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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0188%/8h= −20.6% APRnext payment $0.23 per $10,000 · paid last 24h −0.070%
Price spread now: Aevo against GMX−0.122%7-day average · you buy dearer than you sell
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 3 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 against this trade now: funding costs −$6 a day on $10k at the current rate, and Aevo is 0.122% cheaper against GMX than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ZRO/USD [ETH-USDC]1.1839L +0.0292% / S −0.2341%pay 0.0036% / 1h6m 02s$3K100x
ShortAevo ZRO-PERP1.18250.0104get 0.0013% / 1h6m 02s$21K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against GMX. 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
−$39.47
Price spread: −0.122% → 0.000%
−$12.22
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$79.69
Costs to cover
0.280%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; Aevo: 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 GMX no order-book sample
Sell Aevo no order-book sample
GMX and Aevo: 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
01 Exchange ZROUSD−0.0440%1h1.1816−0.196%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC−0.0023%4h1.1830−0.080%$21K$7K10xas long as short
Kraken Futures PF_ZROUSD+0.0059%1h1.1846+0.057%$254K$434K25xas long as short
Lighter ZRO+0.0096%1h1.1833−0.055%$4.4M$1.5M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1844+0.038%$37.6M$6.2M5xas long as short
Aster ZROUSDT+0.0100%4h1.1837−0.021%$158K$154K10xas long as short
Pacifica ZRO+0.0100%1h1.1820−0.164%$137K$181K5xas long as short
Binance ZROUSDT+0.0100%4h1.1831−0.073%$22.2M$31.5M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1819−0.173%$18.1M$14.8M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1825−0.122%$3.2M$8.5M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1830−0.080%$1.3M$1.8M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1829−0.088%$19.1M$3.1M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1817−0.190%$2.5M$1.9M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1829−0.088%$2.7M$2.4M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1828−0.097%$10.7Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1840+0.004%$100K$208K20xas long as short
Variational Omni ZRO+0.0100%4h1.1828−0.093%$2.3M$868Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1850+0.089%$37K$685K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1842+0.021%$89K$865K5xas long as short
Aevo ZRO-PERPshort+0.0104%1h1.1825−0.122%$21K3x
BloFin ZRO-USDT+0.0141%4h1.1817−0.190%$1.1M$263K75xas long as short
dYdX ZRO-USD+0.0157%1h1.1824−0.131%$21K$2K5xas long as short
Nado ZRO-PERP+0.0195%1h1.1833−0.056%$1.3M$126K5xas long as short
GMX ZRO/USD [ETH-USDC]longL +0.0292% / S −0.2341%1h1.1839long leg$3K100x
Injective ZRO/USDC PERP+0.0980%1h1.1880+0.342%$12K$260K12xas long as short
Extended ZRO-USD+0.2392%1h1.1822−0.152%$784K$560K10xas long as short