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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: ApeX Omni against KuCoin+0.835%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$209as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$2102.097% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.007%+$1 on $10k
Price spread, last 4 days (all we have)−0.606%−$61 · spread now +0.835%, 7d avg +0.013%
Together, before fees−0.599%−$60 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.822% dearer against KuCoin than usual: you sell high and buy low, +$82 on $10k if it goes back to its 7-day average of +0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZROUSDTM1.18510.0100pay 0.0050% / 4h2h 55m$2.4M$2.2M50x
ShortApeX Omni ZROUSDT1.19500.0100get 0.0013% / 1h55m 12s$40K$671K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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
$0
Price spread: +0.835% → +0.013%
$82.24
Slippage, 4 orders
−$187.67
Fee KuCoin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$127.43
Costs to cover
2.097%
Break-even
never at this rate
Slippage from KuCoin: live order book, 1 min ago; ApeX Omni: live order book, 38 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 1 min ago9.65 bp76.9 bp −$77188.1 bp −$1,881doesn't fitdoesn't fit
Sell ApeX Omni live order book, 38 min ago8.44 bp17.1 bp −$17120.2 bp −$1,202doesn't fitdoesn't fit

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−0.0808%1h1.1822−0.242%$4K$5K5xas long as short
Kraken Futures PF_ZROUSD−0.0315%1h1.1840−0.096%$269K$289K25xas long as short
Bybit ZROUSDT−0.0174%4h1.1805−0.388%$18.1M$12.6M50xas long as short
dYdX ZRO-USD0.0000%1h1.1867+0.131%$21K$5K5xas long as short
Orderly PERP_ZRO_USDC+0.0037%4h1.1839−0.101%$21K$4K10xas long as short
Lighter ZRO+0.0096%1h1.1847−0.033%$4.4M$1.1M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1826−0.211%$37.4M$5.2M5xas long as short
Aster ZROUSDT+0.0100%4h1.1845−0.055%$160K$147K10xas long as short
Pacifica ZRO+0.0100%1h1.1861+0.086%$137K$161K5xas long as short
Binance ZROUSDT+0.0100%4h1.1814−0.316%$22.2M$28.6M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1813−0.321%$3.2M$7.8M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1820−0.262%$1.3M$1.2M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1833−0.152%$9.4M$2.7M125xas long as short
KuCoin ZROUSDTMlong+0.0100%4h1.1851long leg$2.4M$2.2M50x
Bitget ZROUSDT+0.0100%4h1.1812−0.329%$2.7M$2.3M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1809−0.354%$21.6Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1814−0.312%$95K$218K20xas long as short
Variational Omni ZRO+0.0100%4h1.1901+0.423%$2.3M$738Kas long as short
ApeX Omni ZROUSDTshort+0.0100%1h1.1950+0.835%$40K$671K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1847−0.034%$100K$790K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1840−0.093%$21K3xas long as short
BloFin ZRO-USDT+0.0125%4h1.1844−0.059%$1.1M$150K75xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0294% / S −0.2341%1h1.1848−0.026%$3K100xas long as short
Nado ZRO-PERP+0.0302%1h1.1841−0.086%$1.4M$120K5xas long as short
Extended ZRO-USD+0.0312%1h1.1833−0.148%$810K$646K10xas long as short
Injective ZRO/USDC PERP+0.1068%1h1.2040+1.595%$13K$257K12xas long as short