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 BingX−0.052%113s7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$660.665% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 4 days (all we have)+0.624%+$62 · spread now −0.052%, 7d avg +0.045%
Together, before fees+0.623%+$62 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 0.096% cheaper against BingX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.045%. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZRO-USDT1.16360.0100pay 0.0050% / 4h17m 43s$21.7M
ShortApeX Omni ZROUSDT1.16300.0100get 0.0013% / 1h17m 43s$39K$669K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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: −0.052% → +0.045%
−$9.62
Slippage, 4 orders
−$46.45
Fee BingX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$76.07
Costs to cover
0.665%
Break-even
never at this rate
Slippage from BingX: live order book, 11 min ago; ApeX Omni: live order book, 20 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 BingX live order book, 11 min ago3.44 bp9.5 bp −$914.3 bp −$14329.1 bp −$2,90852.0 bp −$26.0K
Sell ApeX Omni live order book, 20 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-USD0.0000%1h1.1632−0.038%$21K$5K5xas long as short
01 Exchange ZROUSD0.0000%1h1.1639+0.022%$4K$5K5xas long as short
Orderly PERP_ZRO_USDC+0.0085%4h1.1637+0.009%$20K$4K10xas long as short
Lighter ZRO+0.0096%1h1.1655+0.162%$4.3M$1.2M5xas long as short
Nado ZRO-PERP+0.0100%1h1.1634−0.013%$1.3M$125K5xas long as short
Hyperliquid ZRO+0.0100%1h1.1652+0.138%$36.9M$5.3M5xas long as short
Aster ZROUSDT+0.0100%4h1.1643+0.063%$157K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1637+0.010%$137K$165K5xas long as short
Binance ZROUSDT+0.0100%4h1.1633−0.026%$21.8M$28.7M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1630−0.052%$17.8M$13.1M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1637+0.009%$3.2M$7.6M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1630−0.052%$1.3M$1.4M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1634−0.017%$19.1M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1630−0.052%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1626−0.086%$2.7M$2.5M75xas long as short
BingX ZRO-USDTlong+0.0100%4h1.1636long leg$21.7M
Backpack ZRO_USDC_PERP+0.0100%1h1.1637+0.009%$94K$213K20xas long as short
Variational Omni ZRO+0.0100%4h1.1605−0.267%$2.3M$759Kas long as short
ApeX Omni ZROUSDTshort+0.0100%1h1.1630−0.052%$39K$669K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1640+0.034%$99K$813K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1637+0.013%$21K3xas long as short
BloFin ZRO-USDT+0.0131%4h1.1634−0.017%$1.0M$198K75xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1637+0.006%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0433%1h1.1642+0.054%$253K$296K25xas long as short
Extended ZRO-USD+0.0512%1h1.1634−0.021%$793K$647K10xas long as short
Injective ZRO/USDC PERP+0.1271%1h1.1660+0.206%$12K$261K12xas long as short