Funding arb · Price arb /

ZRO

all ZRO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.072%

Price spread now: MEXC against 01 Exchange−0.119%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. MEXC is 0.119% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.119% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 4.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ZROUSD	1.1623	0.0016	pay 0.0002% / 1h	40m 20s	$7K	$3K	5x
Short	MEXC ZRO_USDT	1.1609	0.0100	get 0.0050% / 4h	40m 20s	$19.0M	$2.7M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against 01 Exchange. 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

Position, each leg$Hold fordaysFee 01 ExchangebpFee MEXCbpOrdersPrice spread, now −0.119%Rate

Funding earned: $17.64
Price spread: −0.119% → 0.000%: −$11.87
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$1.23
Costs to cover: 0.070%
Break-even: 7.5 days

Slippage unknown: 01 Exchange: no order-book sample; MEXC: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy 01 Exchange no order-book sample	—	—	—	—	—
Sell MEXC live order book, 3 min ago	1.72 bp	3.6 bp −$4	36.9 bp −$369	65.1 bp −$6,510	331.7 bp −$165.8K

01 Exchange: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ZRO-USD	+0.0011%	1h	1.1611	−0.103%	$21K	$4K	5x	as long as short
01 Exchange ZROUSDlong	+0.0016%	1h	1.1623	long leg	$7K	$3K	5x
Orderly PERP_ZRO_USDC	+0.0037%	4h	1.1609	−0.119%	$20K	$5K	10x	as long as short
Backpack ZRO_USDC_PERP	+0.0058%	1h	1.1593	−0.256%	$97K	$196K	20x	as long as short
Lighter ZRO	+0.0096%	1h	1.1625	+0.022%	$4.3M	$1.2M	5x	as long as short
BloFin ZRO-USDT	+0.0098%	4h	1.1586	−0.317%	$1.1M	$246K	75x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1607	−0.136%	$156K	$150K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1610	−0.114%	$135K	$178K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1606	−0.146%	$21.7M	$29.8M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1607	−0.136%	$17.7M	$13.9M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1604	−0.162%	$3.2M	$7.9M	20x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1610	−0.110%	$1.3M	$1.5M	75x	as long as short
MEXC ZRO_USDTshort	+0.0100%	4h	1.1609	−0.119%	$19.0M	$2.7M	125x
KuCoin ZROUSDTM	+0.0100%	4h	1.1599	−0.205%	$2.4M	$2.0M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1602	−0.179%	$2.6M	$2.6M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1606	−0.145%	—	$16.5M	—	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1567	−0.477%	$2.2M	$811K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1590	−0.282%	$39K	$673K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1616	−0.059%	$98K	$844K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1605	−0.153%	$20K	—	3x	as long as short
Nado ZRO-PERP	+0.0177%	1h	1.1614	−0.074%	$1.3M	$125K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0292% / S −0.2341%	1h	1.1609	−0.118%	$3K	—	100x	as long as short
Kraken Futures PF_ZROUSD	+0.0383%	1h	1.1612	−0.089%	$255K	$404K	25x	as long as short
Hyperliquid ZRO	+0.0454%	1h	1.1624	+0.010%	$36.8M	$5.5M	5x	as long as short
Injective ZRO/USDC PERP	+0.1186%	1h	1.1640	+0.148%	$12K	$260K	12x	as long as short
Extended ZRO-USD	+0.1208%	1h	1.1609	−0.117%	$776K	$590K	10x	as long as short