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% APRpaid last 24h −0.039%
Price spread now: OKX against Polymarket Perps−0.051%7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$490.489% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.027%+$3 on $10k
Price spread, last 4 days (all we have)−0.072%−$7 · spread now −0.051%, 7d avg −0.081%
Together, before fees−0.045%−$5 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: OKX is 0.030% dearer against Polymarket Perps than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.081%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ZRO-USD1.16900.0100pay 0.0013% / 1h23m 20s$99K$817K5x
ShortOKX ZRO-USDT-SWAP1.16840.0100get 0.0050% / 4h1h 23m$3.2M$7.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.051% → −0.081%
$2.96
Slippage, 4 orders
−$30.91
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$45.95
Costs to cover
0.489%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 45 min ago; OKX: live order book, 5 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, 45 min ago3.83 bp7.9 bp −$810.8 bp −$108doesn't fitdoesn't fit
Sell OKX live order book, 5 min ago3.00 bp15.9 bp −$16doesn't fitdoesn'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+0.0032%1h1.1692+0.015%$4K$5K5xas long as short
dYdX ZRO-USD+0.0039%1h1.1698+0.068%$21K$5K5xas long as short
Orderly PERP_ZRO_USDC+0.0094%4h1.1681−0.077%$20K$4K10xas long as short
Lighter ZRO+0.0096%1h1.1714+0.204%$4.4M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1692+0.020%$37.1M$5.4M5xas long as short
Aster ZROUSDT+0.0100%4h1.1685−0.042%$158K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1692+0.018%$137K$172K5xas long as short
Binance ZROUSDT+0.0100%4h1.1683−0.060%$21.8M$29.1M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1679−0.094%$17.9M$13.4M50xas long as short
OKX ZRO-USDT-SWAPshort+0.0100%4h1.1684−0.051%$3.2M$7.7M20x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1680−0.086%$1.3M$1.4M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1678−0.103%$19.2M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1686−0.034%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1684−0.051%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1684−0.051%$16.5Mas long as short
Variational Omni ZRO+0.0100%4h1.1689−0.005%$2.3M$798Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1670−0.171%$39K$670K50xas long as short
Polymarket Perps ZRO-USDlong+0.0100%1h1.1690long leg$99K$817K5x
Aevo ZRO-PERP+0.0104%1h1.1675−0.124%$21K3xas long as short
BloFin ZRO-USDT+0.0154%4h1.1702+0.103%$1.0M$202K75xas long as short
Backpack ZRO_USDC_PERP+0.0186%1h1.1703+0.111%$95K$219K20xas long as short
Nado ZRO-PERP+0.0281%1h1.16900.000%$1.3M$127K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1693+0.030%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0514%1h1.1711+0.182%$254K$298K25xas long as short
Extended ZRO-USD+0.0704%1h1.1684−0.048%$799K$626K10xas long as short
Injective ZRO/USDC PERP+0.1317%1h1.1750+0.513%$12K$261K12xas long as short