Spread before costs (cost unknown: a leg has no order-book sample)+0.063%
7d average—if it closes, per $10,000$6funding while held, a day+$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ZRO-USD | 1.2108 | 0 | get 0.0000% / 1h | 40m 33s | $22K | $419 | 5x |
| Short | Polymarket Perps ZRO-USD | 1.2116 | 0.0100 | get 0.0013% / 1h | 40m 33s | $86K | $853K | 5x |
dYdX ZRO-USD
Polymarket Perps ZRO-USDPrice 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
- $6.3
- Funding while held
- $3
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$8.7
- Spread needed to break even
- 0.180%
Slippage unknown: dYdX: no order-book sample; Polymarket Perps: live order book, 14 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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 dYdX no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 14 min ago | 5.38 bp | 9.4 bp −$9 | 20.7 bp −$207 | doesn't fit | doesn't fit |
dYdX: 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.Variational Omni1.2103cheapestBybit1.2104+0.008%Bitget1.2104+0.008%Extended1.2107+0.029%BingX1.2107+0.033%
Variational Omni
Bybit
Bitget
Extended
BingXdYdX1.2108+0.044%
Gate1.2110+0.058%ApeX Omni1.2110+0.058%Binance1.2111+0.066%Pacifica1.2112+0.070%OKX1.2112+0.074%KuCoin1.2113+0.082%MEXC1.2115+0.099%
Gate
ApeX Omni
Binance
Pacifica
OKX
KuCoin
MEXCPolymarket Perps1.2116+0.107%
Nado1.2118+0.123%Hyperliquid1.2122+0.157%Aster1.2123+0.166%Orderly1.2125+0.181%Aevo1.2125+0.184%GMX1.2125+0.184%Lighter1.2126+0.186%Backpack1.2127+0.198%BloFin1.2129+0.215%Kraken Futures1.2131+0.231%Injective1.2160+0.471%
Nado
Hyperliquid
Aster
Orderly
Aevo
GMX
Lighter
Backpack
BloFin
Kraken Futures
InjectiveZRO on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni ZRO | −0.044% | +0.0100% | 4h | $2.4M | $769K | — | as long as short |
| Bybit ZROUSDT | −0.036% | +0.0100% | 4h | $18.8M | $17.1M | 50x | as long as short |
| Bitget ZROUSDT | −0.036% | +0.0100% | 4h | $2.8M | $2.9M | 75x | as long as short |
| Extended ZRO-USD | −0.015% | +0.0576% | 1h | $808K | $461K | 10x | as long as short |
| BingX ZRO-USDT | −0.011% | +0.0100% | 4h | — | $8.6M | — | as long as short |
| dYdX ZRO-USDlong | 0.000% | 0.0000% | 1h | $22K | $419 | 5x | |
| Gate ZRO_USDT | +0.013% | +0.0100% | 4h | $1.4M | $2.1M | 75x | as long as short |
| ApeX Omni ZROUSDT | +0.013% | +0.0100% | 1h | $39K | $677K | 50x | as long as short |
| Binance ZROUSDT | +0.022% | +0.0100% | 4h | $23.2M | $33.7M | 75x | as long as short |
| Pacifica ZRO | +0.026% | +0.0100% | 1h | $147K | $218K | 5x | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.030% | −0.0060% | 4h | $3.3M | $8.2M | 20x | as long as short |
| KuCoin ZROUSDTM | +0.038% | +0.0100% | 4h | $2.6M | $1.3M | 50x | as long as short |
| MEXC ZRO_USDT | +0.055% | +0.0100% | 4h | $17.7M | $3.8M | 125x | as long as short |
| Polymarket Perps ZRO-USDshort | +0.063% | +0.0100% | 1h | $86K | $853K | 5x | |
| Nado ZRO-PERP | +0.079% | +0.0287% | 1h | $1.4M | $108K | 5x | as long as short |
| Hyperliquid ZRO | +0.113% | +0.0100% | 1h | $40.0M | $7.2M | 5x | as long as short |
| Aster ZROUSDT | +0.122% | +0.0100% | 4h | $137K | $103K | 10x | as long as short |
| Orderly PERP_ZRO_USDC | +0.137% | −0.0110% | 4h | $21K | $7K | 10x | as long as short |
| Aevo ZRO-PERP | +0.139% | +0.0104% | 1h | $21K | — | 3x | as long as short |
| GMX ZRO/USD [ETH-USDC] | +0.140% | L +0.0408% / S −0.4670% | 1h | $6K | — | 100x | as long as short |
| Lighter ZRO | +0.141% | +0.0096% | 1h | $4.9M | $1.2M | 5x | as long as short |
| Backpack ZRO_USDC_PERP | +0.154% | +0.0100% | 1h | $89K | $179K | 20x | as long as short |
| BloFin ZRO-USDT | +0.170% | +0.0040% | 4h | $1.1M | $285K | 75x | as long as short |
| Kraken Futures PF_ZROUSD | +0.186% | −0.0952% | 1h | $272K | $570K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.426% | +0.0032% | 1h | $13K | $146K | 12x | as long as short |