Funding arb · Price arb /

ZRO

all ZRO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0101%/8h= −11.0% APRpaid last 24h −0.028%

Price spread now: dYdX against BloFin+0.049%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.049% dearer against BloFin than usual: you sell high and buy low (spread +0.049% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZRO-USDT	1.1751	0.0102	pay 0.0051% / 4h	3h 51m	$1.1M	$256K	75x
Short	dYdX ZRO-USD	1.1757	0.0002	get 0.0000% / 1h	51m 08s	$21K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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

Position, each leg$Hold fordaysFee BloFinbpFee dYdXbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$21.12
Price spread: +0.049% → 0.000%: $4.88
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$38.24
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 1 min ago; dYdX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 1 min ago	0.85 bp	13.9 bp −$14	33.4 bp −$334	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ZRO_USDT	−0.0298%	4h	1.1740	−0.094%	$1.3M	$1.5M	75x	as long as short
01 Exchange ZROUSD	−0.0176%	1h	1.1745	−0.049%	$7K	$3K	5x	as long as short
ApeX Omni ZROUSDT	−0.0065%	1h	1.1780	+0.247%	$37K	$688K	50x	as long as short
dYdX ZRO-USDshort	+0.0002%	1h	1.1757	+0.049%	$21K	$3K	5x
Orderly PERP_ZRO_USDC	+0.0012%	4h	1.1749	−0.017%	$21K	$7K	10x	as long as short
Lighter ZRO	+0.0096%	1h	1.1744	−0.062%	$4.4M	$1.5M	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1751	+0.003%	$37.2M	$5.9M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1760	+0.079%	$157K	$149K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1750	−0.009%	$136K	$172K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1732	−0.163%	$22.1M	$30.5M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZROUSDT	+0.0100%	4h	1.1716	−0.298%	$17.9M	$14.3M	50x	as long as short
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1727	−0.204%	$3.2M	$8.1M	20x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1739	−0.102%	$19.1M	$2.7M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1741	−0.085%	$2.4M	$1.9M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1724	−0.230%	$2.7M	$2.4M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1722	−0.247%	—	$10.7M	—	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1734	−0.147%	$2.3M	$874K	—	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1753	+0.017%	$91K	$830K	5x	as long as short
BloFin ZRO-USDTlong	+0.0102%	4h	1.1751	long leg	$1.1M	$256K	75x
Aevo ZRO-PERP	+0.0104%	1h	1.1750	−0.008%	$21K	—	3x	as long as short
Nado ZRO-PERP	+0.0240%	1h	1.1745	−0.049%	$1.3M	$123K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0291% / S −0.2341%	1h	1.1750	−0.011%	$3K	—	100x	as long as short
Kraken Futures PF_ZROUSD	+0.0302%	1h	1.1754	+0.025%	$252K	$412K	25x	as long as short
Backpack ZRO_USDC_PERP	+0.0427%	1h	1.1735	−0.136%	$99K	$206K	20x	as long as short
Injective ZRO/USDC PERP	+0.1190%	1h	1.1800	+0.417%	$12K	$260K	12x	as long as short
Extended ZRO-USD	+0.1488%	1h	1.1740	−0.096%	$784K	$589K	10x	as long as short