After costs, if the gap returns to its 7d average, $10k−$56
spread now+0.033%7d average+0.019%fees + slippage, in and out−$58spread needed0.579%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ZRO-USDT-SWAP | 1.2106 | −0.0073 | get 0.0037% / 4h | 1h 49m | $3.3M | $8.2M | 20x |
| Short | Backpack ZRO_USDC_PERP | 1.2110 | 0.0100 | get 0.0013% / 1h | 49m 50s | $89K | $174K | 20x |
Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $3.3
- Funding while held
- $5.2
- Slippage, 4 orders
- −$37.86
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$49.35
- Spread needed to break even
- 0.579%
Slippage from OKX: live order book, 5 min ago; Backpack: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0173%
- Per $10,000 a day
- +$5.20
- 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 OKX live order book, 5 min ago | 1.65 bp | 22.4 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 5 min ago | 0.41 bp | 6.6 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
ZRO price on every exchange
against the cheapest. Click to use as the short leg.ZRO on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni ZROUSDT | −0.793% | −0.0042% | 1h | $38K | $674K | 50x | as long as short |
| Variational Omni ZRO | −0.152% | +0.0100% | 4h | $2.4M | $758K | — | as long as short |
| dYdX ZRO-USD | −0.054% | 0.0000% | 1h | $22K | $419 | 5x | as long as short |
| Gate ZRO_USDT | −0.050% | +0.0100% | 4h | $1.4M | $2.1M | 75x | as long as short |
| Aevo ZRO-PERP | −0.050% | +0.0104% | 1h | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | −0.017% | +0.0040% | 4h | $1.1M | $286K | 75x | as long as short |
| Orderly PERP_ZRO_USDC | −0.008% | −0.0109% | 4h | $21K | $7K | 10x | as long as short |
| Kraken Futures PF_ZROUSD | −0.005% | −0.0954% | 1h | $271K | $569K | 25x | as long as short |
| Pacifica ZRO | −0.005% | +0.0100% | 1h | $147K | $217K | 5x | as long as short |
| OKX ZRO-USDT-SWAPlong | 0.000% | −0.0073% | 4h | $3.3M | $8.2M | 20x |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX ZRO/USD [ETH-USDC] | +0.032% | L +0.0409% / S −0.4670% | 1h | $6K | — | 100x | as long as short |
| Backpack ZRO_USDC_PERPshort | +0.033% | +0.0100% | 1h | $89K | $174K | 20x | |
| Polymarket Perps ZRO-USD | +0.033% | +0.0046% | 1h | $86K | $853K | 5x | as long as short |
| BingX ZRO-USDT | +0.050% | +0.0100% | 4h | — | $8.6M | — | as long as short |
| Aster ZROUSDT | +0.055% | +0.0100% | 4h | $136K | $103K | 10x | as long as short |
| Extended ZRO-USD | +0.066% | +0.1080% | 1h | $808K | $461K | 10x | as long as short |
| Nado ZRO-PERP | +0.071% | +0.0263% | 1h | $1.4M | $108K | 5x | as long as short |
| MEXC ZRO_USDT | +0.083% | +0.0100% | 4h | $17.7M | $3.8M | 125x | as long as short |
| Binance ZROUSDT | +0.088% | +0.0100% | 4h | $23.3M | $33.7M | 75x | as long as short |
| Bybit ZROUSDT | +0.091% | +0.0100% | 4h | $18.8M | $17.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.099% | +0.0100% | 4h | $2.8M | $2.9M | 75x | as long as short |
| KuCoin ZROUSDTM | +0.132% | +0.0100% | 4h | $2.6M | $1.3M | 50x | as long as short |
| Hyperliquid ZRO | +0.207% | +0.0100% | 1h | $40.1M | $7.1M | 5x | as long as short |
| Lighter ZRO | +0.286% | +0.0096% | 1h | $4.9M | $1.2M | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.776% | +0.0032% | 1h | $13K | $146K | 12x | as long as short |
OKX ZRO-USDT-SWAP
Backpack ZRO_USDC_PERP
ApeX Omni
Variational Omni
Gate
BloFin
Kraken Futures
Pacifica
GMX
Polymarket Perps
BingX
Aster
Extended
MEXC
Binance
Bybit
Bitget
KuCoin
Hyperliquid
Lighter
Injective