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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.039%
Price spread now: OKX against Polymarket Perps0.000%7-day average −0.081% · 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−$46as in the Price arb table
costs, in and out, $10k−$540.541% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.027%+$3 on $10k
Price spread, last 4 days (all we have)−0.124%−$12 · spread now 0.000%, 7d avg −0.081%
Together, before fees−0.096%−$10 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: OKX is 0.081% dearer against Polymarket Perps than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.081%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ZRO-USD1.16650.0100pay 0.0013% / 1h29m 58s$99K$817K5x
ShortOKX ZRO-USDT-SWAP1.16650.0100get 0.0050% / 4h1h 29m$3.2M$7.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: 0.000% → −0.081%
$8.09
Slippage, 4 orders
−$36.15
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$46.06
Costs to cover
0.541%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 38 min ago; OKX: live order book, 3 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, 38 min ago3.83 bp7.9 bp −$810.8 bp −$108doesn't fitdoesn't fit
Sell OKX live order book, 3 min ago2.14 bp19.0 bp −$1976.0 bp −$760doesn'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 ZROUSD0.0000%1h1.1654−0.093%$4K$5K5xas long as short
BloFin ZRO-USDT+0.0042%4h1.1660−0.043%$1.0M$201K75xas long as short
dYdX ZRO-USD+0.0042%1h1.1649−0.134%$21K$5K5xas long as short
Orderly PERP_ZRO_USDC+0.0092%4h1.1658−0.060%$20K$4K10xas long as short
Lighter ZRO+0.0096%1h1.1681+0.136%$4.3M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1672+0.060%$37.0M$5.5M5xas long as short
Aster ZROUSDT+0.0100%4h1.1668+0.026%$157K$150K10xas long as short
Pacifica ZRO+0.0100%1h1.1648−0.144%$137K$172K5xas long as short
Binance ZROUSDT+0.0100%4h1.1664−0.011%$21.8M$29.2M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1658−0.060%$17.9M$13.4M50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAPshort+0.0100%4h1.16650.000%$3.2M$7.7M20x
Gate ZRO_USDT+0.0100%4h1.1650−0.129%$1.3M$1.4M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.16650.000%$19.1M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1651−0.120%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1663−0.017%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1661−0.034%$16.6Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1670+0.043%$95K$220K20xas long as short
Variational Omni ZRO+0.0100%4h1.1644−0.180%$2.3M$799Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1660−0.043%$39K$670K50xas long as short
Polymarket Perps ZRO-USDlong+0.0100%1h1.1665long leg$99K$817K5x
Aevo ZRO-PERP+0.0104%1h1.1658−0.059%$21K3xas long as short
Nado ZRO-PERP+0.0284%1h1.1658−0.063%$1.3M$127K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1659−0.050%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0515%1h1.1672+0.057%$253K$298K25xas long as short
Extended ZRO-USD+0.0640%1h1.1661−0.034%$799K$626K10xas long as short
Injective ZRO/USDC PERP+0.1317%1h1.1700+0.300%$12K$261K12xas long as short