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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.029%
Price spread now: Bitget against Lighter−0.243%7-day average −0.152% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$700.700% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.336%−$34 on $10k
Price spread, last 7 days+0.015%+$2 · spread now −0.243%, 7d avg −0.152%
Together, before fees−0.321%+ Points / potential airdropLighter: Season 3 · farm board−$32 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: Bitget is 0.092% cheaper against Lighter than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.152%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ZRO1.15940.0096pay 0.0012% / 1h31m 41s$4.3M$1.2M5x
ShortBitget ZROUSDT1.15660.0100get 0.0050% / 4h2h 31m$2.6M$2.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Lighter. 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
$0.84
Price spread: −0.243% → −0.152%
−$9.16
Slippage, 4 orders
−$57.98
Fee Lighter: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$78.3
Costs to cover
0.700%
Break-even
659.5 days
Slippage from Lighter: live order book, 6 min ago; Bitget: live order book, 6 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 Lighter live order book, 6 min ago6.84 bp13.0 bp −$1383.1 bp −$831doesn't fitdoesn't fit
Sell Bitget live order book, 6 min ago2.15 bp22.3 bp −$2247.2 bp −$472doesn'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
dYdX ZRO-USD+0.0010%1h1.1567−0.238%$21K$5K5xas long as short
Backpack ZRO_USDC_PERP+0.0061%1h1.1575−0.166%$93K$218K20xas long as short
Orderly PERP_ZRO_USDC+0.0063%4h1.1574−0.174%$20K$4K10xas long as short
Lighter ZROlong+0.0096%1h1.1594long leg$4.3M$1.2M5x
Hyperliquid ZRO+0.0100%1h1.1574−0.174%$36.7M$5.5M5xas long as short
Aster ZROUSDT+0.0100%4h1.1575−0.167%$156K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1569−0.217%$136K$176K5xas long as short
Binance ZROUSDT+0.0100%4h1.1569−0.217%$21.6M$29.4M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1565−0.252%$17.7M$13.6M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1569−0.217%$3.1M$7.7M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1560−0.295%$1.3M$1.5M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1572−0.191%$19.0M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1566−0.243%$2.3M$2.0M50xas long as short
Bitget ZROUSDTshort+0.0100%4h1.1566−0.243%$2.6M$2.5M75x
BingX ZRO-USDT+0.0100%4h1.1581−0.114%$16.5Mas long as short
Variational Omni ZRO+0.0100%4h1.1599+0.039%$2.2M$809Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1650+0.481%$39K$678K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1591−0.028%$101K$816K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1590−0.036%$20K3xas long as short
01 Exchange ZROUSD+0.0136%1h1.1590−0.035%$4K$5K5xas long as short
BloFin ZRO-USDT+0.0146%4h1.1567−0.235%$1.0M$247K75xas long as short
Nado ZRO-PERP+0.0185%1h1.1578−0.138%$1.3M$127K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1581−0.113%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0710%1h1.1579−0.130%$253K$336K25xas long as short
Extended ZRO-USD+0.0904%1h1.1564−0.259%$795K$625K10xas long as short
Injective ZRO/USDC PERP+0.1343%1h1.1670+0.654%$12K$260K12xas long as short