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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.2241%/8h= +245.4% APRnext payment +$2.80 per $10,000 · paid last 24h +0.837%
Price spread now: GMX against Pacifica−0.131%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Funding pays, the price is against you. GMX is 0.131% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.131% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 5 hours of funding at the current rate (+$67 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ZRO1.17310.0100pay 0.0013% / 1h57m 25s$138K$174K5x
ShortGMX ZRO/USD [ETH-USDC]1.1716L +0.0293% / S −0.2341%get 0.0293% / 1h57m 25s$3K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Pacifica. 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
$470.65
Price spread: −0.131% → 0.000%
−$13.08
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee GMX: 6 bp × 2 orders
−$12
Net
$437.56
Costs to cover
0.200%
Break-even
0.5 days
Slippage unknown: Pacifica: live order book, 50 min ago; GMX: 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 Pacifica live order book, 50 min ago6.87 bp17.8 bp −$18doesn't fitdoesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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 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
dYdX ZRO-USD0.0000%1h1.1737+0.050%$21K$5K5xas long as short
BloFin ZRO-USDT+0.0059%4h1.1697−0.292%$1.0M$253K75xas long as short
Orderly PERP_ZRO_USDC+0.0077%4h1.1708−0.198%$20K$4K10xas long as short
01 Exchange ZROUSD+0.0088%1h1.1725−0.051%$4K$5K5xas long as short
Lighter ZRO+0.0096%1h1.1733+0.016%$4.4M$1.2M5xas long as short
Aster ZROUSDT+0.0100%4h1.1721−0.091%$158K$151K10xas long as short
Pacifica ZROlong+0.0100%1h1.1731long leg$138K$174K5x
Binance ZROUSDT+0.0100%4h1.1714−0.147%$21.9M$29.4M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1707−0.207%$18.0M$13.6M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1708−0.198%$3.2M$7.8M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1710−0.181%$1.3M$1.4M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1715−0.138%$19.2M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1724−0.062%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1709−0.190%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1712−0.164%$16.6Mas long as short
Variational Omni ZRO+0.0100%4h1.1717−0.123%$2.3M$812Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1720−0.096%$39K$672K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1725−0.053%$99K$819K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1708−0.196%$21K3xas long as short
Nado ZRO-PERP+0.0172%1h1.1716−0.134%$1.3M$126K5xas long as short
Hyperliquid ZRO+0.0223%1h1.1729−0.019%$37.2M$5.5M5xas long as short
GMX ZRO/USD [ETH-USDC]shortL +0.0293% / S −0.2341%1h1.1716−0.131%$3K100x
Backpack ZRO_USDC_PERP+0.0355%1h1.1741+0.083%$96K$222K20xas long as short
Kraken Futures PF_ZROUSD+0.0512%1h1.1738+0.061%$254K$333K25xas long as short
Extended ZRO-USD+0.0880%1h1.1716−0.128%$803K$625K10xas long as short
Injective ZRO/USDC PERP+0.1317%1h1.1760+0.245%$12K$261K12xas long as short