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−$96
spread now+0.356%7d average+0.087%fees + slippage, in and out−$123spread needed1.226%
Long on Kraken FuturesShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ZROUSD1.17700.0097pay 0.0012% / 1h51m 20s$260K$573K25x
ShortLighter ZRO1.18120.0656get 0.0082% / 1h51m 20s$4.7M$1.3M5x

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
$35.63
Funding while held
$16.76
Slippage, 4 orders
−$112.62
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$70.23
Spread needed to break even
1.226%
Slippage from Kraken Futures: live order book, 53 min ago; Lighter: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
+0.0559%
Per $10,000 a day
+$16.76
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 Kraken Futures live order book, 53 min ago22.53 bp42.0 bp −$42doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 3 min ago3.78 bp5.0 bp −$583.0 bp −$830doesn't fitdoesn't fit

ZRO price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni1.1729cheapestBloFin1.1756+0.230%ApeX Omni1.1760+0.264%Backpack1.1764+0.298%
Kraken Futures1.1770+0.346%
Extended1.1781+0.443%Pacifica1.1785+0.480%dYdX1.1786+0.482%Aster1.1788+0.503%Nado1.1788+0.504%KuCoin1.1792+0.537%Bitget1.1792+0.537%Bybit1.1799+0.597%BingX1.1799+0.597%Gate1.1800+0.605%Injective1.1800+0.605%MEXC1.1801+0.614%OKX1.1804+0.639%Binance1.1805+0.647%Polymarket Perps1.1809+0.682%Orderly1.1809+0.682%01 Exchange1.1811+0.703%
Lighter1.1812+0.704%
Aevo1.1813+0.713%Hyperliquid1.1814+0.724%GMX1.1815+0.732%

ZRO on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni ZRO−0.345%+0.0100%4h$2.2M$904K—as long as short
BloFin ZRO-USDT−0.116%+0.0047%4h$1.1M$275K75xas long as short
ApeX Omni ZROUSDT−0.082%+0.0100%1h$37K$681K50xas long as short
Backpack ZRO_USDC_PERP−0.048%−0.0508%1h$89K$202K20xas long as short
Kraken Futures PF_ZROUSDlong0.000%+0.0097%1h$260K$573K25x
Extended ZRO-USD+0.096%+0.0104%1h$777K$530K10xas long as short
Pacifica ZRO+0.133%+0.0100%1h$142K$220K5xas long as short
dYdX ZRO-USD+0.135%+0.0018%1h$21K$1K5xas long as short
Aster ZROUSDT+0.156%+0.0100%4h$158K$156K10xas long as short
Nado ZRO-PERP+0.157%+0.0308%1h$1.3M$133K5xas long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin ZROUSDTM+0.190%+0.0100%4h$2.5M$1.5M50xas long as short
Bitget ZROUSDT+0.190%+0.0100%4h$2.7M$2.8M75xas long as short
Bybit ZROUSDT+0.249%+0.0100%4h$18.3M$17.7M50xas long as short
BingX ZRO-USDT+0.249%+0.0100%4h—$9.0M—as long as short
Gate ZRO_USDT+0.258%+0.0100%4h$1.4M$2.1M75xas long as short
Injective ZRO/USDC PERP+0.258%+0.1291%1h$12K$122K12xas long as short
MEXC ZRO_USDT+0.266%+0.0100%4h$18.0M$3.8M125xas long as short
OKX ZRO-USDT-SWAP+0.292%+0.0100%4h$3.2M$8.0M20xas long as short
Binance ZROUSDT+0.300%+0.0100%4h$22.7M$35.1M75xas long as short
Polymarket Perps ZRO-USD+0.334%+0.0100%1h$80K$848K5xas long as short
Orderly PERP_ZRO_USDC+0.334%−0.0032%4h$21K$7K10xas long as short
01 Exchange ZROUSD+0.355%+0.0208%1h$7K$3K5xas long as short
Lighter ZROshort+0.356%+0.0656%1h$4.7M$1.3M5x
Aevo ZRO-PERP+0.366%+0.0104%1h$21K—3xas long as short
Hyperliquid ZRO+0.377%+0.0100%1h$38.7M$7.7M5xas long as short
GMX ZRO/USD [ETH-USDC]+0.384%L +0.0282% / S −0.2124%1h$3K—100xas long as short