Spread before costs (cost unknown: a leg has no order-book sample)−0.171%
7d average—if it closes, per $10,000$17funding while held, a day−$11.13
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZRO | 1.1923 | 0.0375 | pay 0.0047% / 1h | 9m 55s | $39.2M | $7.4M | 5x |
| Short | dYdX ZRO-USD | 1.1903 | 0.0004 | get 0.0001% / 1h | 9m 55s | $21K | $870 | 5x |
Hyperliquid ZRO
dYdX 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
- −$17.07
- Funding while held
- −$11.13
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$47.2
- Spread needed to break even
- 0.190%
Slippage unknown: Hyperliquid: live order book, 5 min ago; dYdX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0371%
- Per $10,000 a day
- −$11.13
- 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 Hyperliquid live order book, 5 min ago | 1.26 bp | 12.7 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
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.Nado1.1889cheapestOKX1.1890+0.011%Gate1.1890+0.011%Bybit1.1891+0.020%Pacifica1.1893+0.039%KuCoin1.1894+0.045%BingX1.1894+0.045%Orderly1.1894+0.045%Binance1.1894+0.047%Aevo1.1894+0.048%Bitget1.1896+0.062%01 Exchange1.1896+0.065%MEXC1.1897+0.070%Extended1.1897+0.072%Variational Omni1.1898+0.078%Aster1.1899+0.085%BloFin1.1899+0.087%ApeX Omni1.1900+0.096%Kraken Futures1.1901+0.100%Backpack1.1902+0.112%Polymarket Perps1.1902+0.112%
Nado
OKX
Gate
Bybit
Pacifica
KuCoin
BingX
Orderly
Binance
Aevo
Bitget
MEXC
Extended
Variational Omni
Aster
BloFin
ApeX Omni
Kraken Futures
Backpack
Polymarket PerpsdYdX1.1903+0.118%
GMX1.1905+0.136%Lighter1.1914+0.211%Injective1.1920+0.264%
GMX
Lighter
InjectiveHyperliquid1.1923+0.289%
ZRO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado ZRO-PERP | −0.288% | +0.0307% | 1h | $1.3M | $120K | 5x | as long as short |
| OKX ZRO-USDT-SWAP | −0.277% | +0.0081% | 4h | $3.3M | $8.2M | 20x | as long as short |
| Gate ZRO_USDT | −0.277% | +0.0100% | 4h | $1.4M | $2.2M | 75x | as long as short |
| Bybit ZROUSDT | −0.268% | +0.0100% | 4h | $18.3M | $17.7M | 50x | as long as short |
| Pacifica ZRO | −0.250% | +0.0100% | 1h | $144K | $221K | 5x | as long as short |
| KuCoin ZROUSDTM | −0.243% | +0.0100% | 4h | $2.4M | $1.3M | 50x | as long as short |
| BingX ZRO-USDT | −0.243% | +0.0100% | 4h | — | $9.0M | — | as long as short |
| Orderly PERP_ZRO_USDC | −0.243% | −0.0077% | 4h | $21K | $7K | 10x | as long as short |
| Binance ZROUSDT | −0.242% | +0.0100% | 4h | $22.8M | $34.7M | 75x | as long as short |
| Aevo ZRO-PERP | −0.240% | +0.0104% | 1h | $21K | — | 3x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget ZROUSDT | −0.226% | +0.0100% | 4h | $2.7M | $3.0M | 75x | as long as short |
| 01 Exchange ZROUSD | −0.223% | −0.0080% | 1h | $7K | $3K | 5x | as long as short |
| MEXC ZRO_USDT | −0.218% | +0.0100% | 4h | $17.7M | $3.9M | 125x | as long as short |
| Extended ZRO-USD | −0.216% | +0.0104% | 1h | $795K | $473K | 10x | as long as short |
| Variational Omni ZRO | −0.210% | +0.0100% | 4h | $2.4M | $823K | — | as long as short |
| Aster ZROUSDT | −0.203% | +0.0100% | 4h | $134K | $107K | 10x | as long as short |
| BloFin ZRO-USDT | −0.201% | +0.0102% | 4h | $1.1M | $282K | 75x | as long as short |
| ApeX Omni ZROUSDT | −0.193% | +0.0100% | 1h | $37K | $680K | 50x | as long as short |
| Kraken Futures PF_ZROUSD | −0.188% | −0.0492% | 1h | $264K | $574K | 25x | as long as short |
| Backpack ZRO_USDC_PERP | −0.176% | +0.0100% | 1h | $92K | $195K | 20x | as long as short |
| Polymarket Perps ZRO-USD | −0.176% | +0.0100% | 1h | $83K | $831K | 5x | as long as short |
| dYdX ZRO-USDshort | −0.171% | +0.0004% | 1h | $21K | $870 | 5x | |
| GMX ZRO/USD [ETH-USDC] | −0.153% | L +0.0283% / S −0.2124% | 1h | $3K | — | 100x | as long as short |
| Lighter ZRO | −0.078% | +0.0096% | 1h | $4.8M | $1.3M | 5x | as long as short |
| Injective ZRO/USDC PERP | −0.025% | +0.1142% | 1h | $12K | $173K | 12x | as long as short |
| Hyperliquid ZROlong | 0.000% | +0.0375% | 1h | $39.2M | $7.4M | 5x |