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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.006%
Price spread now: ApeX Omni against BloFin+0.035%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$800.805% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.010%+$1 on $10k
Price spread, last 4 days (all we have)+0.349%+$35 · spread now +0.035%, 7d avg +0.035%
Together, before fees+0.359%+$36 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ZRO-USDT1.15860.0098pay 0.0049% / 4h40m 07s$1.1M$246K75x
ShortApeX Omni ZROUSDT1.15900.0100get 0.0013% / 1h40m 07s$39K$673K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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
$0.44
Price spread: +0.035% → +0.035%
−$0.07
Slippage, 4 orders
−$58.45
Fee BloFin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$80.09
Costs to cover
0.805%
Break-even
1278.2 days
Slippage from BloFin: live order book, 2 min ago; ApeX Omni: live order book, 18 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 BloFin live order book, 2 min ago6.91 bp19.4 bp −$1933.4 bp −$334doesn't fitdoesn't fit
Sell ApeX Omni live order book, 18 min ago12.89 bp22.1 bp −$22127.8 bp −$1,278doesn'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-USD+0.0011%1h1.1611+0.214%$21K$4K5xas long as short
01 Exchange ZROUSD+0.0016%1h1.1623+0.318%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC+0.0037%4h1.1609+0.199%$20K$5K10xas long as short
Backpack ZRO_USDC_PERP+0.0085%1h1.1615+0.250%$108K$207K20xas long as short
Lighter ZRO+0.0096%1h1.1625+0.340%$4.3M$1.2M5xas long as short
BloFin ZRO-USDTlong+0.0098%4h1.1586long leg$1.1M$246K75x
Aster ZROUSDT+0.0100%4h1.1606+0.171%$156K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1610+0.204%$135K$178K5xas long as short
Binance ZROUSDT+0.0100%4h1.1597+0.091%$21.7M$29.8M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1596+0.086%$17.7M$13.9M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1599+0.112%$3.1M$7.9M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1600+0.121%$1.3M$1.5M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1608+0.190%$19.0M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1596+0.086%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1594+0.069%$2.6M$2.6M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1606+0.173%$16.5Mas long as short
Variational Omni ZRO+0.0100%4h1.1567−0.161%$2.2M$811Kas long as short
ApeX Omni ZROUSDTshort+0.0100%1h1.1590+0.035%$39K$673K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1616+0.259%$98K$844K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1605+0.164%$20K3xas long as short
Nado ZRO-PERP+0.0177%1h1.1614+0.243%$1.3M$125K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1609+0.199%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0383%1h1.1612+0.228%$255K$404K25xas long as short
Hyperliquid ZRO+0.0441%1h1.1615+0.250%$36.8M$5.5M5xas long as short
Injective ZRO/USDC PERP+0.1186%1h1.1640+0.466%$12K$260K12xas long as short
Extended ZRO-USD+0.1208%1h1.1609+0.201%$776K$590K10xas long as short