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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.039%
Price spread now: KuCoin against OKX−0.043%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1391.395% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.078%+$8 on $10k
Price spread, last 7 days+0.002%$0 · spread now −0.043%, 7d avg −0.003%
Together, before fees+0.080%+$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.039% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ZRO-USDT-SWAP1.17570.0100pay 0.0050% / 4h3h 15m$3.2M$7.9M20x
ShortKuCoin ZROUSDTM1.17520.0100get 0.0050% / 4h3h 15m$2.4M$2.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$0
Price spread: −0.043% → −0.003%
−$3.94
Slippage, 4 orders
−$117.47
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$143.42
Costs to cover
1.395%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; KuCoin: live order book, 1 min ago.

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, 2 min ago0.85 bp21.6 bp −$22doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 1 min ago7.24 bp46.6 bp −$47128.5 bp −$1,285doesn't fitdoesn't fit

ZRO on 26 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
Orderly PERP_ZRO_USDC+0.0050%4h1.1744−0.111%$21K$5K10xas long as short
Aster ZROUSDT+0.0100%4h1.17570.000%$159K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1756−0.006%$136K$178K5xas long as short
Binance ZROUSDT+0.0100%4h1.1759+0.015%$22.1M$29.5M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1750−0.060%$18.0M$13.6M50xas long as short
OKX ZRO-USDT-SWAPlong+0.0100%4h1.1757long leg$3.2M$7.9M20x
Gate ZRO_USDT+0.0100%4h1.1750−0.060%$1.3M$1.5M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1759+0.017%$19.3M$2.7M125xas long as short
KuCoin ZROUSDTMshort+0.0100%4h1.1752−0.043%$2.4M$2.0M50x
Bitget ZROUSDT+0.0100%4h1.1756−0.009%$2.7M$2.5M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ZRO-USDT+0.0100%4h1.1752−0.043%$16.5Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1743−0.119%$97K$221K20xas long as short
Variational Omni ZRO+0.0100%4h1.1733−0.200%$2.3M$809Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1770+0.111%$39K$676K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1753−0.034%$100K$845K5xas long as short
dYdX ZRO-USD+0.0101%1h1.1743−0.118%$21K$4K5xas long as short
BloFin ZRO-USDT+0.0104%4h1.1776+0.162%$1.1M$250K75xas long as short
Aevo ZRO-PERP+0.0104%1h1.1741−0.139%$21K3xas long as short
Lighter ZRO+0.0128%1h1.1779+0.187%$4.4M$1.2M5xas long as short
Nado ZRO-PERP+0.0211%1h1.1746−0.095%$1.3M$124K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0293% / S −0.2341%1h1.1742−0.131%$3K100xas long as short
01 Exchange ZROUSD+0.0344%1h1.1777+0.169%$7K$3K5xas long as short
Kraken Futures PF_ZROUSD+0.0461%1h1.17570.000%$257K$355K25xas long as short
Hyperliquid ZRO+0.0586%1h1.1771+0.119%$37.4M$5.5M5xas long as short
Extended ZRO-USD+0.1064%1h1.1760+0.024%$804K$625K10xas long as short
Injective ZRO/USDC PERP+0.1363%1h1.1830+0.621%$12K$261K12xas long as short