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: Bybit against KuCoin−0.034%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1351.353% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.004%$0 on $10k
Price spread, last 7 days+0.082%+$8 · spread now −0.034%, 7d avg −0.031%
Together, before fees+0.078%+$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZROUSDTM1.16930.0100pay 0.0050% / 4h1h 44m$2.4M$2.0M50x
ShortBybit ZROUSDT1.16890.0100get 0.0050% / 4h1h 44m$17.9M$13.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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% → −0.031%
−$0.31
Slippage, 4 orders
−$112.35
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$135.66
Costs to cover
1.353%
Break-even
never at this rate
Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 4 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, 2 min ago10.71 bp58.0 bp −$58160.3 bp −$1,603doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago0.86 bp15.4 bp −$1538.9 bp −$389doesn'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
01 Exchange ZROUSD−0.0040%1h1.1683−0.089%$4K$5K5xas long as short
BloFin ZRO-USDT+0.0062%4h1.1685−0.068%$1.0M$202K75xas long as short
dYdX ZRO-USD+0.0079%1h1.1683−0.084%$21K$5K5xas long as short
Orderly PERP_ZRO_USDC+0.0089%4h1.1708+0.128%$20K$4K10xas long as short
Lighter ZRO+0.0096%1h1.1729+0.304%$4.4M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1711+0.154%$37.1M$5.5M5xas long as short
Aster ZROUSDT+0.0100%4h1.1702+0.077%$158K$151K10xas long as short
Pacifica ZRO+0.0100%1h1.1680−0.111%$138K$174K5xas long as short
Binance ZROUSDT+0.0100%4h1.1696+0.026%$21.9M$29.3M75xas long as short
Bybit ZROUSDTshort+0.0100%4h1.1689−0.034%$17.9M$13.5M50x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1698+0.043%$3.2M$7.7M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1700+0.060%$1.3M$1.4M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1696+0.026%$19.2M$2.7M125xas long as short
KuCoin ZROUSDTMlong+0.0100%4h1.1693long leg$2.4M$2.0M50x
Bitget ZROUSDT+0.0100%4h1.1698+0.043%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1695+0.017%$16.6Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1715+0.188%$95K$220K20xas long as short
Variational Omni ZRO+0.0100%4h1.1666−0.227%$2.3M$812Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1710+0.145%$39K$671K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1711+0.154%$99K$819K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1705+0.103%$21K3xas long as short
Nado ZRO-PERP+0.0200%1h1.1701+0.068%$1.3M$126K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0293% / S −0.2341%1h1.1711+0.158%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0513%1h1.1716+0.199%$254K$307K25xas long as short
Extended ZRO-USD+0.0760%1h1.1697+0.031%$799K$625K10xas long as short
Injective ZRO/USDC PERP+0.1317%1h1.1730+0.316%$12K$261K12xas long as short