Spread before costs (cost unknown: a leg has no order-book sample)−0.034%
7d average—if it closes, per $10,000$3funding while held, a day+$3.25
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ZRO_USDC | 1.1706 | −0.0008 | get 0.0004% / 4h | 2h 37m | $20K | $7K | 10x |
| Short | Hyperliquid ZRO | 1.1702 | 0.0100 | get 0.0013% / 1h | 37m 00s | $38.2M | $7.9M | 5x |
Orderly PERP_ZRO_USDC
Hyperliquid ZROPrice 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
- −$3.42
- Funding while held
- $3.25
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$15.17
- Spread needed to break even
- 0.150%
Slippage unknown: Orderly: no order-book sample; Hyperliquid: live order book, 8 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0108%
- Per $10,000 a day
- +$3.25
- 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 Hyperliquid live order book, 8 min ago | 1.71 bp | 16.0 bp −$16 | 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.Variational Omni1.1656cheapestBybit1.1684+0.239%OKX1.1687+0.265%Binance1.1688+0.270%Extended1.1692+0.308%MEXC1.1695+0.333%BingX1.1696+0.342%Bitget1.1697+0.351%Gate1.1700+0.376%BloFin1.1700+0.376%Aevo1.1700+0.378%
Variational Omni
Bybit
OKX
Binance
Extended
MEXC
BingX
Bitget
Gate
BloFin
AevoHyperliquid1.1702+0.393%
Kraken Futures1.1703+0.399%Pacifica1.1703+0.400%Nado1.1703+0.403%GMX1.1704+0.409%Backpack1.1704+0.411%
Kraken Futures
Pacifica
Nado
GMX
BackpackOrderly1.1706+0.428%
KuCoin1.1709+0.453%dYdX1.1711+0.469%Polymarket Perps1.1712+0.479%Aster1.1714+0.495%01 Exchange1.1715+0.505%Lighter1.1725+0.592%ApeX Omni1.1740+0.719%Injective1.1770+0.977%
KuCoin
dYdX
Polymarket Perps
Aster
Lighter
ApeX Omni
InjectiveZRO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni ZRO | −0.426% | +0.0100% | 4h | $2.2M | $894K | — | as long as short |
| Bybit ZROUSDT | −0.188% | +0.0100% | 4h | $18.1M | $17.7M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | −0.162% | +0.0100% | 4h | $3.2M | $8.0M | 20x | as long as short |
| Binance ZROUSDT | −0.157% | +0.0100% | 4h | $22.5M | $35.0M | 75x | as long as short |
| Extended ZRO-USD | −0.120% | +0.0272% | 1h | $777K | $535K | 10x | as long as short |
| MEXC ZRO_USDT | −0.094% | +0.0100% | 4h | $17.8M | $3.9M | 125x | as long as short |
| BingX ZRO-USDT | −0.085% | +0.0100% | 4h | — | $9.0M | — | as long as short |
| Bitget ZROUSDT | −0.077% | +0.0100% | 4h | $2.7M | $2.8M | 75x | as long as short |
| Gate ZRO_USDT | −0.051% | +0.0100% | 4h | $1.3M | $2.2M | 75x | as long as short |
| BloFin ZRO-USDT | −0.051% | +0.0109% | 4h | $1.1M | $273K | 75x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo ZRO-PERP | −0.050% | +0.0104% | 1h | $21K | — | 3x | as long as short |
| Hyperliquid ZROshort | −0.034% | +0.0100% | 1h | $38.2M | $7.9M | 5x | |
| Kraken Futures PF_ZROUSD | −0.028% | +0.0098% | 1h | $259K | $572K | 25x | as long as short |
| Pacifica ZRO | −0.027% | +0.0100% | 1h | $140K | $222K | 5x | as long as short |
| Nado ZRO-PERP | −0.025% | +0.0284% | 1h | $1.3M | $132K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | −0.019% | L +0.0282% / S −0.2124% | 1h | $3K | — | 100x | as long as short |
| Backpack ZRO_USDC_PERP | −0.017% | −0.0350% | 1h | $92K | $203K | 20x | as long as short |
| Orderly PERP_ZRO_USDClong | 0.000% | −0.0008% | 4h | $20K | $7K | 10x | |
| KuCoin ZROUSDTM | +0.026% | +0.0100% | 4h | $2.5M | $1.6M | 50x | as long as short |
| dYdX ZRO-USD | +0.041% | +0.0007% | 1h | $21K | $2K | 5x | as long as short |
| Polymarket Perps ZRO-USD | +0.051% | +0.0100% | 1h | $80K | $853K | 5x | as long as short |
| Aster ZROUSDT | +0.067% | +0.0100% | 4h | $156K | $156K | 10x | as long as short |
| 01 Exchange ZROUSD | +0.077% | +0.0128% | 1h | $7K | $3K | 5x | as long as short |
| Lighter ZRO | +0.164% | +0.0552% | 1h | $4.7M | $1.3M | 5x | as long as short |
| ApeX Omni ZROUSDT | +0.290% | +0.0100% | 1h | $37K | $680K | 50x | as long as short |
| Injective ZRO/USDC PERP | +0.547% | +0.1291% | 1h | $12K | $122K | 12x | as long as short |