Funding arb · Price arb /

ZRO

all ZRO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Polymarket Perps against ApeX Omni+0.137%63s7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$600.596% of the position

Long on ApeX Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.093%−$9 on $10k

Price spread, last 4 days (all we have)−0.145%−$15 · spread now +0.137%, 7d avg +0.030%

Together, before fees−0.238%−$24 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: Polymarket Perps is 0.107% dearer against ApeX Omni than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.030%. The two prices were read 63 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	ApeX Omni ZROUSDT	1.1720	0.0100	pay 0.0013% / 1h	7m 40s	$39K	$671K	50x
Short	Polymarket Perps ZRO-USD	1.1736	0.0100	get 0.0013% / 1h	7m 40s	$80K	$699K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee Polymarket PerpsbpOrdersPrice spread, now +0.137%Rate

Funding earned: $0
Price spread: +0.137% → +0.030%: $10.67
Slippage, 4 orders: −$41.6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$48.93
Costs to cover: 0.596%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 39 min ago; Polymarket Perps: live order book, 34 min ago.

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 ApeX Omni live order book, 39 min ago	12.74 bp	21.6 bp −$22	125.8 bp −$1,258	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 34 min ago	0.42 bp	4.8 bp −$5	20.5 bp −$205	doesn't fit	doesn't fit

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
Injective ZRO/USDC PERP	−0.0774%	1h	1.1760	+0.341%	$12K	$257K	12x	as long as short
Kraken Futures PF_ZROUSD	−0.0534%	1h	1.1735	+0.124%	$267K	$191K	25x	as long as short
01 Exchange ZROUSD	−0.0168%	1h	1.1735	+0.127%	$4K	$5K	5x	as long as short
Bybit ZROUSDT	−0.0110%	4h	1.1711	−0.077%	$18.0M	$11.4M	50x	as long as short
Variational Omni ZRO	−0.0047%	4h	1.1707	−0.111%	$2.3M	$733K	—	as long as short
Orderly PERP_ZRO_USDC	−0.0034%	4h	1.1729	+0.077%	$20K	$2K	10x	as long as short
dYdX ZRO-USD	0.0000%	1h	1.1728	+0.066%	$21K	$5K	5x	as long as short
OKX ZRO-USDT-SWAP	+0.0033%	4h	1.1724	+0.034%	$3.2M	$7.3M	20x	as long as short
BloFin ZRO-USDT	+0.0050%	4h	1.1734	+0.119%	$1.0M	$139K	75x	as long as short
Lighter ZRO	+0.0096%	1h	1.1734	+0.122%	$4.4M	$1.1M	5x	as long as short

Show all 26 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ZRO-PERP	+0.0100%	1h	1.1738	+0.154%	$1.3M	$121K	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1741	+0.179%	$37.1M	$5.0M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1729	+0.080%	$158K	$118K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1722	+0.017%	$135K	$140K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1718	−0.017%	$21.9M	$26.0M	75x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1720	0.000%	$1.3M	$1.1M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1722	+0.017%	$9.4M	$2.5M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1733	+0.111%	$2.2M	$2.2M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1728	+0.068%	$2.8M	$2.3M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1723	+0.026%	—	$25.0M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1733	+0.111%	$93K	$219K	20x	as long as short
ApeX Omni ZROUSDTlong	+0.0100%	1h	1.1720	long leg	$39K	$671K	50x
Polymarket Perps ZRO-USDshort	+0.0100%	1h	1.1736	+0.137%	$80K	$699K	5x
Aevo ZRO-PERP	+0.0104%	1h	1.1737	+0.144%	$21K	—	3x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0292% / S −0.2341%	1h	1.1723	+0.021%	$3K	—	100x	as long as short
Extended ZRO-USD	+0.0544%	1h	1.1715	−0.043%	$798K	$654K	10x	as long as short