Settings8H · net · $10k
Funding arb · Price arb /

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.019%
Price spread now: dYdX against OKX−0.022%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.022% cheaper against OKX than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ZRO-USDT-SWAP1.17200.0100pay 0.0050% / 4h2h 19m$3.2M$8.0M20x
ShortdYdX ZRO-USD1.17170get 0.0000% / 1h19m 35s$21K$3K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against OKX. 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
−$21
Price spread: −0.022% → 0.000%
−$2.17
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$43.17
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: OKX: live order book, 3 min ago; dYdX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago2.13 bp17.0 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: 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 25 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−0.0240%1h1.1733+0.111%$7K$3K5xas long as short
dYdX ZRO-USDshort0.0000%1h1.1717−0.022%$21K$3K5x
Bybit ZROUSDT0.0000%4h1.1716−0.034%$18.0M$13.9M50xas long as short
Orderly PERP_ZRO_USDC+0.0025%4h1.1718−0.017%$21K$5K10xas long as short
Gate ZRO_USDT+0.0026%4h1.1730+0.085%$1.3M$1.5M75xas long as short
Lighter ZRO+0.0096%1h1.1749+0.249%$4.4M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1745+0.213%$37.2M$5.5M5xas long as short
Aster ZROUSDT+0.0100%4h1.1738+0.151%$158K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1726+0.051%$136K$167K5xas long as short
Binance ZROUSDT+0.0100%4h1.1727+0.056%$22.0M$29.8M75xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAPlong+0.0100%4h1.1720long leg$3.2M$8.0M20x
MEXC ZRO_USDT+0.0100%4h1.1717−0.026%$19.1M$2.8M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1732+0.102%$2.3M$1.9M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1726+0.051%$2.7M$2.4M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1722+0.017%$16.5Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1726+0.051%$97K$212K20xas long as short
Variational Omni ZRO+0.0100%4h1.1727+0.058%$2.3M$816Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1750+0.256%$39K$673K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1722+0.017%$92K$839K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1716−0.038%$21K3xas long as short
Nado ZRO-PERP+0.0210%1h1.1724+0.038%$1.3M$124K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1722+0.019%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0371%1h1.1737+0.149%$252K$403K25xas long as short
Extended ZRO-USD+0.0880%1h1.1726+0.051%$784K$592K10xas long as short
Injective ZRO/USDC PERP+0.1213%1h1.1790+0.597%$12K$260K12xas long as short