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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.2237%/8h= +245.0% APRnext payment +$2.80 per $10,000 · paid last 24h +0.867%
Price spread now: GMX against Aevo+0.030%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$67 a day on $10k at the current rate, and GMX is 0.030% dearer against Aevo than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ZRO-PERP1.17380.0104pay 0.0013% / 1h22m 38s$21K3x
ShortGMX ZRO/USD [ETH-USDC]1.1742L +0.0293% / S −0.2341%get 0.0293% / 1h22m 38s$3K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Aevo. 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
$469.81
Price spread: +0.030% → 0.000%
$3.05
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee GMX: 6 bp × 2 orders
−$12
Net
$444.86
Costs to cover
0.280%
Break-even
0.4 days
Slippage unknown: Aevo: no order-book sample; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell GMX no order-book sample
Aevo and GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ZRO_USDC+0.0049%4h1.1742+0.034%$21K$5K10xas long as short
Aster ZROUSDT+0.0100%4h1.1738+0.003%$158K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1720−0.154%$136K$178K5xas long as short
Binance ZROUSDT+0.0100%4h1.1724−0.120%$22.0M$29.8M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1714−0.205%$17.9M$13.7M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1724−0.120%$3.2M$7.9M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1720−0.154%$1.3M$1.5M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1722−0.137%$19.2M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1735−0.026%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1721−0.145%$2.7M$2.6M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ZRO-USDT+0.0100%4h1.1721−0.145%$16.3Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1737−0.009%$97K$222K20xas long as short
Variational Omni ZRO+0.0100%4h1.1739+0.011%$2.3M$809Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1760+0.187%$39K$676K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1748+0.085%$100K$850K5xas long as short
Aevo ZRO-PERPlong+0.0104%1h1.1738long leg$21K3x
dYdX ZRO-USD+0.0108%1h1.1718−0.168%$21K$4K5xas long as short
Lighter ZRO+0.0112%1h1.1745+0.060%$4.4M$1.2M5xas long as short
BloFin ZRO-USDT+0.0128%4h1.1744+0.051%$1.1M$250K75xas long as short
Nado ZRO-PERP+0.0233%1h1.1731−0.058%$1.3M$125K5xas long as short
GMX ZRO/USD [ETH-USDC]shortL +0.0293% / S −0.2341%1h1.1742+0.030%$3K100x
01 Exchange ZROUSD+0.0344%1h1.1734−0.038%$7K$3K5xas long as short
Kraken Futures PF_ZROUSD+0.0461%1h1.1750+0.104%$256K$384K25xas long as short
Hyperliquid ZRO+0.0584%1h1.1734−0.035%$37.3M$5.5M5xas long as short
Extended ZRO-USD+0.1128%1h1.1726−0.101%$804K$625K10xas long as short
Injective ZRO/USDC PERP+0.1363%1h1.1800+0.528%$12K$261K12xas long as short