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−$24
spread now+0.213%7d average+0.083%fees + slippage, in and out−$37spread needed0.367%
Long on MEXCShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ZRO_USDT1.22350.0100pay 0.0050% / 4h3h 32m$16.7M$3.2M125x
ShortHyperliquid ZRO1.22610.0207get 0.0026% / 1h32m 44s$40.8M$6.1M5x

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
$21.25
Funding while held
$3.21
Slippage, 4 orders
−$27.75
Fee MEXC: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$12.29
Spread needed to break even
0.367%
Slippage from MEXC: live order book, 2 min ago; Hyperliquid: live order book, 12 min ago.

Cost of waiting

funding view
Funding /8h
+0.0107%
Per $10,000 a day
+$3.21
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 MEXC live order book, 2 min ago2.04 bp5.1 bp −$521.3 bp −$21381.5 bp −$8,154413.3 bp −$206.7K
Sell Hyperliquid live order book, 12 min ago1.63 bp12.7 bp −$13doesn't fitdoesn't fitdoesn't fit

ZRO price on every exchange

against the cheapest. Click to use as the short leg.
BloFin1.2225cheapestVariational Omni1.2228+0.026%ApeX Omni1.2230+0.041%Aevo1.2230+0.041%Nado1.2233+0.067%
MEXC1.2235+0.082%
Bybit1.2237+0.098%OKX1.2237+0.098%Bitget1.2237+0.098%Orderly1.2237+0.098%Gate1.2240+0.123%Kraken Futures1.2240+0.123%Binance1.2241+0.131%GMX1.2242+0.138%BingX1.2242+0.139%Backpack1.2242+0.139%Extended1.2244+0.153%Pacifica1.2244+0.155%01 Exchange1.2244+0.155%dYdX1.2245+0.167%Aster1.2248+0.186%Polymarket Perps1.2249+0.196%KuCoin1.2252+0.221%Injective1.2260+0.286%
Hyperliquid1.2261+0.294%
Lighter1.2275+0.406%

ZRO on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin ZRO-USDT−0.082%+0.0108%4h$1.1M$297K75xas long as short
Variational Omni ZRO−0.055%+0.0100%4h$2.6M$466K—as long as short
ApeX Omni ZROUSDT−0.041%+0.0100%1h$39K$670K50xas long as short
Aevo ZRO-PERP−0.041%+0.0104%1h$22K—3xas long as short
Nado ZRO-PERP−0.015%+0.0100%1h$1.3M$77K5xas long as short
MEXC ZRO_USDTlong0.000%+0.0100%4h$16.7M$3.2M125x
Bybit ZROUSDT+0.016%+0.0100%4h$19.1M$15.6M50xas long as short
OKX ZRO-USDT-SWAP+0.016%−0.0037%4h$3.3M$7.7M20xas long as short
Bitget ZROUSDT+0.016%+0.0100%4h$2.8M$2.8M75xas long as short
Orderly PERP_ZRO_USDC+0.016%−0.0043%4h$21K$6K10xas long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate ZRO_USDT+0.041%+0.0100%4h$1.4M$1.8M75xas long as short
Kraken Futures PF_ZROUSD+0.041%+0.0067%1h$275K$536K25xas long as short
Binance ZROUSDT+0.049%+0.0100%4h$23.8M$30.2M75xas long as short
GMX ZRO/USD [ETH-USDC]+0.056%L +0.0411% / S −0.4670%1h$6K—100xas long as short
BingX ZRO-USDT+0.057%+0.0100%4h—$8.5M—as long as short
Backpack ZRO_USDC_PERP+0.057%+0.0100%1h$88K$163K20xas long as short
Extended ZRO-USD+0.071%+0.0104%1h$825K$125K10xas long as short
Pacifica ZRO+0.074%+0.0100%1h$152K$187K5xas long as short
01 Exchange ZROUSD+0.074%+0.0168%1h$10K$755xas long as short
dYdX ZRO-USD+0.085%+0.0047%1h$22K$795xas long as short
Aster ZROUSDT+0.105%+0.0100%4h$139K$88K10xas long as short
Polymarket Perps ZRO-USD+0.114%+0.0100%1h$88K$808K5xas long as short
KuCoin ZROUSDTM+0.139%+0.0100%4h$2.6M$1.0M50xas long as short
Injective ZRO/USDC PERP+0.204%+0.0033%1h$3K$166K12xas long as short
Hyperliquid ZROshort+0.213%+0.0207%1h$40.8M$6.1M5x
Lighter ZRO+0.324%+0.1008%1h$5.2M$842K5xas long as short