Spread before costs (cost unknown: a leg has no order-book sample)+0.088%
7d average—if it closes, per $10,000$9funding while held, a day+$5.30
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ZRO_USDC | 1.1888 | −0.0077 | get 0.0038% / 4h | 8m 50s | $21K | $7K | 10x |
| Short | Pacifica ZRO | 1.1899 | 0.0100 | get 0.0013% / 1h | 8m 50s | $144K | $221K | 5x |
Orderly PERP_ZRO_USDC
Pacifica 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
- $8.84
- Funding while held
- $5.3
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- $0.14
- Spread needed to break even
- 0.140%
Slippage unknown: Orderly: no order-book sample; Pacifica: live order book, 41 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0177%
- Per $10,000 a day
- +$5.30
- 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 Pacifica live order book, 41 min ago | 4.11 bp | 18.6 bp −$19 | 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.Orderly1.1888cheapest
BloFin1.1891+0.025%Aevo1.1893+0.041%Kraken Futures1.1896+0.065%Variational Omni1.1898+0.084%Backpack1.1898+0.084%
BloFin
Aevo
Kraken Futures
Variational Omni
BackpackPacifica1.1899+0.088%
Gate1.1900+0.101%KuCoin1.1900+0.101%Nado1.1900+0.104%Extended1.1901+0.107%Aster1.1902+0.122%dYdX1.1903+0.123%Bitget1.1903+0.126%GMX1.1904+0.139%MEXC1.1905+0.143%Polymarket Perps1.1906+0.151%01 Exchange1.1907+0.157%Lighter1.1908+0.165%ApeX Omni1.1910+0.185%Hyperliquid1.1911+0.193%BingX1.1915+0.227%Bybit1.1916+0.236%OKX1.1920+0.269%Binance1.1923+0.294%Injective1.1940+0.437%
Gate
KuCoin
Nado
Extended
Aster
dYdX
Bitget
GMX
MEXC
Polymarket Perps
Lighter
ApeX Omni
Hyperliquid
BingX
Bybit
OKX
Binance
InjectiveZRO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_ZRO_USDClong | 0.000% | −0.0077% | 4h | $21K | $7K | 10x | |
| BloFin ZRO-USDT | +0.025% | +0.0105% | 4h | $1.1M | $282K | 75x | as long as short |
| Aevo ZRO-PERP | +0.041% | +0.0104% | 1h | $21K | — | 3x | as long as short |
| Kraken Futures PF_ZROUSD | +0.065% | −0.0492% | 1h | $264K | $575K | 25x | as long as short |
| Variational Omni ZRO | +0.084% | +0.0100% | 4h | $2.4M | $823K | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.084% | +0.0100% | 1h | $92K | $195K | 20x | as long as short |
| Pacifica ZROshort | +0.088% | +0.0100% | 1h | $144K | $221K | 5x | |
| Gate ZRO_USDT | +0.101% | +0.0100% | 4h | $1.4M | $2.2M | 75x | as long as short |
| KuCoin ZROUSDTM | +0.101% | +0.0100% | 4h | $2.4M | $1.3M | 50x | as long as short |
| Nado ZRO-PERP | +0.104% | +0.0304% | 1h | $1.3M | $120K | 5x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended ZRO-USD | +0.107% | +0.0104% | 1h | $795K | $473K | 10x | as long as short |
| Aster ZROUSDT | +0.122% | +0.0100% | 4h | $134K | $107K | 10x | as long as short |
| dYdX ZRO-USD | +0.123% | +0.0004% | 1h | $21K | $870 | 5x | as long as short |
| Bitget ZROUSDT | +0.126% | +0.0100% | 4h | $2.7M | $3.0M | 75x | as long as short |
| GMX ZRO/USD [ETH-USDC] | +0.139% | L +0.0382% / S −0.4219% | 1h | $6K | — | 100x | as long as short |
| MEXC ZRO_USDT | +0.143% | +0.0100% | 4h | $17.8M | $3.9M | 125x | as long as short |
| Polymarket Perps ZRO-USD | +0.151% | +0.0100% | 1h | $83K | $831K | 5x | as long as short |
| 01 Exchange ZROUSD | +0.157% | −0.0080% | 1h | $7K | $3K | 5x | as long as short |
| Lighter ZRO | +0.165% | +0.0096% | 1h | $4.8M | $1.3M | 5x | as long as short |
| ApeX Omni ZROUSDT | +0.185% | +0.0100% | 1h | $37K | $681K | 50x | as long as short |
| Hyperliquid ZRO | +0.193% | +0.0376% | 1h | $39.2M | $7.4M | 5x | as long as short |
| BingX ZRO-USDT | +0.227% | +0.0100% | 4h | — | $9.0M | — | as long as short |
| Bybit ZROUSDT | +0.236% | +0.0100% | 4h | $18.4M | $17.7M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.269% | +0.0081% | 4h | $3.3M | $8.2M | 20x | as long as short |
| Binance ZROUSDT | +0.294% | +0.0100% | 4h | $22.8M | $34.7M | 75x | as long as short |
| Injective ZRO/USDC PERP | +0.437% | +0.1142% | 1h | $12K | $173K | 12x | as long as short |