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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h −0.011%
Price spread now: Polymarket Perps against BloFin+0.060%105s7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$470.471% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.122%−$12 on $10k
Price spread, last 3 days (all we have)+0.161%+$16 · spread now +0.060%, 7d avg +0.066%
Together, before fees+0.039%+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.066%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.122%, so the current rate has only just turned in your favour. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ZRO-USDT1.17530.0049pay 0.0024% / 4h19m 14s$1.1M$256K75x
ShortPolymarket Perps ZRO-USD1.17600.0100get 0.0013% / 1h19m 14s$94K$825K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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
$10.73
Price spread: +0.060% → +0.066%
−$0.6
Slippage, 4 orders
−$27.07
Fee BloFin: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$36.93
Costs to cover
0.471%
Break-even
31.1 days
Slippage from BloFin: live order book, 3 min ago; Polymarket Perps: live order book, 19 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, 3 min ago0.43 bp12.8 bp −$1327.7 bp −$277doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 19 min ago1.27 bp10.4 bp −$1012.3 bp −$123doesn'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−0.0168%1h1.1753−0.002%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC+0.0013%4h1.17530.000%$21K$7K10xas long as short
BloFin ZRO-USDTlong+0.0049%4h1.1753long leg$1.1M$256K75x
Lighter ZRO+0.0096%1h1.1760+0.057%$4.4M$1.5M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1762+0.077%$37.3M$6.2M5xas long as short
Aster ZROUSDT+0.0100%4h1.1761+0.072%$157K$153K10xas long as short
Pacifica ZRO+0.0100%1h1.1750−0.026%$136K$175K5xas long as short
Binance ZROUSDT+0.0100%4h1.1749−0.035%$22.1M$31.2M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1750−0.026%$17.9M$14.6M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1758+0.043%$3.2M$8.3M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1750−0.026%$1.3M$1.8M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1749−0.034%$19.1M$2.8M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1745−0.068%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1745−0.068%$2.7M$2.4M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1752−0.009%$10.7Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1761+0.068%$100K$207K20xas long as short
Variational Omni ZRO+0.0100%4h1.1751−0.018%$2.3M$879Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1750−0.026%$37K$688K50xas long as short
Polymarket Perps ZRO-USDshort+0.0100%1h1.1760+0.060%$94K$825K5x
Aevo ZRO-PERP+0.0104%1h1.1750−0.026%$21K3xas long as short
dYdX ZRO-USD+0.0117%1h1.1754+0.009%$21K$2K5xas long as short
Kraken Futures PF_ZROUSD+0.0133%1h1.1767+0.115%$252K$434K25xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0291% / S −0.2341%1h1.1754+0.009%$3K100xas long as short
Nado ZRO-PERP+0.0329%1h1.1754+0.010%$1.3M$125K5xas long as short
Injective ZRO/USDC PERP+0.1159%1h1.1790+0.315%$12K$260K12xas long as short
Extended ZRO-USD+0.2024%1h1.1748−0.043%$784K$610K10xas long as short