Spread before costs (cost unknown: a leg has no order-book sample)−0.067%
7d average—if it closes, per $10,000$7funding while held, a day−$5.31
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ZROUSDT | 1.1902 | 0.0100 | pay 0.0050% / 4h | 9m 44s | $2.7M | $3.0M | 75x |
| Short | Orderly PERP_ZRO_USDC | 1.1894 | −0.0077 | pay 0.0039% / 4h | 9m 44s | $21K | $7K | 10x |
Bitget ZROUSDT
Orderly PERP_ZRO_USDCPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$6.72
- Funding while held
- −$5.31
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$30.03
- Spread needed to break even
- 0.180%
Slippage unknown: Bitget: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0177%
- Per $10,000 a day
- −$5.31
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, 4 min ago | 2.94 bp | 19.7 bp −$20 | 34.2 bp −$342 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 price on every exchange
against the cheapest. Click to use as the short leg.Bybit1.1888cheapestNado1.1889+0.005%Gate1.1890+0.017%OKX1.1893+0.042%KuCoin1.1894+0.050%
Bybit
Nado
Gate
OKX
KuCoinOrderly1.1894+0.050%
Aevo1.1894+0.054%Binance1.1896+0.069%Variational Omni1.1898+0.084%Pacifica1.1899+0.088%Extended1.1899+0.090%BingX1.1899+0.093%BloFin1.1899+0.093%Aster1.1900+0.098%MEXC1.1900+0.101%ApeX Omni1.1900+0.101%Kraken Futures1.1901+0.106%
Aevo
Binance
Variational Omni
Pacifica
Extended
BingX
BloFin
Aster
MEXC
ApeX Omni
Kraken FuturesBitget1.1902+0.118%
Backpack1.1902+0.118%Polymarket Perps1.1902+0.118%dYdX1.1903+0.123%GMX1.1905+0.141%01 Exchange1.1907+0.157%Lighter1.1918+0.253%Injective1.1920+0.269%Hyperliquid1.1923+0.294%
Backpack
Polymarket Perps
dYdX
GMX
Lighter
Injective
HyperliquidZRO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit ZROUSDT | −0.118% | +0.0100% | 4h | $18.3M | $17.7M | 50x | as long as short |
| Nado ZRO-PERP | −0.112% | +0.0307% | 1h | $1.3M | $120K | 5x | as long as short |
| Gate ZRO_USDT | −0.101% | +0.0100% | 4h | $1.4M | $2.2M | 75x | as long as short |
| OKX ZRO-USDT-SWAP | −0.076% | +0.0081% | 4h | $3.3M | $8.2M | 20x | as long as short |
| KuCoin ZROUSDTM | −0.067% | +0.0100% | 4h | $2.4M | $1.3M | 50x | as long as short |
| Orderly PERP_ZRO_USDCshort | −0.067% | −0.0077% | 4h | $21K | $7K | 10x | |
| Aevo ZRO-PERP | −0.064% | +0.0104% | 1h | $21K | — | 3x | as long as short |
| Binance ZROUSDT | −0.049% | +0.0100% | 4h | $22.8M | $34.7M | 75x | as long as short |
| Variational Omni ZRO | −0.034% | +0.0100% | 4h | $2.4M | $823K | — | as long as short |
| Pacifica ZRO | −0.029% | +0.0100% | 1h | $144K | $221K | 5x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended ZRO-USD | −0.027% | +0.0104% | 1h | $795K | $473K | 10x | as long as short |
| BingX ZRO-USDT | −0.025% | +0.0100% | 4h | — | $9.0M | — | as long as short |
| BloFin ZRO-USDT | −0.025% | +0.0102% | 4h | $1.1M | $282K | 75x | as long as short |
| Aster ZROUSDT | −0.020% | +0.0100% | 4h | $134K | $107K | 10x | as long as short |
| MEXC ZRO_USDT | −0.017% | +0.0100% | 4h | $17.7M | $3.9M | 125x | as long as short |
| ApeX Omni ZROUSDT | −0.017% | +0.0100% | 1h | $37K | $680K | 50x | as long as short |
| Kraken Futures PF_ZROUSD | −0.012% | −0.0492% | 1h | $264K | $574K | 25x | as long as short |
| Bitget ZROUSDTlong | 0.000% | +0.0100% | 4h | $2.7M | $3.0M | 75x | |
| Backpack ZRO_USDC_PERP | 0.000% | +0.0100% | 1h | $92K | $195K | 20x | as long as short |
| Polymarket Perps ZRO-USD | 0.000% | +0.0100% | 1h | $83K | $831K | 5x | as long as short |
| dYdX ZRO-USD | +0.005% | +0.0004% | 1h | $21K | $870 | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | +0.023% | L +0.0283% / S −0.2124% | 1h | $3K | — | 100x | as long as short |
| 01 Exchange ZROUSD | +0.039% | −0.0080% | 1h | $7K | $3K | 5x | as long as short |
| Lighter ZRO | +0.135% | +0.0096% | 1h | $4.8M | $1.3M | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.151% | +0.1142% | 1h | $12K | $173K | 12x | as long as short |
| Hyperliquid ZRO | +0.176% | +0.0375% | 1h | $39.2M | $7.4M | 5x | as long as short |