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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: ApeX Omni against Variational Omni+0.601%103s7-day average +0.081% · you sell dearer than you buy
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)+0.005%+$1 on $10k
Price spread, last 4 days (all we have)−0.693%−$69 · spread now +0.601%, 7d avg +0.081%
Together, before fees−0.688%+ Points / potential airdropVariational Omni: Active · farm board−$69 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 0.520% dearer against Variational Omni than usual: you sell high and buy low, +$52 on $10k if it goes back to its 7-day average of +0.081%. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ZRO1.16900.0100pay 0.0050% / 4h2h 45m$2.3M$837K
ShortApeX Omni ZROUSDT1.17600.0100get 0.0013% / 1h45m 50s$39K$684K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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: +0.601% → +0.081%
$52.02
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$42.02
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; ApeX Omni: live order book, 23 min ago. 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 Variational Omni RFQ quote, 3 min ago4.43 bpdoesn't fit40.0 bp −$400doesn't fitdoesn't fit
Sell ApeX Omni live order book, 23 min ago8.44 bp17.2 bp −$17118.7 bp −$1,187doesn'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−0.0200%1h1.1696+0.050%$7K$3K5xas long as short
dYdX ZRO-USD0.0000%1h1.1709+0.167%$21K$3K5xas long as short
Orderly PERP_ZRO_USDC+0.0012%4h1.1699+0.080%$20K$6K10xas long as short
Lighter ZRO+0.0096%1h1.1713+0.204%$4.4M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1708+0.157%$37.1M$5.5M5xas long as short
Aster ZROUSDT+0.0100%4h1.1718+0.246%$157K$149K10xas long as short
Pacifica ZRO+0.0100%1h1.1709+0.166%$136K$168K5xas long as short
Binance ZROUSDT+0.0100%4h1.1692+0.020%$21.9M$30.0M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1682−0.066%$17.9M$14.1M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1692+0.020%$3.2M$7.9M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1690+0.003%$1.3M$1.5M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1693+0.028%$19.0M$2.7M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1718+0.242%$2.3M$1.9M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1684−0.049%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1690+0.003%$16.5Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1708+0.157%$99K$212K20xas long as short
Variational Omni ZROlong+0.0100%4h1.1690long leg$2.3M$837K
ApeX Omni ZROUSDTshort+0.0100%1h1.1760+0.601%$39K$684K50x
Polymarket Perps ZRO-USD+0.0100%1h1.1702+0.105%$92K$841K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1705+0.135%$21K3xas long as short
BloFin ZRO-USDT+0.0132%4h1.1753+0.542%$1.1M$253K75xas long as short
Nado ZRO-PERP+0.0214%1h1.1701+0.097%$1.3M$126K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1702+0.102%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0371%1h1.1713+0.198%$251K$407K25xas long as short
Extended ZRO-USD+0.0992%1h1.1690+0.007%$784K$593K10xas long as short
Injective ZRO/USDC PERP+0.1213%1h1.1780+0.773%$12K$260K12xas long as short