Market monitor
Arbitrage typeAll
Pair
Side · Exchange · Market
Each leg’s current best bid or ask, chosen by the leg’s side and order type, not the last traded price; an on-chain leg has only a reference price.Bid/ask price
The spread if the long and short legs both open now as takers, as a percentage of the long leg price, at the best bid and ask you can fill immediately. The larger, the better for opening; a positive value means the spread is captured at open.
The spread if the long and short legs both close now as takers, as a percentage of the long leg price, at the best bid and ask you can fill immediately. The smaller, the better for closing.
The open spread is the spread you capture by opening now. The close spread is the spread you give up by closing now. The round-trip spread is the distance between the two: what a position opened and closed right away would give up.
The short leg’s funding rate minus the long leg’s, each converted to a rate per 8 hours; a spot leg counts as 0, and in ZML Trade a margin leg that borrows also subtracts its borrow rate. A positive value means you net receive.
Funding rateRate/chart interval/cap
Whether the net funding rate also runs high when the spread runs high over the last 7 days, weighted toward recent periods, as an integer from −100 to +100: positive means they often run high together, negative means one is high when the other is low, and a larger absolute value means a clearer pattern.
The smaller of the two legs’ 24-hour market turnover, in USD; even when this filter is left empty, only combinations where each leg’s turnover meets the site-wide minimum are listed.
Each leg’s settled funding rates over the period summed separately, short leg minus long leg; a positive value means you net received funding over the period.
Each leg’s settled funding rates over the period summed separately, short leg minus long leg; a positive value means you net received funding over the period.
Each leg’s settled funding rates over the period summed separately, short leg minus long leg; a positive value means you net received funding over the period.
Each leg’s settled funding rates over the period summed separately, short leg minus long leg; a positive value means you net received funding over the period.
Each leg’s settled funding rates over the period summed separately, short leg minus long leg; a positive value means you net received funding over the period.
SIREN/USDT
SIREN/USDT
LongBinancePerp
ShortKuCoinSpot
0.02746
0.03246
+18.2083%
+18.6521%
0.4438%
−0.0100%
+0.0050%/4h±2.0000%
+65
$5.30M
$352K
$7.24M
−0.0938%
−0.1498%
−0.1659%
−0.1535%
−0.1617%
SIREN/USDT
SIREN/USDT
LongBybitPerp
ShortKuCoinSpot
0.02747
0.03246
+18.1653%
+18.6521%
0.4868%
−0.0100%
+0.0050%/4h±2.5000%
+16
$1.53M
$352K
$769K
−0.2616%
−0.3791%
−0.5302%
−0.6673%
−0.8568%
SIREN/USDT
SIREN/USDT
LongKuCoinPerp
ShortKuCoinSpot
0.02748
0.03246
+18.1223%
+18.7386%
0.6163%
−0.0440%
+0.0220%/4h±2.0000%
+52
$143K
$352K
$694K
−0.2221%
−0.3428%
−0.4602%
−0.6028%
−0.7381%
SIREN/USDT
SIREN/USDT
LongGatePerp
ShortKuCoinSpot
0.02748
0.03246
+18.1223%
+18.6521%
0.5298%
−0.0100%
+0.0050%/4h±2.0000%
+35
$216K
$352K
$659K
−0.0537%
−0.1279%
−0.1202%
−0.1248%
−0.1361%
SIREN/USDT
SIREN/USDT
LongBitgetPerp
ShortKuCoinSpot
0.02754
0.03246
+17.8649%
+18.4364%
0.5714%
−0.0304%
+0.0152%/4h±2.0000%
−9
$655K
$352K
$3.04M
−0.1498%
−0.2398%
−0.4693%
−0.7786%
−0.9934%
H100/USDTOther
H100/USDT
LongBitgetPerp
ShortOKXPerp
2.9410
3.2749
+11.3533%
+11.6684%
0.3151%
−1.3711%
+0.0061%/8h±1.0000%
−0.1706%/1h±1.0000%
−67
$740K
$375K
$155K
$88.0K
+6.8950%
+11.3194%
+1.0066%
+4.2957%
