Settings8H · net · $10k
Funding arb · Price arb /

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: ApeX Omni against Binance+0.008%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$720.721% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.024%+$2 on $10k
Price spread, last 4 days (all we have)+0.537%+$54 · spread now +0.008%, 7d avg +0.030%
Together, before fees+0.562%+$56 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: ApeX Omni is 0.022% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ZROUSDT1.16390.0100pay 0.0050% / 4h15m 10s$21.8M$28.7M75x
ShortApeX Omni ZROUSDT1.16400.0100get 0.0013% / 1h15m 10s$39K$669K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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: +0.008% → +0.030%
−$2.2
Slippage, 4 orders
−$52.09
Fee Binance: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$74.29
Costs to cover
0.721%
Break-even
never at this rate
Slippage from Binance: live order book, 11 min ago; ApeX Omni: live order book, 23 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 Binance live order book, 11 min ago0.43 bp11.7 bp −$1228.8 bp −$288286.4 bp −$28.6Kdoesn't fit
Sell ApeX Omni live order book, 23 min ago12.88 bp22.6 bp −$23134.4 bp −$1,344doesn'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
dYdX ZRO-USD+0.0006%1h1.1632−0.065%$21K$5K5xas long as short
01 Exchange ZROUSD+0.0008%1h1.1641+0.017%$4K$5K5xas long as short
BloFin ZRO-USDT+0.0077%4h1.1630−0.078%$1.0M$198K75xas long as short
Orderly PERP_ZRO_USDC+0.0085%4h1.1637−0.018%$20K$4K10xas long as short
Lighter ZRO+0.0096%1h1.1660+0.175%$4.3M$1.2M5xas long as short
Nado ZRO-PERP+0.0100%1h1.1628−0.093%$1.3M$125K5xas long as short
Hyperliquid ZRO+0.0100%1h1.1648+0.076%$36.9M$5.3M5xas long as short
Aster ZROUSDT+0.0100%4h1.1650+0.098%$157K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1634−0.044%$137K$165K5xas long as short
Binance ZROUSDTlong+0.0100%4h1.1639long leg$21.8M$28.7M75x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ZROUSDT+0.0100%4h1.1632−0.061%$17.8M$13.0M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1644+0.042%$3.2M$7.6M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1630−0.078%$1.3M$1.4M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1641+0.016%$19.1M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1631−0.070%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1625−0.121%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1635−0.035%$21.7Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1636−0.027%$94K$213K20xas long as short
Variational Omni ZRO+0.0100%4h1.1620−0.167%$2.3M$759Kas long as short
ApeX Omni ZROUSDTshort+0.0100%1h1.1640+0.008%$39K$669K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1640+0.008%$99K$811K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1635−0.035%$21K3xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1641+0.019%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0433%1h1.1644+0.045%$253K$296K25xas long as short
Extended ZRO-USD+0.0528%1h1.1634−0.040%$793K$647K10xas long as short
Injective ZRO/USDC PERP+0.1271%1h1.1680+0.351%$12K$261K12xas long as short