data as of
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Price arb /

ZRO

all ZRO markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)+0.159%
7d average+0.042%if it closes, per $10,000$16funding while held, a day−$0.75
Long on Variational OmniShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ZRO1.22020.0100pay 0.0050% / 4h1h 59m$2.4M$735K—
ShortBackpack ZRO_USDC_PERP1.22210.0075get 0.0009% / 1h59m 06s$87K$169K20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$15.86
Funding while held
−$0.75
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Backpack: 5 bp × 2 orders
−$10
Net
$5.11
Spread needed to break even
0.100%
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Backpack: live order book, 61 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0025%
Per $10,000 a day
−$0.75
Average in range /8h
—

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, 1 min ago3.98 bpdoesn't fit45.1 bp −$451doesn't fitdoesn't fit
Sell Backpack live order book, 61 min ago0.41 bp6.1 bp −$6doesn't fitdoesn't fitdoesn't fit

ZRO price on every exchange

against the cheapest. Click to use as the short leg.
Bybit1.2190cheapestInjective1.2190cheapestOKX1.2192+0.016%BloFin1.2195+0.041%Binance1.2199+0.077%Pacifica1.2200+0.080%
Variational Omni1.2202+0.096%
BingX1.2205+0.123%Gate1.2210+0.164%dYdX1.2213+0.193%Aevo1.2217+0.225%Polymarket Perps1.2218+0.230%Bitget1.2219+0.238%GMX1.2220+0.246%ApeX Omni1.2220+0.246%
Backpack1.2221+0.254%
Extended1.2223+0.270%Orderly1.2223+0.271%MEXC1.2224+0.279%KuCoin1.2225+0.287%Nado1.2226+0.296%Hyperliquid1.2230+0.328%Aster1.2231+0.336%Kraken Futures1.2231+0.338%Lighter1.2236+0.381%

ZRO on 25 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit ZROUSDT−0.095%+0.0100%4h$18.9M$16.9M50xas long as short
Injective ZRO/USDC PERP−0.095%+0.0032%1h$13K$146K12xas long as short
OKX ZRO-USDT-SWAP−0.079%−0.0084%4h$3.4M$8.3M20xas long as short
BloFin ZRO-USDT−0.054%+0.0077%4h$1.1M$293K75xas long as short
Binance ZROUSDT−0.019%+0.0100%4h$23.4M$33.3M75xas long as short
Pacifica ZRO−0.015%+0.0100%1h$148K$217K5xas long as short
Variational Omni ZROlong0.000%+0.0100%4h$2.4M$735K—
BingX ZRO-USDT+0.027%+0.0100%4h—$8.6M—as long as short
Gate ZRO_USDT+0.068%+0.0100%4h$1.4M$2.0M75xas long as short
dYdX ZRO-USD+0.097%0.0000%1h$22K$4195xas long as short
Show all 25 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aevo ZRO-PERP+0.129%+0.0104%1h$22K—3xas long as short
Polymarket Perps ZRO-USD+0.134%+0.0100%1h$87K$855K5xas long as short
Bitget ZROUSDT+0.142%+0.0100%4h$2.8M$2.9M75xas long as short
GMX ZRO/USD [ETH-USDC]+0.150%L +0.0410% / S −0.4670%1h$6K—100xas long as short
ApeX Omni ZROUSDT+0.150%+0.0100%1h$39K$671K50xas long as short
Backpack ZRO_USDC_PERPshort+0.159%+0.0075%1h$87K$169K20x
Extended ZRO-USD+0.174%+0.1560%1h$817K$457K10xas long as short
Orderly PERP_ZRO_USDC+0.175%−0.0098%4h$21K$7K10xas long as short
MEXC ZRO_USDT+0.183%+0.0100%4h$17.8M$3.7M125xas long as short
KuCoin ZROUSDTM+0.191%+0.0100%4h$2.6M$1.3M50xas long as short
Nado ZRO-PERP+0.200%+0.0100%1h$1.4M$107K5xas long as short
Hyperliquid ZRO+0.232%+0.0100%1h$40.4M$7.1M5xas long as short
Aster ZROUSDT+0.241%+0.0100%4h$138K$101K10xas long as short
Kraken Futures PF_ZROUSD+0.243%−0.0944%1h$275K$566K25xas long as short
Lighter ZRO+0.286%+0.0096%1h$4.9M$1.2M5xas long as short