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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: ApeX Omni against Polymarket Perps−0.333%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$580.583% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.112%+$11 on $10k
Price spread, last 4 days (all we have)+0.261%+$26 · spread now −0.333%, 7d avg −0.035%
Together, before fees+0.374%+$37 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 0.298% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of −0.035%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ZRO-USD1.17090.0100pay 0.0013% / 1h24m 47s$99K$817K5x
ShortApeX Omni ZROUSDT1.16700.0100get 0.0013% / 1h24m 47s$39K$670K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Polymarket Perps. 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: −0.333% → −0.035%
−$29.76
Slippage, 4 orders
−$40.26
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$88.02
Costs to cover
0.583%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 43 min ago; ApeX Omni: live order book, 18 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 Polymarket Perps live order book, 43 min ago3.83 bp7.9 bp −$810.8 bp −$108doesn't fitdoesn't fit
Sell ApeX Omni live order book, 18 min ago12.83 bp22.0 bp −$22125.3 bp −$1,253doesn'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+0.0016%1h1.1714+0.046%$4K$5K5xas long as short
dYdX ZRO-USD+0.0042%1h1.1698−0.095%$21K$5K5xas long as short
Orderly PERP_ZRO_USDC+0.0094%4h1.1697−0.102%$20K$4K10xas long as short
Lighter ZRO+0.0096%1h1.1714+0.040%$4.4M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1705−0.034%$37.1M$5.4M5xas long as short
Aster ZROUSDT+0.0100%4h1.1695−0.118%$158K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1691−0.156%$137K$172K5xas long as short
Binance ZROUSDT+0.0100%4h1.1694−0.125%$21.9M$29.1M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1696−0.111%$17.9M$13.4M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1691−0.154%$3.2M$7.7M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1690−0.162%$1.3M$1.4M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1691−0.154%$19.2M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1692−0.145%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1691−0.154%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1698−0.094%$16.6Mas long as short
Variational Omni ZRO+0.0100%4h1.1689−0.167%$2.3M$798Kas long as short
ApeX Omni ZROUSDTshort+0.0100%1h1.1670−0.333%$39K$670K50x
Polymarket Perps ZRO-USDlong+0.0100%1h1.1709long leg$99K$817K5x
Aevo ZRO-PERP+0.0104%1h1.1695−0.116%$21K3xas long as short
BloFin ZRO-USDT+0.0154%4h1.1702−0.060%$1.0M$202K75xas long as short
Backpack ZRO_USDC_PERP+0.0170%1h1.1700−0.077%$95K$220K20xas long as short
Nado ZRO-PERP+0.0285%1h1.1709−0.003%$1.3M$127K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1674−0.296%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0514%1h1.1704−0.040%$254K$298K25xas long as short
Extended ZRO-USD+0.0696%1h1.1693−0.134%$799K$626K10xas long as short
Injective ZRO/USDC PERP+0.1317%1h1.1750+0.350%$12K$261K12xas long as short