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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.2241%/8h= +245.4% APRpaid last 24h +1.051%
Price spread now: GMX against BingX−0.064%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
Funding pays, the price is against you. GMX is 0.064% cheaper against BingX than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2 hours of funding at the current rate (+$67 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZRO-USDT1.17600.0100pay 0.0050% / 4h3h 54m$10.7M
ShortGMX ZRO/USD [ETH-USDC]1.1753L +0.0291% / S −0.2341%get 0.0293% / 1h54m 44s$3K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$470.65
Price spread: −0.064% → 0.000%
−$6.37
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$442.28
Costs to cover
0.220%
Break-even
0.4 days
Slippage unknown: BingX: live order book, 3 min ago; GMX: 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 BingX live order book, 3 min ago2.12 bp8.6 bp −$912.1 bp −$12123.9 bp −$2,39048.0 bp −$24.0K
Sell GMX no order-book sample
GMX: 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
Gate ZRO_USDT−0.0440%4h1.1750−0.085%$1.4M$1.5M75xas long as short
ApeX Omni ZROUSDT−0.0347%1h1.1790+0.255%$37K$687K50xas long as short
Bybit ZROUSDT−0.0293%4h1.1758−0.017%$17.9M$14.3M50xas long as short
01 Exchange ZROUSD−0.0232%1h1.1770+0.083%$7K$3K5xas long as short
dYdX ZRO-USD0.0000%1h1.1768+0.071%$21K$3K5xas long as short
Orderly PERP_ZRO_USDC+0.0011%4h1.1748−0.102%$21K$7K10xas long as short
Lighter ZRO+0.0096%1h1.1767+0.062%$4.4M$1.5M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1765+0.044%$37.3M$5.9M5xas long as short
Aster ZROUSDT+0.0100%4h1.1767+0.057%$157K$149K10xas long as short
Pacifica ZRO+0.0100%1h1.1761+0.011%$136K$172K5xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ZROUSDT+0.0100%4h1.1764+0.036%$22.1M$30.6M75xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1762+0.017%$3.2M$8.1M20xas long as short
MEXC ZRO_USDT+0.0100%4h1.1766+0.051%$19.1M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1758−0.017%$2.4M$1.9M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1770+0.085%$2.7M$2.4M75xas long as short
BingX ZRO-USDTlong+0.0100%4h1.1760long leg$10.7M
Variational Omni ZRO+0.0100%4h1.1797+0.318%$2.3M$876Kas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1755−0.043%$91K$830K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1759−0.012%$21K3xas long as short
BloFin ZRO-USDT+0.0158%4h1.1749−0.094%$1.1M$256K75xas long as short
Nado ZRO-PERP+0.0247%1h1.1747−0.112%$1.3M$123K5xas long as short
GMX ZRO/USD [ETH-USDC]shortL +0.0291% / S −0.2341%1h1.1753−0.064%$3K100x
Kraken Futures PF_ZROUSD+0.0302%1h1.1767+0.061%$252K$411K25xas long as short
Backpack ZRO_USDC_PERP+0.0507%1h1.1758−0.017%$97K$204K20xas long as short
Injective ZRO/USDC PERP+0.1190%1h1.1820+0.510%$12K$260K12xas long as short
Extended ZRO-USD+0.1512%1h1.1767+0.060%$784K$589K10xas long as short