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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: ApeX Omni against Bitget+0.175%83s7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$740.736% 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)+0.036%+$4 · spread now +0.175%, 7d avg +0.046%
Together, before fees+0.035%+$3 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 0.129% dearer against Bitget than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.046%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ZROUSDT1.19790.0100pay 0.0050% / 4h3h 00m$2.8M$2.3M75x
ShortApeX Omni ZROUSDT1.20000.0100get 0.0013% / 1h0m 07s$40K$670K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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: +0.175% → +0.046%
$12.94
Slippage, 4 orders
−$51.62
Fee Bitget: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$60.68
Costs to cover
0.736%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; ApeX Omni: live order book, 33 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 Bitget live order book, 2 min ago3.76 bp19.0 bp −$1942.1 bp −$421doesn't fitdoesn't fit
Sell ApeX Omni live order book, 33 min ago8.44 bp17.1 bp −$17120.2 bp −$1,202doesn'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
01 Exchange ZROUSD−0.0288%1h1.1975−0.030%$4K$5K5xas long as short
dYdX ZRO-USD0.0000%1h1.2004+0.210%$22K$5K5xas long as short
Bybit ZROUSDT+0.0003%4h1.1966−0.109%$18.4M$12.6M50xas long as short
Orderly PERP_ZRO_USDC+0.0046%4h1.1986+0.058%$21K$4K10xas long as short
BloFin ZRO-USDT+0.0084%4h1.1960−0.159%$1.1M$152K75xas long as short
Lighter ZRO+0.0096%1h1.1999+0.167%$4.5M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1998+0.154%$38.0M$5.2M5xas long as short
Aster ZROUSDT+0.0100%4h1.2002+0.190%$162K$147K10xas long as short
Pacifica ZRO+0.0100%1h1.1988+0.077%$138K$161K5xas long as short
Binance ZROUSDT+0.0100%4h1.1979+0.001%$22.5M$28.6M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1981+0.017%$3.2M$7.9M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1990+0.092%$1.4M$1.3M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1983+0.033%$9.6M$2.9M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.2003+0.200%$2.5M$2.2M50xas long as short
Bitget ZROUSDTlong+0.0100%4h1.1979long leg$2.8M$2.3M75x
BingX ZRO-USDT+0.0100%4h1.19790.000%$21.6Mas long as short
Variational Omni ZRO+0.0100%4h1.1967−0.102%$2.3M$738Kas long as short
ApeX Omni ZROUSDTshort+0.0100%1h1.2000+0.175%$40K$670K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1997+0.150%$102K$789K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1980+0.008%$21K3xas long as short
Nado ZRO-PERP+0.0128%1h1.1989+0.086%$1.4M$120K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0295% / S −0.2341%1h1.2009+0.254%$3K100xas long as short
Extended ZRO-USD+0.0296%1h1.1978−0.005%$818K$646K10xas long as short
Backpack ZRO_USDC_PERP+0.0492%1h1.1990+0.092%$96K$217K20xas long as short
Kraken Futures PF_ZROUSD+0.0546%1h1.1998+0.157%$273K$290K25xas long as short
Injective ZRO/USDC PERP+0.1160%1h1.2040+0.509%$13K$258K12xas long as short