data as of
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Price arb /

ZRO

all ZRO markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$96
spread now+0.048%7d average+0.074%fees + slippage, in and out−$93spread needed0.933%
Long on BackpackShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack ZRO_USDC_PERP1.18540.0100pay 0.0013% / 1h20m 18s$93K$193K20x
ShortKraken Futures PF_ZROUSD1.1860−0.0494pay 0.0062% / 1h20m 18s$263K$574K25x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$4.84
Funding while held
−$17.82
Slippage, 4 orders
−$73.3
Fee Backpack: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$106.27
Spread needed to break even
0.933%
Slippage from Backpack: live order book, 29 min ago; Kraken Futures: live order book, 29 min ago.

Cost of waiting

funding view
Funding /8h
−0.0594%
Per $10,000 a day
−$17.82
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 29 min ago0.41 bp6.9 bp −$7doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 29 min ago18.85 bp47.4 bp −$47136.6 bp −$1,366doesn't fitdoesn't fit

ZRO price on every exchange

against the cheapest. Click to use as the short leg.
BloFin1.1843cheapestKuCoin1.1844+0.008%Bybit1.1846+0.025%OKX1.1849+0.051%Gate1.1850+0.059%MEXC1.1851+0.068%BingX1.1852+0.076%Extended1.1852+0.080%GMX1.1852+0.080%Bitget1.1853+0.084%
Backpack1.1854+0.093%
Binance1.1855+0.100%dYdX1.1855+0.101%Aster1.1856+0.106%Orderly1.1856+0.110%Polymarket Perps1.1858+0.127%Nado1.1858+0.128%Aevo1.1859+0.132%
Kraken Futures1.1860+0.141%
01 Exchange1.1860+0.144%Pacifica1.1861+0.149%Variational Omni1.1864+0.181%Hyperliquid1.1870+0.228%ApeX Omni1.1870+0.228%Lighter1.1877+0.283%Injective1.1920+0.650%

ZRO on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin ZRO-USDT−0.093%+0.0104%4h$1.1M$281K75xas long as short
KuCoin ZROUSDTM−0.084%+0.0100%4h$2.4M$1.3M50xas long as short
Bybit ZROUSDT−0.067%+0.0100%4h$18.2M$17.7M50xas long as short
OKX ZRO-USDT-SWAP−0.042%+0.0048%4h$3.2M$8.2M20xas long as short
Gate ZRO_USDT−0.034%+0.0100%4h$1.4M$2.2M75xas long as short
MEXC ZRO_USDT−0.025%+0.0100%4h$17.6M$3.9M125xas long as short
BingX ZRO-USDT−0.017%+0.0100%4h—$9.0M—as long as short
Extended ZRO-USD−0.013%+0.0104%1h$791K$473K10xas long as short
GMX ZRO/USD [ETH-USDC]−0.013%L +0.0283% / S −0.2124%1h$3K—100xas long as short
Bitget ZROUSDT−0.008%+0.0100%4h$2.7M$3.0M75xas long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Backpack ZRO_USDC_PERPlong0.000%+0.0100%1h$93K$193K20x
Binance ZROUSDT+0.007%+0.0100%4h$22.7M$34.7M75xas long as short
dYdX ZRO-USD+0.008%+0.0001%1h$21K$8705xas long as short
Aster ZROUSDT+0.014%+0.0100%4h$134K$107K10xas long as short
Orderly PERP_ZRO_USDC+0.017%−0.0085%4h$21K$7K10xas long as short
Polymarket Perps ZRO-USD+0.034%+0.0100%1h$83K$838K5xas long as short
Nado ZRO-PERP+0.035%+0.0333%1h$1.3M$120K5xas long as short
Aevo ZRO-PERP+0.039%+0.0104%1h$21K—3xas long as short
Kraken Futures PF_ZROUSDshort+0.048%−0.0494%1h$263K$574K25x
01 Exchange ZROUSD+0.051%−0.0152%1h$7K$3K5xas long as short
Pacifica ZRO+0.056%+0.0100%1h$144K$221K5xas long as short
Variational Omni ZRO+0.089%+0.0100%4h$2.4M$817K—as long as short
Hyperliquid ZRO+0.135%+0.0274%1h$39.0M$7.4M5xas long as short
ApeX Omni ZROUSDT+0.135%+0.0100%1h$37K$681K50xas long as short
Lighter ZRO+0.190%+0.0096%1h$4.8M$1.3M5xas long as short
Injective ZRO/USDC PERP+0.557%+0.1142%1h$12K$173K12xas long as short