Spread before costs (cost unknown: a leg has no order-book sample)+0.143%
7d average—if it closes, per $10,000$14funding while held, a day+$0.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZROUSDT | 1.1923 | 0.0100 | pay 0.0050% / 4h | 3m 56s | $18.4M | $17.8M | 50x |
| Short | Aevo ZRO-PERP | 1.1940 | 0.0104 | get 0.0013% / 1h | 3m 56s | $21K | — | 3x |
Bybit ZROUSDT
Aevo ZRO-PERPPrice 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
- $14.26
- Funding while held
- $0.12
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$12.62
- Spread needed to break even
- 0.270%
Slippage unknown: Bybit: live order book, 1 min ago; Aevo: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.12
- 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 Bybit live order book, 1 min ago | 1.26 bp | 13.6 bp −$14 | 45.0 bp −$450 | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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.Gate1.1920cheapest
GateBybit1.1923+0.025%
MEXC1.1925+0.042%Bitget1.1926+0.050%KuCoin1.1928+0.067%BingX1.1928+0.067%Extended1.1930+0.081%OKX1.1931+0.092%Binance1.1931+0.095%dYdX1.1933+0.108%Pacifica1.1933+0.113%Variational Omni1.1935+0.130%Nado1.1940+0.166%Aster1.1940+0.167%ApeX Omni1.1940+0.168%
MEXC
Bitget
KuCoin
BingX
Extended
OKX
Binance
dYdX
Pacifica
Variational Omni
Nado
Aster
ApeX OmniAevo1.1940+0.168%
01 Exchange1.1942+0.184%Polymarket Perps1.1942+0.185%Orderly1.1943+0.193%BloFin1.1944+0.201%GMX1.1946+0.220%Kraken Futures1.1947+0.223%Backpack1.1947+0.227%Hyperliquid1.1957+0.310%Lighter1.1958+0.320%Injective1.1980+0.503%
Polymarket Perps
Orderly
BloFin
GMX
Kraken Futures
Backpack
Hyperliquid
Lighter
InjectiveZRO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | −0.025% | +0.0100% | 4h | $1.4M | $2.2M | 75x | as long as short |
| Bybit ZROUSDTlong | 0.000% | +0.0100% | 4h | $18.4M | $17.8M | 50x | |
| MEXC ZRO_USDT | +0.017% | +0.0100% | 4h | $17.8M | $3.9M | 125x | as long as short |
| Bitget ZROUSDT | +0.025% | +0.0100% | 4h | $2.7M | $3.0M | 75x | as long as short |
| KuCoin ZROUSDTM | +0.042% | +0.0100% | 4h | $2.4M | $1.3M | 50x | as long as short |
| BingX ZRO-USDT | +0.042% | +0.0100% | 4h | — | $9.0M | — | as long as short |
| Extended ZRO-USD | +0.055% | +0.0104% | 1h | $795K | $473K | 10x | as long as short |
| OKX ZRO-USDT-SWAP | +0.067% | +0.0090% | 4h | $3.3M | $8.2M | 20x | as long as short |
| Binance ZROUSDT | +0.070% | +0.0100% | 4h | $22.9M | $34.8M | 75x | as long as short |
| dYdX ZRO-USD | +0.083% | +0.0004% | 1h | $21K | $1K | 5x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica ZRO | +0.088% | +0.0100% | 1h | $144K | $221K | 5x | as long as short |
| Variational Omni ZRO | +0.105% | +0.0100% | 4h | $2.4M | $823K | — | as long as short |
| Nado ZRO-PERP | +0.141% | +0.0286% | 1h | $1.3M | $120K | 5x | as long as short |
| Aster ZROUSDT | +0.142% | +0.0100% | 4h | $135K | $107K | 10x | as long as short |
| ApeX Omni ZROUSDT | +0.143% | +0.0100% | 1h | $37K | $679K | 50x | as long as short |
| Aevo ZRO-PERPshort | +0.143% | +0.0104% | 1h | $21K | — | 3x | |
| 01 Exchange ZROUSD | +0.159% | −0.0064% | 1h | $7K | $3K | 5x | as long as short |
| Polymarket Perps ZRO-USD | +0.159% | +0.0100% | 1h | $83K | $830K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.168% | −0.0071% | 4h | $21K | $7K | 10x | as long as short |
| BloFin ZRO-USDT | +0.176% | +0.0160% | 4h | $1.1M | $283K | 75x | as long as short |
| GMX ZRO/USD [ETH-USDC] | +0.195% | L +0.0383% / S −0.4219% | 1h | $6K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.197% | −0.0490% | 1h | $265K | $575K | 25x | as long as short |
| Backpack ZRO_USDC_PERP | +0.201% | +0.0100% | 1h | $92K | $195K | 20x | as long as short |
| Hyperliquid ZRO | +0.285% | +0.0391% | 1h | $39.3M | $7.5M | 5x | as long as short |
| Lighter ZRO | +0.294% | +0.0096% | 1h | $4.8M | $1.3M | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.478% | +0.1142% | 1h | $13K | $173K | 12x | as long as short |