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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.2241%/8h= +245.4% APRpaid last 24h +0.837%
Price spread now: GMX against BingX+0.001%7-day average · you sell dearer than you buy
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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$67 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZRO-USDT1.15810.0100pay 0.0050% / 4h2h 31m$16.5M
ShortGMX ZRO/USD [ETH-USDC]1.1581L +0.0292% / S −0.2341%get 0.0293% / 1h31m 40s$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: +0.001% → 0.000%
$0.05
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$448.7
Costs to cover
0.220%
Break-even
0.3 days
Slippage unknown: BingX: live order book, 7 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, 7 min ago2.59 bp9.2 bp −$912.8 bp −$12826.1 bp −$2,61348.9 bp −$24.5K
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
dYdX ZRO-USD+0.0010%1h1.1567−0.124%$21K$5K5xas long as short
Backpack ZRO_USDC_PERP+0.0061%1h1.1575−0.052%$93K$218K20xas long as short
Orderly PERP_ZRO_USDC+0.0063%4h1.1574−0.060%$20K$4K10xas long as short
Lighter ZRO+0.0096%1h1.1594+0.114%$4.3M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1574−0.060%$36.7M$5.5M5xas long as short
Aster ZROUSDT+0.0100%4h1.1575−0.053%$156K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1569−0.104%$136K$176K5xas long as short
Binance ZROUSDT+0.0100%4h1.1569−0.104%$21.6M$29.4M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1565−0.138%$17.7M$13.6M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1569−0.104%$3.1M$7.7M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1560−0.181%$1.3M$1.5M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1572−0.078%$19.0M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1566−0.130%$2.3M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1566−0.130%$2.6M$2.5M75xas long as short
BingX ZRO-USDTlong+0.0100%4h1.1581long leg$16.5M
Variational Omni ZRO+0.0100%4h1.1599+0.153%$2.2M$809Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1650+0.596%$39K$678K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1591+0.086%$101K$816K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1590+0.078%$20K3xas long as short
01 Exchange ZROUSD+0.0136%1h1.1590+0.079%$4K$5K5xas long as short
BloFin ZRO-USDT+0.0146%4h1.1567−0.121%$1.0M$247K75xas long as short
Nado ZRO-PERP+0.0185%1h1.1578−0.024%$1.3M$127K5xas long as short
GMX ZRO/USD [ETH-USDC]shortL +0.0292% / S −0.2341%1h1.1581+0.001%$3K100x
Kraken Futures PF_ZROUSD+0.0710%1h1.1579−0.016%$253K$336K25xas long as short
Extended ZRO-USD+0.0904%1h1.1564−0.146%$795K$625K10xas long as short
Injective ZRO/USDC PERP+0.1343%1h1.1670+0.769%$12K$260K12xas long as short