data as of
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Price arb /

ZRO

all ZRO markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$33
spread now+0.169%7d average+0.050%fees + slippage, in and out−$45spread needed0.448%
Long on BybitShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZROUSDT1.1805−0.0021get 0.0011% / 4h58m 18s$18.2M$17.0M50x
ShortBackpack ZRO_USDC_PERP1.18250.0100get 0.0013% / 1h58m 18s$89K$202K20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$16.94
Funding while held
$3.64
Slippage, 4 orders
−$23.79
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$24.21
Spread needed to break even
0.448%
Slippage from Bybit: live order book, 2 min ago; Backpack: live order book, 36 min ago.

Cost of waiting

funding view
Funding /8h
+0.0121%
Per $10,000 a day
+$3.64
Average in range /8h
—

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, 2 min ago1.27 bp15.5 bp −$1642.3 bp −$423doesn't fitdoesn't fit
Sell Backpack live order book, 36 min ago0.42 bp6.3 bp −$6doesn't fitdoesn't fitdoesn't fit

ZRO price on every exchange

against the cheapest. Click to use as the short leg.
Bybit1.1805cheapest
01 Exchange1.1806+0.006%Bitget1.1807+0.017%Extended1.1807+0.017%OKX1.1808+0.025%Binance1.1810+0.042%Gate1.1810+0.042%MEXC1.1810+0.042%Aevo1.1810+0.042%BingX1.1811+0.051%Nado1.1811+0.054%KuCoin1.1812+0.059%Variational Omni1.1812+0.062%Orderly1.1814+0.076%Pacifica1.1816+0.091%Polymarket Perps1.1821+0.136%GMX1.1822+0.142%Hyperliquid1.1822+0.144%dYdX1.1825+0.168%
Backpack1.1825+0.169%
BloFin1.1825+0.169%Aster1.1828+0.195%ApeX Omni1.1830+0.212%Kraken Futures1.1837+0.268%Lighter1.1846+0.349%Injective1.1860+0.466%

ZRO on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit ZROUSDTlong0.000%−0.0021%4h$18.2M$17.0M50x
01 Exchange ZROUSD+0.006%−0.0392%1h$7K$3K5xas long as short
Bitget ZROUSDT+0.017%+0.0100%4h$2.7M$2.7M75xas long as short
Extended ZRO-USD+0.017%+0.0104%1h$784K$563K10xas long as short
OKX ZRO-USDT-SWAP+0.025%−0.0280%4h$3.2M$8.2M20xas long as short
Binance ZROUSDT+0.042%+0.0100%4h$22.4M$35.5M75xas long as short
Gate ZRO_USDT+0.042%+0.0100%4h$1.4M$2.1M75xas long as short
MEXC ZRO_USDT+0.042%+0.0100%4h$18.1M$3.8M125xas long as short
Aevo ZRO-PERP+0.042%+0.0104%1h$21K—3xas long as short
BingX ZRO-USDT+0.051%+0.0100%4h—$9.1M—as long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Nado ZRO-PERP+0.054%+0.0382%1h$1.3M$134K5xas long as short
KuCoin ZROUSDTM+0.059%+0.0100%4h$2.6M$1.5M50xas long as short
Variational Omni ZRO+0.062%+0.0033%4h$2.3M$900K—as long as short
Orderly PERP_ZRO_USDC+0.076%+0.0004%4h$21K$7K10xas long as short
Pacifica ZRO+0.091%+0.0100%1h$142K$210K5xas long as short
Polymarket Perps ZRO-USD+0.136%+0.0100%1h$79K$916K5xas long as short
GMX ZRO/USD [ETH-USDC]+0.142%L +0.0293% / S −0.2341%1h$3K—100xas long as short
Hyperliquid ZRO+0.144%+0.0100%1h$37.7M$8.4M5xas long as short
dYdX ZRO-USD+0.168%0.0000%1h$21K$2K5xas long as short
Backpack ZRO_USDC_PERPshort+0.169%+0.0100%1h$89K$202K20x
BloFin ZRO-USDT+0.169%+0.0157%4h$1.1M$275K75xas long as short
Aster ZROUSDT+0.195%+0.0100%4h$158K$160K10xas long as short
ApeX Omni ZROUSDT+0.212%+0.0100%1h$37K$677K50xas long as short
Kraken Futures PF_ZROUSD+0.268%−0.0162%1h$258K$569K25xas long as short
Lighter ZRO+0.349%+0.0256%1h$4.8M$1.1M5xas long as short
Injective ZRO/USDC PERP+0.466%+0.1041%1h$12K$97K12xas long as short