Funding arb · Price arb /

ZRO

all ZRO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.061%

Price spread now: 01 Exchange against KuCoin+0.071%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on 01 Exchange

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.071% dearer against KuCoin than usual: you sell high and buy low (spread +0.071% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZROUSDTM	1.1694	0.0100	pay 0.0050% / 4h	46m 03s	$2.4M	$2.0M	50x
Short	01 Exchange ZROUSD	1.1702	0.0088	get 0.0011% / 1h	46m 03s	$4K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Position, each leg$Hold fordaysFee KuCoinbpFee 01 ExchangebpOrdersPrice spread, now +0.071%Rate

Funding earned: −$2.52
Price spread: +0.071% → 0.000%: $7.1
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$14.42
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 11 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 11 min ago	9.48 bp	65.8 bp −$66	153.9 bp −$1,539	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ZRO-USD	0.0000%	1h	1.1698	+0.036%	$21K	$5K	5x	as long as short
01 Exchange ZROUSDshort	+0.0088%	1h	1.1702	+0.071%	$4K	$5K	5x
BloFin ZRO-USDT	+0.0090%	4h	1.1700	+0.051%	$1.0M	$205K	75x	as long as short
Orderly PERP_ZRO_USDC	+0.0094%	4h	1.1691	−0.026%	$20K	$4K	10x	as long as short
Lighter ZRO	+0.0096%	1h	1.1709	+0.127%	$4.4M	$1.2M	5x	as long as short
Nado ZRO-PERP	+0.0100%	1h	1.1700	+0.055%	$1.3M	$128K	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1695	+0.005%	$37.0M	$5.3M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1702	+0.072%	$158K	$150K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1696	+0.020%	$138K	$171K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1684	−0.087%	$21.8M	$28.9M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZROUSDT	+0.0100%	4h	1.1685	−0.077%	$17.9M	$13.2M	50x	as long as short
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1685	−0.077%	$3.2M	$7.6M	20x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1690	−0.034%	$1.3M	$1.4M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1684	−0.086%	$19.2M	$2.6M	125x	as long as short
KuCoin ZROUSDTMlong	+0.0100%	4h	1.1694	long leg	$2.4M	$2.0M	50x
Bitget ZROUSDT	+0.0100%	4h	1.1691	−0.026%	$2.7M	$2.5M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1692	−0.017%	—	$21.8M	—	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1658	−0.306%	$2.3M	$771K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1690	−0.034%	$39K	$669K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1700	+0.051%	$99K	$815K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1691	−0.025%	$21K	—	3x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0292% / S −0.2341%	1h	1.1696	+0.020%	$3K	—	100x	as long as short
Backpack ZRO_USDC_PERP	+0.0353%	1h	1.1689	−0.043%	$95K	$214K	20x	as long as short
Kraken Futures PF_ZROUSD	+0.0431%	1h	1.1695	+0.011%	$254K	$298K	25x	as long as short
Extended ZRO-USD	+0.0720%	1h	1.1684	−0.088%	$797K	$647K	10x	as long as short
Injective ZRO/USDC PERP	+0.1271%	1h	1.1750	+0.479%	$12K	$261K	12x	as long as short