.1605+0.034%$255K$404K25xas long as short
Hyperliquid ZRO+0.0410%1h1.1607+0.050%$36.7M$5.5M5xas long as short
Injective ZRO/USDC PERP+0.1186%1h1.1650+0.421%$12K$260K12xas long as short
Extended ZRO-USD+0.1224%1h1.1596−0.041%$776K$590K10xas long as short