Funding arb · Price arb /

ZRO

all ZRO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.041%

Price spread now: OKX against Aevo−0.094%50s7-day average — · you buy dearer than you sell

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

Long on Aevo Short on OKX

What this pair did over the last

the charts below follow

Funding, last 5 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.094% cheaper against Aevo than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZRO-PERP	1.1650	0.0104	pay 0.0013% / 1h	4m 27s	$21K	—	3x
Short	OKX ZRO-USDT-SWAP	1.1639	0.0100	get 0.0050% / 4h	1h 04m	$3.2M	$7.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee AevobpFee OKXbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$0.84
Price spread: −0.094% → 0.000%: −$9.36
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$36.2
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; OKX: live order book, 4 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 Aevo no order-book sample	—	—	—	—	—
Sell OKX live order book, 4 min ago	0.43 bp	25.8 bp −$26	157.9 bp −$1,579	doesn't fit	doesn't fit

Aevo: 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
01 Exchange ZROUSD	−0.0232%	1h	1.1650	−0.001%	$7K	$3K	5x	as long as short
Orderly PERP_ZRO_USDC	+0.0038%	4h	1.1651	+0.009%	$20K	$5K	10x	as long as short
dYdX ZRO-USD	+0.0043%	1h	1.1665	+0.127%	$21K	$4K	5x	as long as short
BloFin ZRO-USDT	+0.0068%	4h	1.1649	−0.008%	$1.1M	$247K	75x	as long as short
Lighter ZRO	+0.0096%	1h	1.1677	+0.229%	$4.3M	$1.2M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1661	+0.099%	$157K	$150K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1659	+0.078%	$135K	$177K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1645	−0.040%	$21.8M	$29.8M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1636	−0.119%	$17.7M	$14.0M	50x	as long as short
OKX ZRO-USDT-SWAPshort	+0.0100%	4h	1.1639	−0.094%	$3.2M	$7.9M	20x

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ZRO_USDT	+0.0100%	4h	1.1650	+0.001%	$1.3M	$1.5M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1651	+0.009%	$19.1M	$2.7M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1653	+0.027%	$2.3M	$2.0M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1651	+0.009%	$2.7M	$2.6M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1653	+0.027%	—	$16.5M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1665	+0.130%	$94K	$194K	20x	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1633	−0.143%	$2.3M	$810K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1680	+0.258%	$39K	$673K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1654	+0.035%	$98K	$844K	5x	as long as short
Aevo ZRO-PERPlong	+0.0104%	1h	1.1650	long leg	$21K	—	3x
Kraken Futures PF_ZROUSD	+0.0199%	1h	1.1661	+0.099%	$256K	$407K	25x	as long as short
Nado ZRO-PERP	+0.0216%	1h	1.1642	−0.066%	$1.3M	$124K	5x	as long as short
Hyperliquid ZRO	+0.0272%	1h	1.1661	+0.091%	$36.9M	$5.5M	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0292% / S −0.2341%	1h	1.1649	−0.006%	$3K	—	100x	as long as short
Extended ZRO-USD	+0.0888%	1h	1.1650	+0.003%	$780K	$591K	10x	as long as short
Injective ZRO/USDC PERP	+0.1102%	1h	1.1700	+0.430%	$12K	$260K	12x	as long as short