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−$133
spread now−0.170%7d average+0.007%fees + slippage, in and out−$115spread needed1.151%
Long on HyperliquidShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ZRO1.21860.0276pay 0.0034% / 1h52m 18s$40.2M$7.3M5x
ShortKraken Futures PF_ZROUSD1.2165−0.0482pay 0.0060% / 1h52m 18s$270K$574K25x

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
−$17.03
Funding while held
−$22.72
Slippage, 4 orders
−$96.11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$154.86
Spread needed to break even
1.151%
Slippage from Hyperliquid: live order book, 12 min ago; Kraken Futures: live order book, 62 min ago.

Cost of waiting

funding view
Funding /8h
−0.0757%
Per $10,000 a day
−$22.72
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 Hyperliquid live order book, 12 min ago1.24 bp10.9 bp −$11doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 62 min ago25.22 bp51.5 bp −$52172.1 bp −$1,721doesn't fitdoesn't fit

ZRO price on every exchange

against the cheapest. Click to use as the short leg.
Injective1.2090cheapestVariational Omni1.2123+0.270%BloFin1.2136+0.380%OKX1.2152+0.513%Aevo1.2155+0.538%Extended1.2156+0.546%Gate1.2160+0.579%ApeX Omni1.2160+0.579%Bybit1.2162+0.596%BingX1.2162+0.596%Bitget1.2163+0.604%Binance1.2163+0.608%01 Exchange1.2165+0.620%
Kraken Futures1.2165+0.622%
GMX1.2166+0.628%dYdX1.2166+0.631%Nado1.2166+0.631%Orderly1.2167+0.637%MEXC1.2168+0.645%Backpack1.2169+0.653%Aster1.2169+0.656%Pacifica1.2171+0.666%KuCoin1.2173+0.687%Polymarket Perps1.2176+0.711%Lighter1.2185+0.782%
Hyperliquid1.2186+0.794%

ZRO on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ZRO/USDC PERP−0.788%+0.1142%1h$13K$173K12xas long as short
Variational Omni ZRO−0.520%+0.0100%4h$2.4M$811K—as long as short
BloFin ZRO-USDT−0.410%+0.0062%4h$1.1M$288K75xas long as short
OKX ZRO-USDT-SWAP−0.279%−0.0013%4h$3.3M$8.3M20xas long as short
Aevo ZRO-PERP−0.254%+0.0104%1h$21K—3xas long as short
Extended ZRO-USD−0.246%+0.0104%1h$814K$465K10xas long as short
Gate ZRO_USDT−0.213%+0.0100%4h$1.4M$2.1M75xas long as short
ApeX Omni ZROUSDT−0.213%+0.0100%1h$38K$676K50xas long as short
Bybit ZROUSDT−0.197%+0.0100%4h$18.8M$17.3M50xas long as short
BingX ZRO-USDT−0.197%+0.0100%4h—$8.6M—as long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget ZROUSDT−0.189%+0.0100%4h$2.8M$2.9M75xas long as short
Binance ZROUSDT−0.185%+0.0100%4h$23.3M$34.1M75xas long as short
01 Exchange ZROUSD−0.173%−0.0216%1h$7K$3K5xas long as short
Kraken Futures PF_ZROUSDshort−0.170%−0.0482%1h$270K$574K25x
GMX ZRO/USD [ETH-USDC]−0.164%L +0.0286% / S −0.2124%1h$3K—100xas long as short
dYdX ZRO-USD−0.162%+0.0001%1h$22K$7595xas long as short
Nado ZRO-PERP−0.162%+0.0402%1h$1.4M$118K5xas long as short
Orderly PERP_ZRO_USDC−0.156%−0.0098%4h$21K$7K10xas long as short
MEXC ZRO_USDT−0.148%+0.0100%4h$18.0M$3.8M125xas long as short
Backpack ZRO_USDC_PERP−0.140%+0.0370%1h$92K$188K20xas long as short
Aster ZROUSDT−0.137%+0.0100%4h$138K$105K10xas long as short
Pacifica ZRO−0.127%+0.0100%1h$147K$220K5xas long as short
KuCoin ZROUSDTM−0.107%+0.0100%4h$2.6M$1.3M50xas long as short
Polymarket Perps ZRO-USD−0.082%+0.0100%1h$86K$834K5xas long as short
Lighter ZRO−0.011%+0.0096%1h$4.9M$1.3M5xas long as short
Hyperliquid ZROlong0.000%+0.0276%1h$40.2M$7.3M5x