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−$46
spread now+0.193%7d average+0.106%fees + slippage, in and out−$55spread needed0.546%
Long on BybitShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZROUSDT1.19340.0100pay 0.0050% / 4h3h 30m$18.4M$17.6M50x
ShortHyperliquid ZRO1.19570.0721get 0.0090% / 1h30m 47s$39.3M$7.5M5x

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
$19.27
Funding while held
$18.62
Slippage, 4 orders
−$34.63
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$16.74
Spread needed to break even
0.546%
Slippage from Bybit: live order book, 4 min ago; Hyperliquid: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0621%
Per $10,000 a day
+$18.62
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, 4 min ago1.68 bp15.5 bp −$1541.1 bp −$411doesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago1.68 bp13.8 bp −$14doesn't fitdoesn't fitdoesn't fit

ZRO price on every exchange

against the cheapest. Click to use as the short leg.
ApeX Omni1.1900cheapestVariational Omni1.1908+0.069%Gate1.1910+0.084%Extended1.1919+0.162%BloFin1.1923+0.193%Nado1.1927+0.227%BingX1.1929+0.244%Bitget1.1930+0.252%Aster1.1931+0.259%
Bybit1.1934+0.286%
OKX1.1935+0.294%MEXC1.1935+0.294%KuCoin1.1935+0.294%Binance1.1936+0.301%dYdX1.1937+0.311%Pacifica1.1937+0.314%Backpack1.1941+0.345%Kraken Futures1.1943+0.361%Orderly1.1944+0.370%GMX1.1944+0.373%Aevo1.1945+0.377%Polymarket Perps1.1946+0.387%01 Exchange1.1947+0.396%Lighter1.1952+0.439%
Hyperliquid1.1957+0.479%
Injective1.1960+0.504%

ZRO on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni ZROUSDT−0.285%+0.0100%1h$37K$680K50xas long as short
Variational Omni ZRO−0.217%+0.0100%4h$2.3M$906K—as long as short
Gate ZRO_USDT−0.201%+0.0100%4h$1.4M$2.1M75xas long as short
Extended ZRO-USD−0.124%+0.0104%1h$795K$474K10xas long as short
BloFin ZRO-USDT−0.092%+0.0150%4h$1.1M$283K75xas long as short
Nado ZRO-PERP−0.059%+0.0351%1h$1.3M$122K5xas long as short
BingX ZRO-USDT−0.042%+0.0100%4h—$8.9M—as long as short
Bitget ZROUSDT−0.034%+0.0100%4h$2.8M$2.9M75xas long as short
Aster ZROUSDT−0.026%+0.0100%4h$161K$151K10xas long as short
Bybit ZROUSDTlong0.000%+0.0100%4h$18.4M$17.6M50x
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.008%+0.0100%4h$3.2M$8.0M20xas long as short
MEXC ZRO_USDT+0.008%+0.0100%4h$18.0M$3.9M125xas long as short
KuCoin ZROUSDTM+0.008%+0.0100%4h$2.5M$1.3M50xas long as short
Binance ZROUSDT+0.016%+0.0100%4h$22.9M$34.6M75xas long as short
dYdX ZRO-USD+0.025%+0.0070%1h$21K$1K5xas long as short
Pacifica ZRO+0.028%+0.0100%1h$144K$220K5xas long as short
Backpack ZRO_USDC_PERP+0.059%+0.0100%1h$90K$198K20xas long as short
Kraken Futures PF_ZROUSD+0.075%−0.0156%1h$265K$572K25xas long as short
Orderly PERP_ZRO_USDC+0.084%−0.0059%4h$21K$7K10xas long as short
GMX ZRO/USD [ETH-USDC]+0.087%L +0.0283% / S −0.2124%1h$3K—100xas long as short
Aevo ZRO-PERP+0.091%+0.0104%1h$21K—3xas long as short
Polymarket Perps ZRO-USD+0.101%+0.0100%1h$84K$847K5xas long as short
01 Exchange ZROUSD+0.110%+0.0232%1h$7K$3K5xas long as short
Lighter ZRO+0.153%+0.0264%1h$4.8M$1.3M5xas long as short
Hyperliquid ZROshort+0.193%+0.0721%1h$39.3M$7.5M5x
Injective ZRO/USDC PERP+0.218%+0.0456%1h$13K$147K12xas long as short