After costs, if the gap returns to its 7d average, $10k−$97
spread now−0.403%7d average−0.069%fees + slippage, in and out−$64spread needed0.637%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZRO | 1.1908 | 0.0730 | pay 0.0091% / 1h | 25m 05s | $39.2M | $7.5M | 5x |
| Short | OKX ZRO-USDT-SWAP | 1.1860 | 0.0100 | get 0.0050% / 4h | 3h 25m | $3.2M | $8.0M | 20x |
Price 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
- −$40.31
- Funding while held
- −$18.89
- Slippage, 4 orders
- −$44.75
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$122.95
- Spread needed to break even
- 0.637%
Slippage from Hyperliquid: live order book, 10 min ago; OKX: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0630%
- Per $10,000 a day
- −$18.89
- 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, 10 min ago | 1.68 bp | 11.7 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.52 bp | 18.3 bp −$18 | 97.1 bp −$971 | doesn't fit | doesn't fit |
ZRO price on every exchange
against the cheapest. Click to use as the short leg.ZRO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit ZROUSDT | −0.479% | −0.0034% | 4h | $18.3M | $17.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAPshort | −0.403% | +0.0100% | 4h | $3.2M | $8.0M | 20x | |
| Bitget ZROUSDT | −0.403% | +0.0100% | 4h | $2.7M | $2.8M | 75x | as long as short |
| Binance ZROUSDT | −0.309% | +0.0100% | 4h | $22.8M | $34.5M | 75x | as long as short |
| BloFin ZRO-USDT | −0.126% | +0.0092% | 4h | $1.1M | $282K | 75x | as long as short |
| MEXC ZRO_USDT | −0.118% | +0.0100% | 4h | $17.9M | $3.9M | 125x | as long as short |
| Backpack ZRO_USDC_PERP | −0.118% | +0.0100% | 1h | $90K | $198K | 20x | as long as short |
| BingX ZRO-USDT | −0.101% | +0.0100% | 4h | — | $8.9M | — | as long as short |
| Variational Omni ZRO | −0.045% | +0.0100% | 4h | $2.3M | $906K | — | as long as short |
| Hyperliquid ZROlong | 0.000% | +0.0730% | 1h | $39.2M | $7.5M | 5x |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended ZRO-USD | +0.010% | +0.0104% | 1h | $795K | $474K | 10x | as long as short |
| Gate ZRO_USDT | +0.017% | +0.0100% | 4h | $1.4M | $2.1M | 75x | as long as short |
| Aevo ZRO-PERP | +0.017% | +0.0104% | 1h | $21K | — | 3x | as long as short |
| Kraken Futures PF_ZROUSD | +0.035% | −0.0157% | 1h | $264K | $572K | 25x | as long as short |
| GMX ZRO/USD [ETH-USDC] | +0.045% | L +0.0283% / S −0.2124% | 1h | $3K | — | 100x | as long as short |
| Lighter ZRO | +0.066% | +0.0296% | 1h | $4.8M | $1.3M | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.067% | −0.0058% | 4h | $21K | $7K | 10x | as long as short |
| KuCoin ZROUSDTM | +0.092% | +0.0100% | 4h | $2.5M | $1.3M | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.109% | +0.0100% | 1h | $83K | $844K | 5x | as long as short |
| Aster ZROUSDT | +0.131% | +0.0100% | 4h | $161K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.133% | +0.0100% | 1h | $144K | $219K | 5x | as long as short |
| Nado ZRO-PERP | +0.173% | +0.0359% | 1h | $1.3M | $121K | 5x | as long as short |
| 01 Exchange ZROUSD | +0.228% | +0.0240% | 1h | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | +0.258% | +0.0070% | 1h | $21K | $1K | 5x | as long as short |
| ApeX Omni ZROUSDT | +0.437% | +0.0100% | 1h | $38K | $681K | 50x | as long as short |
| Injective ZRO/USDC PERP | +0.857% | +0.0456% | 1h | $13K | $147K | 12x | as long as short |
Hyperliquid ZRO
OKX ZRO-USDT-SWAP
Bybit
Bitget
Binance
BloFin
MEXC
Backpack
BingX
Variational Omni
Extended
Gate
Kraken Futures
GMX
Lighter
KuCoin
Polymarket Perps
Aster
Pacifica
ApeX Omni
Injective