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+0.0159%/8h= +17.5% APRpaid last 24h +0.036%
Price spread now: ApeX Omni against Orderly+0.017%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_ZRO_USDC1.1808−0.0059get 0.0030% / 4h1h 44m$21K$7K10x
ShortApeX Omni ZROUSDT1.18100.0100get 0.0013% / 1h44m 32s$37K$681K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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
$33.47
Price spread: +0.017% → 0.000%
$1.69
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$19.16
Costs to cover
0.160%
Break-even
3.0 days
Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 39 min ago. 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 Orderly no order-book sample
Sell ApeX Omni live order book, 39 min ago8.44 bp17.6 bp −$18115.8 bp −$1,158doesn't fitdoesn't fit
Orderly: 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−0.0624%1h1.1801−0.056%$7K$3K5xas long as short
Orderly PERP_ZRO_USDClong−0.0059%4h1.1808long leg$21K$7K10x
Lighter ZRO−0.0024%1h1.1818+0.085%$4.4M$1.5M5xas long as short
Kraken Futures PF_ZROUSD+0.0059%1h1.1821+0.111%$250K$562K25xas long as short
BloFin ZRO-USDT+0.0066%4h1.1811+0.025%$1.1M$263K75xas long as short
dYdX ZRO-USD+0.0079%1h1.1819+0.093%$21K$2K5xas long as short
Hyperliquid ZRO+0.0100%1h1.1835+0.229%$37.6M$6.2M5xas long as short
Aster ZROUSDT+0.0100%4h1.1825+0.146%$158K$154K10xas long as short
Pacifica ZRO+0.0100%1h1.1817+0.080%$138K$184K5xas long as short
Binance ZROUSDT+0.0100%4h1.1817+0.076%$22.2M$31.9M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ZROUSDT+0.0100%4h1.1809+0.008%$18.1M$14.9M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1820+0.102%$3.2M$8.5M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1820+0.102%$1.3M$1.8M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1818+0.085%$19.1M$3.1M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1827+0.161%$2.9M$1.8M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1815+0.059%$2.7M$2.4M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1817+0.076%$10.8Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1814+0.051%$95K$205K20xas long as short
Variational Omni ZRO+0.0100%4h1.1779−0.247%$2.3M$859Kas long as short
ApeX Omni ZROUSDTshort+0.0100%1h1.1810+0.017%$37K$681K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1826+0.152%$88K$906K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1806−0.021%$21K3xas long as short
Nado ZRO-PERP+0.0148%1h1.1816+0.065%$1.3M$125K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0295% / S −0.2416%1h1.1817+0.077%$3K100xas long as short
Injective ZRO/USDC PERP+0.0980%1h1.1850+0.356%$12K$218K12xas long as short
Extended ZRO-USD+0.2352%1h1.1817+0.076%$784K$541K10xas long as short