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 0.000%
Price spread now: Gate against Polymarket Perps−0.093%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$990.989% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.074%+$7 on $10k
Price spread, last 4 days (all we have)−0.098%−$10 · spread now −0.093%, 7d avg −0.064%
Together, before fees−0.024%−$2 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: Gate is 0.029% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.064%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ZRO-USD1.18110.0100pay 0.0013% / 1h18m 23s$101K$731K5x
ShortGate ZRO_USDT1.18000.0100get 0.0050% / 4h2h 18m$1.3M$1.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: −0.093% → −0.064%
−$2.88
Slippage, 4 orders
−$75.86
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$101.74
Costs to cover
0.989%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 28 min ago; Gate: live order book, 2 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, 28 min ago2.55 bp24.5 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 2 min ago8.48 bp29.3 bp −$2969.3 bp −$693doesn't fitdoesn't fit

ZRO on 26 exchanges

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−0.0496%1h1.1801−0.083%$4K$5K5xas long as short
Kraken Futures PF_ZROUSD−0.0316%1h1.1801−0.084%$268K$215K25xas long as short
Bybit ZROUSDT−0.0079%4h1.1799−0.102%$18.1M$12.0M50xas long as short
Orderly PERP_ZRO_USDC−0.0005%4h1.1794−0.144%$21K$2K10xas long as short
dYdX ZRO-USD0.0000%1h1.1803−0.068%$21K$5K5xas long as short
OKX ZRO-USDT-SWAP+0.0033%4h1.1804−0.059%$3.2M$7.6M20xas long as short
Lighter ZRO+0.0096%1h1.1810−0.012%$4.4M$1.1M5xas long as short
Nado ZRO-PERP+0.0100%1h1.1807−0.032%$1.3M$120K5xas long as short
Hyperliquid ZRO+0.0100%1h1.1818+0.062%$37.4M$5.1M5xas long as short
Aster ZROUSDT+0.0100%4h1.1811−0.001%$159K$125K10xas long as short
Show all 26 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ZRO+0.0100%1h1.1793−0.149%$136K$148K5xas long as short
Binance ZROUSDT+0.0100%4h1.1807−0.034%$22.0M$27.4M75xas long as short
Gate ZRO_USDTshort+0.0100%4h1.1800−0.093%$1.3M$1.2M75x
MEXC ZRO_USDT+0.0100%4h1.1807−0.034%$9.4M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1809−0.017%$2.3M$2.3M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1806−0.042%$2.7M$2.3M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1802−0.076%$22.5Mas long as short
Variational Omni ZRO+0.0100%4h1.1788−0.198%$2.3M$733Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1820+0.076%$40K$671K50xas long as short
Polymarket Perps ZRO-USDlong+0.0100%1h1.1811long leg$101K$731K5x
Extended ZRO-USD+0.0104%1h1.1808−0.025%$803K$650K10xas long as short
Aevo ZRO-PERP+0.0104%1h1.1799−0.099%$21K3xas long as short
BloFin ZRO-USDT+0.0106%4h1.1796−0.127%$1.0M$148K75xas long as short
Backpack ZRO_USDC_PERP+0.0162%1h1.1799−0.102%$93K$220K20xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0293% / S −0.2341%1h1.1801−0.087%$3K100xas long as short
Injective ZRO/USDC PERP+0.1068%1h1.1760−0.432%$12K$257K12xas long as short