Funding arb · Price arb /

ZRO

all ZRO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0548%/8h= +60.0% APRpaid last 24h +0.062%

Price spread now: Variational Omni against 01 Exchange−0.316%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 Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.316% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.316% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$32 on $10k: about 46 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ZROUSD	1.1840	−0.0448	get 0.0056% / 1h	0m 16s	$4K	$5K	5x
Short	Variational Omni ZRO	1.1803	0.0100	get 0.0050% / 4h	2h 00m	$2.3M	$733K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.316%Rate

Funding earned: $115.08
Price spread: −0.316% → 0.000%: −$31.65
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $76.43
Costs to cover: 0.070%
Break-even: 2.4 days

Slippage unknown: 01 Exchange: no order-book sample; Variational Omni: RFQ quote, 2 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 Variational Omni RFQ quote, 2 min ago	4.02 bp	doesn't fit	40.1 bp −$401	doesn't fit	doesn't fit

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 exchanges

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
01 Exchange ZROUSDlong	−0.0448%	1h	1.1840	long leg	$4K	$5K	5x
Kraken Futures PF_ZROUSD	−0.0315%	1h	1.1849	+0.071%	$269K	$213K	25x	as long as short
Bybit ZROUSDT	−0.0039%	4h	1.1829	−0.095%	$18.1M	$11.8M	50x	as long as short
Orderly PERP_ZRO_USDC	−0.0019%	4h	1.1839	−0.010%	$20K	$2K	10x	as long as short
dYdX ZRO-USD	0.0000%	1h	1.1815	−0.215%	$21K	$5K	5x	as long as short
OKX ZRO-USDT-SWAP	+0.0012%	4h	1.1836	−0.035%	$3.2M	$7.5M	20x	as long as short
BloFin ZRO-USDT	+0.0091%	4h	1.1819	−0.179%	$1.0M	$143K	75x	as long as short
Lighter ZRO	+0.0096%	1h	1.1853	+0.110%	$4.4M	$1.1M	5x	as long as short
Nado ZRO-PERP	+0.0100%	1h	1.1848	+0.063%	$1.4M	$121K	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1853	+0.108%	$37.5M	$5.0M	5x	as long as short

Show all 26 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZROUSDT	+0.0100%	4h	1.1839	−0.011%	$160K	$124K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1830	−0.088%	$136K	$147K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1839	−0.011%	$22.1M	$26.9M	75x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1820	−0.171%	$1.3M	$1.2M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1838	−0.019%	$9.4M	$2.8M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1839	−0.010%	$2.3M	$2.3M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1841	+0.007%	$2.7M	$2.3M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1833	−0.061%	—	$25.1M	—	as long as short
Variational Omni ZROshort	+0.0100%	4h	1.1803	−0.316%	$2.3M	$733K	—
ApeX Omni ZROUSDT	+0.0100%	1h	1.1850	+0.083%	$40K	$671K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1842	+0.015%	$101K	$728K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1885	+0.375%	$21K	—	3x	as long as short
Extended ZRO-USD	+0.0256%	1h	1.1843	+0.024%	$807K	$650K	10x	as long as short
Backpack ZRO_USDC_PERP	+0.0261%	1h	1.1825	−0.128%	$93K	$215K	20x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0293% / S −0.2341%	1h	1.1842	+0.018%	$3K	—	100x	as long as short
Injective ZRO/USDC PERP	+0.1068%	1h	1.1760	−0.677%	$12K	$257K	12x	as long as short