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 ApeX Omni+0.189%110s7-day average −0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$760.757% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.085%−$8 on $10k
Price spread, last 4 days (all we have)−0.241%−$24 · spread now +0.189%, 7d avg −0.046%
Together, before fees−0.326%−$33 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 0.234% dearer against ApeX Omni than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.046%. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZROUSDT1.16700.0100pay 0.0013% / 1h23m 40s$39K$670K50x
ShortOKX ZRO-USDT-SWAP1.16920.0100get 0.0050% / 4h1h 23m$3.2M$7.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against ApeX Omni. 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: +0.189% → −0.046%
$23.45
Slippage, 4 orders
−$55.66
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$52.21
Costs to cover
0.757%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 20 min ago; OKX: live order book, 4 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 ApeX Omni live order book, 20 min ago12.83 bp20.5 bp −$21110.1 bp −$1,101doesn't fitdoesn't fit
Sell OKX live order book, 4 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+0.0024%1h1.1699+0.247%$4K$5K5xas long as short
dYdX ZRO-USD+0.0039%1h1.1698+0.239%$21K$5K5xas long as short
Orderly PERP_ZRO_USDC+0.0094%4h1.1701+0.266%$20K$4K10xas long as short
Lighter ZRO+0.0096%1h1.1714+0.375%$4.4M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1698+0.240%$37.1M$5.4M5xas long as short
Aster ZROUSDT+0.0100%4h1.1695+0.216%$158K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1692+0.190%$137K$172K5xas long as short
Binance ZROUSDT+0.0100%4h1.1693+0.196%$21.8M$29.1M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1696+0.223%$17.9M$13.4M50xas long as short
OKX ZRO-USDT-SWAPshort+0.0100%4h1.1692+0.189%$3.2M$7.7M20x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1690+0.171%$1.3M$1.4M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1691+0.180%$19.2M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1691+0.180%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1691+0.180%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1698+0.240%$16.6Mas long as short
Variational Omni ZRO+0.0100%4h1.1689+0.167%$2.3M$798Kas long as short
ApeX Omni ZROUSDTlong+0.0100%1h1.1670long leg$39K$670K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1698+0.240%$99K$817K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1697+0.229%$21K3xas long as short
BloFin ZRO-USDT+0.0154%4h1.1702+0.274%$1.0M$202K75xas long as short
Backpack ZRO_USDC_PERP+0.0186%1h1.1703+0.283%$95K$219K20xas long as short
Nado ZRO-PERP+0.0282%1h1.1699+0.247%$1.3M$127K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1693+0.201%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0514%1h1.1711+0.353%$254K$298K25xas long as short
Extended ZRO-USD+0.0696%1h1.1687+0.147%$799K$626K10xas long as short
Injective ZRO/USDC PERP+0.1317%1h1.1750+0.686%$12K$261K12xas long as short