Spread before costs (cost unknown: a leg has no order-book sample)−0.602%
7d average−0.046%if it closes, per $10,000$60funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ZRO_USDC_PERP | 1.1702 | 0.0100 | pay 0.0013% / 1h | 55m 36s | $92K | $201K | 20x |
| Short | Variational Omni ZRO | 1.1632 | 0.0100 | get 0.0050% / 4h | 1h 55m | $2.2M | $904K | — |
Backpack ZRO_USDC_PERP
Variational Omni ZROPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$60.16
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$70.16
- Spread needed to break even
- 0.100%
Slippage unknown: Backpack: live order book, 44 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- Average in range /8h
- —
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 Backpack live order book, 44 min ago | 0.43 bp | 6.2 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 5.76 bp | doesn't fit | 47.5 bp −$475 | doesn't fit | doesn't fit |
ZRO price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni1.1632cheapest
ApeX Omni1.1650+0.158%BloFin1.1689+0.493%Nado1.1691+0.507%Aevo1.1699+0.577%Orderly1.1701+0.597%
ApeX Omni
BloFin
Nado
Aevo
OrderlyBackpack1.1702+0.605%
Aster1.1704+0.622%01 Exchange1.1705+0.634%Kraken Futures1.1706+0.639%Polymarket Perps1.1706+0.640%Gate1.1710+0.674%GMX1.1712+0.689%Injective1.1720+0.760%Hyperliquid1.1721+0.769%Binance1.1731+0.851%KuCoin1.1733+0.872%dYdX1.1734+0.883%Pacifica1.1736+0.898%Bybit1.1737+0.906%Extended1.1742+0.945%Bitget1.1742+0.949%OKX1.1743+0.958%BingX1.1744+0.966%MEXC1.1746+0.983%Lighter1.1759+1.094%
Aster
Kraken Futures
Polymarket Perps
Gate
GMX
Injective
Hyperliquid
Binance
KuCoin
dYdX
Pacifica
Bybit
Extended
Bitget
OKX
BingX
MEXC
LighterZRO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni ZROshort | −0.602% | +0.0100% | 4h | $2.2M | $904K | — | |
| ApeX Omni ZROUSDT | −0.444% | +0.0100% | 1h | $37K | $682K | 50x | as long as short |
| BloFin ZRO-USDT | −0.111% | +0.0107% | 4h | $1.1M | $275K | 75x | as long as short |
| Nado ZRO-PERP | −0.097% | +0.0297% | 1h | $1.3M | $135K | 5x | as long as short |
| Aevo ZRO-PERP | −0.028% | +0.0104% | 1h | $21K | — | 3x | as long as short |
| Orderly PERP_ZRO_USDC | −0.009% | +0.0049% | 4h | $20K | $7K | 10x | as long as short |
| Backpack ZRO_USDC_PERPlong | 0.000% | +0.0100% | 1h | $92K | $201K | 20x | |
| Aster ZROUSDT | +0.017% | +0.0100% | 4h | $156K | $158K | 10x | as long as short |
| 01 Exchange ZROUSD | +0.028% | −0.0296% | 1h | $7K | $3K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.034% | −0.0213% | 1h | $257K | $576K | 25x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps ZRO-USD | +0.034% | +0.0100% | 1h | $79K | $944K | 5x | as long as short |
| Gate ZRO_USDT | +0.068% | +0.0100% | 4h | $1.3M | $2.2M | 75x | as long as short |
| GMX ZRO/USD [ETH-USDC] | +0.083% | L +0.0292% / S −0.2341% | 1h | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERP | +0.154% | +0.1143% | 1h | $12K | $124K | 12x | as long as short |
| Hyperliquid ZRO | +0.162% | +0.0100% | 1h | $37.7M | $8.2M | 5x | as long as short |
| Binance ZROUSDT | +0.244% | +0.0100% | 4h | $22.4M | $35.5M | 75x | as long as short |
| KuCoin ZROUSDTM | +0.265% | +0.0100% | 4h | $2.5M | $1.5M | 50x | as long as short |
| dYdX ZRO-USD | +0.276% | 0.0000% | 1h | $21K | $2K | 5x | as long as short |
| Pacifica ZRO | +0.291% | +0.0100% | 1h | $141K | $217K | 5x | as long as short |
| Bybit ZROUSDT | +0.299% | +0.0100% | 4h | $18.2M | $17.6M | 50x | as long as short |
| Extended ZRO-USD | +0.338% | +0.0552% | 1h | $776K | $545K | 10x | as long as short |
| Bitget ZROUSDT | +0.342% | +0.0100% | 4h | $2.7M | $2.8M | 75x | as long as short |
| OKX ZRO-USDT-SWAP | +0.350% | −0.0067% | 4h | $3.2M | $8.2M | 20x | as long as short |
| BingX ZRO-USDT | +0.359% | +0.0100% | 4h | — | $9.2M | — | as long as short |
| MEXC ZRO_USDT | +0.376% | +0.0100% | 4h | $17.9M | $3.8M | 125x | as long as short |
| Lighter ZRO | +0.485% | +0.0144% | 1h | $4.7M | $1.3M | 5x | as long as short |