Spread before costs (cost unknown: a leg has no order-book sample)−0.143%
7d average—if it closes, per $10,000$14funding while held, a day+$4.86
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ZRO_USDC | 1.1849 | −0.0058 | get 0.0029% / 4h | 3h 14m | $21K | $7K | 10x |
| Short | Extended ZRO-USD | 1.1832 | 0.0104 | get 0.0013% / 1h | 14m 44s | $791K | $474K | 10x |
Orderly PERP_ZRO_USDC
Extended ZRO-USDPrice 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
- −$14.35
- Funding while held
- $4.86
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$20.49
- Spread needed to break even
- 0.110%
Slippage unknown: Orderly: no order-book sample; Extended: live order book, 20 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0162%
- Per $10,000 a day
- +$4.86
- 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Extended live order book, 20 min ago | 114.91 bp | 135.0 bp −$135 | doesn't fit | doesn't fit | doesn't fit |
Orderly: 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 price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni1.1820cheapestVariational Omni1.1826+0.052%
ApeX Omni
Variational OmniExtended1.1832+0.102%
Bitget1.1835+0.127%Bybit1.1836+0.135%Gate1.1840+0.169%KuCoin1.1841+0.178%Nado1.1842+0.190%OKX1.1843+0.195%BingX1.1843+0.195%Binance1.1845+0.209%Pacifica1.1847+0.229%Aster1.1849+0.243%MEXC1.1849+0.245%
Bitget
Bybit
Gate
KuCoin
Nado
OKX
BingX
Binance
Pacifica
Aster
MEXCOrderly1.1849+0.245%
Backpack1.1850+0.254%BloFin1.1850+0.254%GMX1.1850+0.258%dYdX1.1851+0.259%Aevo1.1851+0.263%Polymarket Perps1.1853+0.279%Kraken Futures1.1854+0.288%01 Exchange1.1863+0.367%Lighter1.1864+0.372%Hyperliquid1.1867+0.398%Injective1.1890+0.592%
Backpack
BloFin
GMX
dYdX
Aevo
Polymarket Perps
Kraken Futures
Lighter
Hyperliquid
InjectiveZRO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni ZROUSDT | −0.245% | +0.0100% | 1h | $37K | $682K | 50x | as long as short |
| Variational Omni ZRO | −0.193% | +0.0100% | 4h | $2.3M | $900K | — | as long as short |
| Extended ZRO-USDshort | −0.143% | +0.0104% | 1h | $791K | $474K | 10x | |
| Bitget ZROUSDT | −0.118% | +0.0100% | 4h | $2.7M | $2.8M | 75x | as long as short |
| Bybit ZROUSDT | −0.110% | +0.0085% | 4h | $18.3M | $17.6M | 50x | as long as short |
| Gate ZRO_USDT | −0.076% | +0.0100% | 4h | $1.4M | $2.2M | 75x | as long as short |
| KuCoin ZROUSDTM | −0.068% | +0.0100% | 4h | $2.3M | $1.4M | 50x | as long as short |
| Nado ZRO-PERP | −0.055% | +0.0349% | 1h | $1.3M | $119K | 5x | as long as short |
| OKX ZRO-USDT-SWAP | −0.051% | +0.0100% | 4h | $3.2M | $7.9M | 20x | as long as short |
| BingX ZRO-USDT | −0.051% | +0.0100% | 4h | — | $9.0M | — | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance ZROUSDT | −0.037% | +0.0100% | 4h | $22.7M | $34.5M | 75x | as long as short |
| Pacifica ZRO | −0.016% | +0.0100% | 1h | $142K | $218K | 5x | as long as short |
| Aster ZROUSDT | −0.002% | +0.0100% | 4h | $159K | $153K | 10x | as long as short |
| MEXC ZRO_USDT | 0.000% | +0.0100% | 4h | $17.9M | $3.9M | 125x | as long as short |
| Orderly PERP_ZRO_USDClong | 0.000% | −0.0058% | 4h | $21K | $7K | 10x | |
| Backpack ZRO_USDC_PERP | +0.008% | +0.0100% | 1h | $89K | $202K | 20x | as long as short |
| BloFin ZRO-USDT | +0.008% | +0.0131% | 4h | $1.1M | $278K | 75x | as long as short |
| GMX ZRO/USD [ETH-USDC] | +0.013% | L +0.0282% / S −0.2124% | 1h | $3K | — | 100x | as long as short |
| dYdX ZRO-USD | +0.013% | +0.0053% | 1h | $21K | $1K | 5x | as long as short |
| Aevo ZRO-PERP | +0.017% | +0.0104% | 1h | $21K | — | 3x | as long as short |
| Polymarket Perps ZRO-USD | +0.034% | +0.0100% | 1h | $81K | $863K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.043% | −0.0157% | 1h | $262K | $573K | 25x | as long as short |
| 01 Exchange ZROUSD | +0.122% | +0.0248% | 1h | $7K | $3K | 5x | as long as short |
| Lighter ZRO | +0.127% | +0.0312% | 1h | $4.8M | $1.3M | 5x | as long as short |
| Hyperliquid ZRO | +0.152% | +0.0712% | 1h | $39.0M | $7.5M | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.346% | +0.0456% | 1h | $12K | $147K | 12x | as long as short |