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−$32
spread now−0.037%7d average−0.104%fees + slippage, in and out−$38spread needed0.385%
Long on LighterShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ZRO1.21260.0096pay 0.0012% / 1h40m 39s$4.9M$1.2M5x
ShortPolymarket Perps ZRO-USD1.21210.0100get 0.0013% / 1h40m 39s$86K$853K5x

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
−$3.71
Funding while held
$0.12
Slippage, 4 orders
−$30.46
Fee Lighter: 0 bp × 2 orders
$0
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$42.05
Spread needed to break even
0.385%
Slippage from Lighter: live order book, 9 min ago; Polymarket Perps: live order book, 14 min ago.

Cost of waiting

funding view
Funding /8h
+0.0004%
Per $10,000 a day
+$0.12
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 Lighter live order book, 9 min ago5.84 bp12.7 bp −$1381.1 bp −$811doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 14 min ago5.38 bp9.4 bp −$920.7 bp −$207doesn't fitdoesn't fit

ZRO price on every exchange

against the cheapest. Click to use as the short leg.
Bybit1.2101cheapestOKX1.2101cheapestBitget1.2101cheapestExtended1.2103+0.013%Variational Omni1.2103+0.017%BingX1.2108+0.058%dYdX1.2108+0.061%Gate1.2110+0.074%ApeX Omni1.2110+0.074%Pacifica1.2112+0.087%Binance1.2112+0.090%MEXC1.2115+0.116%Aster1.2116+0.121%KuCoin1.2117+0.132%Nado1.2118+0.140%
Polymarket Perps1.2121+0.165%
Hyperliquid1.2122+0.174%Orderly1.2125+0.198%Aevo1.2125+0.200%GMX1.2125+0.201%
Lighter1.2126+0.202%
Backpack1.2127+0.215%BloFin1.2129+0.231%Kraken Futures1.2131+0.247%Injective1.2160+0.488%

ZRO on 25 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit ZROUSDT−0.202%+0.0100%4h$18.8M$17.1M50xas long as short
OKX ZRO-USDT-SWAP−0.202%−0.0060%4h$3.3M$8.2M20xas long as short
Bitget ZROUSDT−0.202%+0.0100%4h$2.8M$2.9M75xas long as short
Extended ZRO-USD−0.189%+0.0576%1h$808K$461K10xas long as short
Variational Omni ZRO−0.185%+0.0100%4h$2.4M$769K—as long as short
BingX ZRO-USDT−0.144%+0.0100%4h—$8.6M—as long as short
dYdX ZRO-USD−0.141%0.0000%1h$22K$4195xas long as short
Gate ZRO_USDT−0.128%+0.0100%4h$1.4M$2.1M75xas long as short
ApeX Omni ZROUSDT−0.128%+0.0100%1h$39K$677K50xas long as short
Pacifica ZRO−0.115%+0.0100%1h$147K$218K5xas long as short
Show all 25 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance ZROUSDT−0.113%+0.0100%4h$23.2M$33.7M75xas long as short
MEXC ZRO_USDT−0.087%+0.0100%4h$17.7M$3.8M125xas long as short
Aster ZROUSDT−0.082%+0.0100%4h$137K$103K10xas long as short
KuCoin ZROUSDTM−0.070%+0.0100%4h$2.6M$1.3M50xas long as short
Nado ZRO-PERP−0.063%+0.0287%1h$1.4M$108K5xas long as short
Polymarket Perps ZRO-USDshort−0.037%+0.0100%1h$86K$853K5x
Hyperliquid ZRO−0.029%+0.0100%1h$40.0M$7.2M5xas long as short
Orderly PERP_ZRO_USDC−0.004%−0.0110%4h$21K$7K10xas long as short
Aevo ZRO-PERP−0.002%+0.0104%1h$21K—3xas long as short
GMX ZRO/USD [ETH-USDC]−0.002%L +0.0408% / S −0.4670%1h$6K—100xas long as short
Lighter ZROlong0.000%+0.0096%1h$4.9M$1.2M5x
Backpack ZRO_USDC_PERP+0.012%+0.0100%1h$89K$179K20xas long as short
BloFin ZRO-USDT+0.029%+0.0040%4h$1.1M$285K75xas long as short
Kraken Futures PF_ZROUSD+0.045%−0.0952%1h$272K$570K25xas long as short
Injective ZRO/USDC PERP+0.285%+0.0032%1h$13K$146K12xas long as short