Settings8H · net · $10k
Funding arb · Price arb /

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against KuCoin−0.034%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1241.243% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.009%+$1 on $10k
Price spread, last 7 days+0.093%+$9 · spread now −0.034%, 7d avg −0.012%
Together, before fees+0.101%+$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.022% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZROUSDTM1.16330.0100pay 0.0050% / 4h35m 39s$2.4M$2.0M50x
ShortBingX ZRO-USDT1.16290.0100get 0.0050% / 4h35m 39s$21.8M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.034% → −0.012%
−$2.2
Slippage, 4 orders
−$102.26
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$126.46
Costs to cover
1.243%
Break-even
never at this rate
Slippage from KuCoin: live order book, 1 min ago; BingX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 1 min ago12.04 bp59.1 bp −$59138.2 bp −$1,382doesn't fitdoesn't fit
Sell BingX live order book, 3 min ago2.15 bp10.3 bp −$1012.6 bp −$12622.2 bp −$2,21745.1 bp −$22.6K

ZRO on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ZRO-USD0.0000%1h1.1639+0.054%$21K$5K5xas long as short
01 Exchange ZROUSD+0.0064%1h1.1624−0.075%$4K$5K5xas long as short
Orderly PERP_ZRO_USDC+0.0093%4h1.1629−0.034%$20K$4K10xas long as short
Lighter ZRO+0.0096%1h1.1651+0.154%$4.3M$1.2M5xas long as short
BloFin ZRO-USDT+0.0100%4h1.1640+0.060%$1.0M$200K75xas long as short
Nado ZRO-PERP+0.0100%1h1.1632−0.006%$1.3M$128K5xas long as short
Hyperliquid ZRO+0.0100%1h1.1638+0.043%$36.9M$5.3M5xas long as short
Aster ZROUSDT+0.0100%4h1.1635+0.016%$157K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1626−0.061%$137K$171K5xas long as short
Binance ZROUSDT+0.0100%4h1.1627−0.050%$21.7M$28.8M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ZROUSDT+0.0100%4h1.1620−0.112%$17.8M$13.1M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1626−0.060%$3.2M$7.6M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1640+0.060%$1.3M$1.4M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1635+0.017%$19.1M$2.7M125xas long as short
KuCoin ZROUSDTMlong+0.0100%4h1.1633long leg$2.4M$2.0M50x
Bitget ZROUSDT+0.0100%4h1.1626−0.060%$2.7M$2.5M75xas long as short
BingX ZRO-USDTshort+0.0100%4h1.1629−0.034%$21.8M
Variational Omni ZRO+0.0100%4h1.1618−0.127%$2.3M$771Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1700+0.576%$39K$669K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1634+0.009%$98K$813K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1621−0.101%$21K3xas long as short
Backpack ZRO_USDC_PERP+0.0190%1h1.1634+0.009%$94K$214K20xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1635+0.020%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0432%1h1.1651+0.151%$253K$298K25xas long as short
Extended ZRO-USD+0.0656%1h1.1619−0.122%$797K$647K10xas long as short
Injective ZRO/USDC PERP+0.1271%1h1.1710+0.662%$12K$261K12xas long as short