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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h +0.030%
Price spread now: Nado against BloFin−0.032%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$560.556% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.058%+$6 on $10k
Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.032%, 7d avg +0.021%
Together, before fees+0.184%+ Points / potential airdropNado: Active · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.053% cheaper against BloFin than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of +0.021%). If the spread goes back, that is −$5 on $10k: about 3.6 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ZRO-USDT1.16280.0051pay 0.0026% / 4h35m 14s$1.0M$202K75x
ShortNado ZRO-PERP1.16240.0100get 0.0012% / 1h35m 14s$1.3M$128K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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
$10.28
Price spread: −0.032% → +0.021%
−$5.29
Slippage, 4 orders
−$36.55
Fee BloFin: 6 bp × 2 orders
−$12
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$50.56
Costs to cover
0.556%
Break-even
41.4 days
Slippage from BloFin: live order book, 2 min ago; Nado: live order book, 3 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 ago1.72 bp17.8 bp −$1833.3 bp −$333doesn't fitdoesn't fit
Sell Nado live order book, 3 min ago1.71 bp12.0 bp −$1229.3 bp −$293doesn'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-USD0.0000%1h1.1639+0.097%$21K$5K5xas long as short
BloFin ZRO-USDTlong+0.0051%4h1.1628long leg$1.0M$202K75x
01 Exchange ZROUSD+0.0056%1h1.1623−0.044%$4K$5K5xas long as short
Orderly PERP_ZRO_USDC+0.0093%4h1.1627−0.009%$20K$4K10xas long as short
Lighter ZRO+0.0096%1h1.1651+0.197%$4.3M$1.2M5xas long as short
Nado ZRO-PERPshort+0.0100%1h1.1624−0.032%$1.3M$128K5x
Hyperliquid ZRO+0.0100%1h1.1635+0.060%$36.9M$5.3M5xas long as short
Aster ZROUSDT+0.0100%4h1.1640+0.106%$157K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1626−0.018%$137K$171K5xas long as short
Binance ZROUSDT+0.0100%4h1.1625−0.028%$21.7M$28.9M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ZROUSDT+0.0100%4h1.1620−0.069%$17.8M$13.1M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1626−0.017%$3.2M$7.6M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1640+0.103%$1.3M$1.4M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1627−0.009%$19.1M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1633+0.043%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1619−0.077%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1629+0.009%$21.8Mas long as short
Variational Omni ZRO+0.0100%4h1.1618−0.084%$2.3M$771Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1650+0.189%$39K$668K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1633+0.043%$98K$813K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1625−0.022%$21K3xas long as short
Backpack ZRO_USDC_PERP+0.0190%1h1.1634+0.052%$94K$214K20xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1627−0.008%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0433%1h1.1646+0.159%$253K$298K25xas long as short
Extended ZRO-USD+0.0648%1h1.1623−0.041%$797K$647K10xas long as short
Injective ZRO/USDC PERP+0.1271%1h1.1710+0.705%$12K$261K12xas long as short