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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.02 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against KuCoin−0.034%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1261.264% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 4 days (all we have)−0.183%−$18 · spread now −0.034%, 7d avg −0.028%
Together, before fees−0.182%−$18 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZROUSDTM1.17800.0100pay 0.0050% / 4h3h 17m$2.4M$2.0M50x
ShortBloFin ZRO-USDT1.17760.0104get 0.0052% / 4h3h 17m$1.1M$250K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$0.75
Price spread: −0.034% → −0.028%
−$0.63
Slippage, 4 orders
−$102.43
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$126.31
Costs to cover
1.264%
Break-even
1185.7 days
Slippage from KuCoin: live order book, 4 min ago; BloFin: live order book, 5 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, 4 min ago8.93 bp37.7 bp −$38137.4 bp −$1,374doesn't fitdoesn't fit
Sell BloFin live order book, 5 min ago1.70 bp21.4 bp −$2137.0 bp −$370doesn't fitdoesn't fit

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
Orderly PERP_ZRO_USDC+0.0050%4h1.1786+0.051%$21K$5K10xas long as short
dYdX ZRO-USD+0.0098%1h1.1787+0.058%$21K$4K5xas long as short
Aster ZROUSDT+0.0100%4h1.1788+0.071%$159K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1784+0.032%$137K$178K5xas long as short
Binance ZROUSDT+0.0100%4h1.1775−0.041%$22.1M$29.6M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1776−0.034%$18.0M$13.7M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1778−0.017%$3.2M$7.9M20xas long as short
Gate ZRO_USDT+0.0100%4h1.17800.000%$1.3M$1.5M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1776−0.034%$19.3M$2.7M125xas long as short
KuCoin ZROUSDTMlong+0.0100%4h1.1780long leg$2.4M$2.0M50x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZROUSDT+0.0100%4h1.17800.000%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1778−0.017%$16.4Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1765−0.127%$98K$221K20xas long as short
Variational Omni ZRO+0.0100%4h1.1745−0.293%$2.3M$809Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1770−0.085%$39K$676K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1790+0.085%$100K$847K5xas long as short
BloFin ZRO-USDTshort+0.0104%4h1.1776−0.034%$1.1M$250K75x
Aevo ZRO-PERP+0.0104%1h1.1785+0.039%$21K3xas long as short
Lighter ZRO+0.0112%1h1.1811+0.260%$4.4M$1.2M5xas long as short
Nado ZRO-PERP+0.0206%1h1.1780+0.004%$1.3M$124K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0293% / S −0.2341%1h1.1786+0.048%$3K100xas long as short
01 Exchange ZROUSD+0.0344%1h1.1796+0.137%$7K$3K5xas long as short
Kraken Futures PF_ZROUSD+0.0460%1h1.1789+0.077%$257K$356K25xas long as short
Hyperliquid ZRO+0.0593%1h1.1798+0.153%$37.5M$5.5M5xas long as short
Extended ZRO-USD+0.1080%1h1.1784+0.030%$804K$625K10xas long as short
Injective ZRO/USDC PERP+0.1363%1h1.1830+0.424%$12K$261K12xas long as short