ZRO

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.256%

7d average—if it closes, per $10,000$26funding while held, a day+$60.71

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZROUSDTM	1.1776	0.0100	pay 0.0050% / 4h	2h 46m	$2.5M	$1.5M	50x
Short	GMX ZRO/USD [ETH-USDC]	1.1806	L +0.0282% / S −0.2124%	get 0.0265% / 1h	46m 35s	$3K	—	100x

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 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee KuCoinbpFee GMXbpOrdersClose when spread is

Spread captured: $25.57
Funding while held: $60.71
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $62.28
Spread needed to break even: 0.240%

Slippage unknown: KuCoin: live order book, 7 min ago; GMX: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.2024%
Per $10,000 a day: +$60.71
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 KuCoin live order book, 7 min ago	6.39 bp	59.7 bp −$60	121.6 bp −$1,216	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZRO on 26 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
OKX ZRO-USDT-SWAP	−0.314%	+0.0100%	4h	$3.2M	$8.0M	20x	as long as short
Bybit ZROUSDT	−0.289%	+0.0100%	4h	$18.2M	$17.6M	50x	as long as short
Binance ZROUSDT	−0.232%	+0.0100%	4h	$22.6M	$35.1M	75x	as long as short
Bitget ZROUSDT	−0.221%	+0.0100%	4h	$2.7M	$2.8M	75x	as long as short
Extended ZRO-USD	−0.219%	+0.0104%	1h	$781K	$531K	10x	as long as short
Nado ZRO-PERP	−0.219%	+0.0299%	1h	$1.3M	$133K	5x	as long as short
Polymarket Perps ZRO-USD	−0.178%	+0.0100%	1h	$80K	$848K	5x	as long as short
BingX ZRO-USDT	−0.161%	+0.0100%	4h	—	$9.0M	—	as long as short
01 Exchange ZROUSD	−0.158%	+0.0168%	1h	$7K	$3K	5x	as long as short
MEXC ZRO_USDT	−0.051%	+0.0100%	4h	$18.0M	$3.8M	125x	as long as short

Show all 26 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica ZRO	−0.044%	+0.0100%	1h	$142K	$222K	5x	as long as short
KuCoin ZROUSDTMlong	0.000%	+0.0100%	4h	$2.5M	$1.5M	50x
Variational Omni ZRO	+0.034%	+0.0100%	4h	$2.2M	$894K	—	as long as short
Lighter ZRO	+0.101%	+0.0648%	1h	$4.7M	$1.3M	5x	as long as short
Hyperliquid ZRO	+0.119%	+0.0100%	1h	$38.6M	$7.8M	5x	as long as short
Gate ZRO_USDT	+0.119%	+0.0100%	4h	$1.4M	$2.1M	75x	as long as short
Aster ZROUSDT	+0.127%	+0.0100%	4h	$158K	$156K	10x	as long as short
dYdX ZRO-USD	+0.191%	+0.0011%	1h	$21K	$1K	5x	as long as short
Backpack ZRO_USDC_PERP	+0.195%	−0.0408%	1h	$90K	$201K	20x	as long as short
ApeX Omni ZROUSDT	+0.204%	+0.0100%	1h	$37K	$680K	50x	as long as short
Aevo ZRO-PERP	+0.204%	+0.0104%	1h	$21K	—	3x	as long as short
Orderly PERP_ZRO_USDC	+0.212%	−0.0026%	4h	$21K	$7K	10x	as long as short
BloFin ZRO-USDT	+0.212%	+0.0118%	4h	$1.1M	$276K	75x	as long as short
GMX ZRO/USD [ETH-USDC]short	+0.256%	L +0.0282% / S −0.2124%	1h	$3K	—	100x
Kraken Futures PF_ZROUSD	+0.305%	+0.0097%	1h	$261K	$573K	25x	as long as short
Injective ZRO/USDC PERP	+0.628%	+0.1291%	1h	$12K	$122K	12x	as long as short

ZRO