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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Bybit−0.161%7-day average +0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$780.781% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.012%+$1 on $10k
Price spread, last 3 days (all we have)+0.265%+$26 · spread now −0.161%, 7d avg +0.064%
Together, before fees+0.277%+$28 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.225% cheaper against Bybit than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.064%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZROUSDT1.18190.0100pay 0.0050% / 4h3h 25m$18.1M$14.1M50x
ShortApeX Omni ZROUSDT1.18000.0100get 0.0013% / 1h25m 21s$37K$688K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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
Price spread: −0.161% → +0.064%
−$22.45
Slippage, 4 orders
−$57.1
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$100.56
Costs to cover
0.781%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; ApeX Omni: live order book, 48 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 Bybit live order book, 3 min ago1.27 bp15.0 bp −$1535.5 bp −$355doesn't fitdoesn't fit
Sell ApeX Omni live order book, 48 min ago12.78 bp21.7 bp −$22119.4 bp −$1,194doesn'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−0.0072%1h1.1823+0.037%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC+0.0012%4h1.1828+0.076%$21K$6K10xas long as short
BloFin ZRO-USDT+0.0093%4h1.1830+0.093%$1.1M$255K75xas long as short
Lighter ZRO+0.0096%1h1.1839+0.172%$4.4M$1.5M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1829+0.085%$37.5M$5.8M5xas long as short
Aster ZROUSDT+0.0100%4h1.1837+0.150%$158K$149K10xas long as short
Pacifica ZRO+0.0100%1h1.1828+0.079%$137K$170K5xas long as short
Binance ZROUSDT+0.0100%4h1.1825+0.052%$22.2M$30.2M75xas long as short
Bybit ZROUSDTlong+0.0100%4h1.1819long leg$18.1M$14.1M50x
OKX ZRO-USDT-SWAP+0.0100%4h1.1831+0.102%$3.2M$8.1M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1820+0.008%$1.4M$1.5M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1824+0.042%$19.2M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1817−0.017%$2.4M$1.9M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1817−0.017%$2.7M$2.4M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1827+0.068%$14.7Mas long as short
Variational Omni ZRO+0.0100%4h1.1824+0.038%$2.3M$854Kas long as short
ApeX Omni ZROUSDTshort+0.0100%1h1.1800−0.161%$37K$688K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1828+0.076%$92K$828K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1825+0.051%$21K3xas long as short
dYdX ZRO-USD+0.0246%1h1.1824+0.042%$21K$3K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1825+0.052%$3K100xas long as short
Nado ZRO-PERP+0.0295%1h1.1822+0.027%$1.3M$129K5xas long as short
Kraken Futures PF_ZROUSD+0.0300%1h1.1844+0.211%$254K$410K25xas long as short
Backpack ZRO_USDC_PERP+0.0379%1h1.1836+0.144%$100K$204K20xas long as short
Injective ZRO/USDC PERP+0.1190%1h1.1870+0.432%$12K$260K12xas long as short
Extended ZRO-USD+0.1352%1h1.1830+0.092%$788K$589K10xas long as short