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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: ApeX Omni against Polymarket Perps+0.209%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$610.610% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.103%+$10 on $10k
Price spread, last 4 days (all we have)−0.227%−$23 · spread now +0.209%, 7d avg −0.033%
Together, before fees−0.124%−$12 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: ApeX Omni is 0.243% dearer against Polymarket Perps than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ZRO-USD1.19550.0100pay 0.0013% / 1h42m 34s$101K$805K5x
ShortApeX Omni ZROUSDT1.19800.0100get 0.0013% / 1h42m 34s$40K$667K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Polymarket Perps. 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: +0.209% → −0.033%
$24.26
Slippage, 4 orders
−$42.95
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$36.69
Costs to cover
0.610%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 80 min ago; ApeX Omni: live order book, 56 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 Polymarket Perps live order book, 80 min ago2.14 bp6.4 bp −$68.9 bp −$89doesn't fitdoesn't fit
Sell ApeX Omni live order book, 56 min ago12.88 bp22.6 bp −$23134.4 bp −$1,344doesn'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
01 Exchange ZROUSD−0.0272%1h1.1959+0.032%$4K$5K5xas long as short
dYdX ZRO-USD0.0000%1h1.1972+0.139%$21K$5K5xas long as short
Orderly PERP_ZRO_USDC+0.0074%4h1.1946−0.075%$21K$4K10xas long as short
BloFin ZRO-USDT+0.0076%4h1.1953−0.017%$1.1M$202K75xas long as short
Lighter ZRO+0.0096%1h1.1969+0.117%$4.5M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1964+0.075%$37.9M$5.5M5xas long as short
Aster ZROUSDT+0.0100%4h1.1973+0.151%$162K$151K10xas long as short
Pacifica ZRO+0.0100%1h1.1957+0.018%$141K$168K5xas long as short
Binance ZROUSDT+0.0100%4h1.1964+0.075%$22.5M$29.6M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1964+0.075%$18.4M$13.4M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1975+0.167%$3.2M$8.0M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1950−0.042%$1.4M$1.3M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1953−0.017%$20.0M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1951−0.033%$2.5M$2.2M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1953−0.017%$2.8M$2.6M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1959+0.033%$21.7Mas long as short
Variational Omni ZRO+0.0100%4h1.1962+0.059%$2.3M$760Kas long as short
ApeX Omni ZROUSDTshort+0.0100%1h1.1980+0.209%$40K$667K50x
Polymarket Perps ZRO-USDlong+0.0100%1h1.1955long leg$101K$805K5x
Aevo ZRO-PERP+0.0104%1h1.1944−0.088%$21K3xas long as short
Nado ZRO-PERP+0.0156%1h1.1969+0.118%$1.4M$130K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0295% / S −0.2341%1h1.1950−0.043%$3K100xas long as short
Extended ZRO-USD+0.0416%1h1.1964+0.076%$819K$647K10xas long as short
Kraken Futures PF_ZROUSD+0.0549%1h1.1949−0.052%$272K$318K25xas long as short
Backpack ZRO_USDC_PERP+0.0700%1h1.1957+0.017%$96K$222K20xas long as short
Injective ZRO/USDC PERP+0.1160%1h1.1990+0.293%$13K$258K12xas long as short