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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0532%/8h= −58.3% APRpaid last 24h −0.051%
Price spread now: 01 Exchange against Binance−0.036%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and 01 Exchange is 0.036% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ZROUSDT1.18020.0100pay 0.0050% / 4h1h 59m$22.2M$32.6M75x
Short01 Exchange ZROUSD1.1798−0.0432pay 0.0054% / 1h59m 45s$7K$3K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$111.72
Price spread: −0.036% → 0.000%
−$3.63
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$132.35
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 12 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 12 min ago0.42 bp8.8 bp −$926.5 bp −$265236.9 bp −$23.7Kdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 ZROUSDshort−0.0432%1h1.1798−0.036%$7K$3K5x
Orderly PERP_ZRO_USDC−0.0057%4h1.1812+0.084%$21K$7K10xas long as short
dYdX ZRO-USD+0.0076%1h1.1814+0.100%$21K$2K5xas long as short
Lighter ZRO+0.0096%1h1.1803+0.009%$4.5M$1.5M5xas long as short
Aster ZROUSDT+0.0100%4h1.1824+0.188%$158K$160K10xas long as short
Pacifica ZRO+0.0100%1h1.1809+0.062%$138K$191K5xas long as short
Binance ZROUSDTlong+0.0100%4h1.1802long leg$22.2M$32.6M75x
Bybit ZROUSDT+0.0100%4h1.1792−0.085%$18.0M$15.3M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1798−0.035%$3.2M$8.9M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1810+0.067%$1.3M$2.0M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ZRO_USDT+0.0100%4h1.1803+0.008%$19.1M$3.5M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1821+0.160%$2.9M$1.8M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1812+0.084%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1807+0.042%$10.9Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1810+0.067%$95K$206K20xas long as short
Variational Omni ZRO+0.0100%4h1.1806+0.030%$2.3M$859Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1820+0.152%$37K$682K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1818+0.135%$88K$911K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1816+0.122%$21K3xas long as short
BloFin ZRO-USDT+0.0144%4h1.1807+0.042%$1.1M$264K75xas long as short
Hyperliquid ZRO+0.0178%1h1.1813+0.092%$37.5M$6.4M5xas long as short
Nado ZRO-PERP+0.0179%1h1.1812+0.083%$1.3M$129K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0295% / S −0.2416%1h1.1820+0.153%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0317%1h1.1820+0.156%$250K$566K25xas long as short
Injective ZRO/USDC PERP+0.1237%1h1.1850+0.406%$12K$175K12xas long as short
Extended ZRO-USD+0.2272%1h1.1797−0.047%$784K$539K10xas long as short