+1.7828%
INIT/USDT
INIT/USDT
LongGatePerp
ShortGateSpot
0.16940
0.18279
+7.9044%
+8.3900%
0.4856%
+1.6088%
−0.2011%/1h±2.0000%
−7
$61.4M
$4.98M
$2.22M
+9.3993%
+11.2443%
+11.2209%
+11.1909%
+11.1609%
OPENAI/USDEquity
OPENAI/USDG
LongExtendedPerp
ShortLighter RHPerp
1,283.20
1,380.62
+7.5920%
+7.6924%
0.1005%
−0.0040%
+0.0006%/1h±1.0000%
+0.0001%/1h±0.5000%
+5
$1.11M
$25.0M
$80.9K
$4.57M
−0.0125%
−0.0277%
−0.0419%
−0.0538%
−0.0679%
OPENAI/USDTEquity
OPENAI/USDG
LongBinancePerp
ShortLighter RHPerp
1,283.94
1,380.62
+7.5299%
+7.5624%
0.0325%
−0.0042%
+0.0050%/8h±2.0000%
+0.0001%/1h±0.5000%
+7
$22.8M
$25.0M
$14.8M
$4.57M
−0.0131%
−0.0289%
−0.0437%
−0.0562%
−0.0709%
OPENAI/USDTEquity
OPENAI/USDG
LongGRVTPerp
ShortLighter RHPerp
1,284.07
1,380.62
+7.5191%
+7.5741%
0.0551%
−0.0042%
+0.0050%/8h±2.0000%
+0.0001%/1h±0.5000%
+7
$172K
$25.0M
$1.63K
$4.57M
−0.0131%
−0.0289%
−0.0437%
−0.0562%
−0.0709%
OPENAI/USDTEquity
OPENAI/USDG
LongGatePerp
ShortLighter RHPerp
1,284.29
1,380.62
+7.5006%
+7.5624%
0.0618%
+0.0008%
0.0000%/8h±0.0001%
+0.0001%/1h±0.5000%
+7
$65.3M
$25.0M
$23.2M
$4.57M
+0.0019%
+0.0011%
+0.0013%
+0.0038%
+0.0041%
OPENAI/USD1Equity
OPENAI/USDG
LongAsterPerp
ShortLighter RHPerp
1,286.40
1,380.62
+7.3243%
+7.6068%
0.2825%
−0.0042%
+0.0050%/8h±2.0000%
+0.0001%/1h±0.5000%
+8
$213K
$25.0M
$1.06M
$4.57M
−0.0131%
−0.0289%
−0.0437%
−0.0562%
−0.0709%
WAVES/USDT
WAVES/USDT
LongBybitPerp
ShortGateSpot
0.1765
0.1892
+7.1955%
+7.8843%
0.6888%
+0.3205%
−0.3205%/8h±2.5000%
+79
$5.84M
$252K
$623K
+4.0631%
+4.0331%
+4.0031%
+3.9782%
+3.9482%
OPENAI/USDEquity
OPENAI/USDC
LongExtendedPerp
ShortLighterPerp
1,283.20
1,372.10
+6.9280%
+7.1450%
0.2170%
−0.0040%
+0.0006%/1h±1.0000%
+0.0001%/1h±0.5000%
+10
$1.11M
$1.45M
$80.9K
$1.25M
−0.0122%
−0.0275%
−0.0415%
−0.0544%
−0.0691%
OPENAI/USDTEquity
OPENAI/USDC
LongBinancePerp
ShortLighterPerp
1,283.94
1,372.10
+6.8664%
+7.0156%
0.1493%
−0.0042%
+0.0050%/8h±2.0000%
+0.0001%/1h±0.5000%
+9
$22.8M
$1.45M
$14.8M
$1.25M
−0.0128%
−0.0287%
−0.0433%
−0.0568%
−0.0721%
OPENAI/USDTEquity
OPENAI/USDC
LongGRVTPerp
ShortLighterPerp
1,284.07
1,372.10
+6.8555%
+7.0273%
0.1717%
−0.0042%
+0.0050%/8h±2.0000%
+0.0001%/1h±0.5000%
+9
$172K
$1.45M
$1.63K
$1.25M
−0.0128%
−0.0287%
−0.0433%
−0.0568%
−0.0721%
OPENAI/USDTEquity
OPENAI/USDC
LongGatePerp
ShortLighterPerp
1,284.29
1,372.10
+6.8372%
+7.0156%
0.1784%
+0.0008%
0.0000%/8h±0.0001%
+0.0001%/1h±0.5000%
+8
$65.3M
$1.45M
$23.2M
$1.25M
+0.0022%
+0.0013%
+0.0017%
+0.0032%
+0.0029%
OPENAI/USDTEquity
OPENAI/USDG
LongKuCoinPerp
ShortLighter RHPerp
1,293.05
1,380.62
+6.7724%
+7.2950%
0.5226%
−0.0042%
+0.0050%/8h±2.0000%
+0.0001%/1h±0.5000%
+9
$523K
$25.0M
$412K
$4.57M
−0.0131%
−0.0289%
−0.0437%
−0.0562%
−0.0709%
INIT/USDT
INIT/USDT
LongBinancePerp
ShortGateSpot
0.17122
0.18279
+6.7574%
+7.1616%
0.4042%
+1.9084%
−0.2385%/1h±2.0000%
−35
$1.44B
$4.98M
$13.7M
+25.3683%
+30.3879%
+30.8176%
+30.8180%
+30.7982%
CORE/USDT
CORE/USDT
LongBybitPerp
ShortBitgetSpot
0.01232
0.01315
+6.7370%
+7.1545%
0.4175%
+0.0286%
−0.0286%/8h±2.5000%
+14
$2.97M
$361K
$383K
+0.0113%
+0.0952%
+0.0742%
+0.3970%
+0.3670%
OPENAI/USDCEquity
OPENAI/USDG
LongDeribitPerp
ShortLighter RHPerp
1,293.68
1,380.62
+6.7204%
+6.9742%
0.2538%
−0.0082%
+0.0090%/8h±5.0000%
+0.0001%/1h±0.5000%
+1
$926K
$25.0M
$521K
$4.57M
+0.0012%
+0.0016%
+0.0024%
+0.0027%
+0.0037%
OPENAI/USD1Equity
OPENAI/USDC
LongAsterPerp
ShortLighterPerp
1,286.40
1,372.10
+6.6620%
+7.0598%
0.3978%
−0.0042%
+0.0050%/8h±2.0000%
+0.0001%/1h±0.5000%
+10
$213K
$1.45M
$1.06M
$1.25M
−0.0128%
−0.0287%
−0.0433%
−0.0568%
−0.0721%
CORE/USDT
CORE/USDT
LongOKXPerp
ShortBitgetSpot
0.01233
0.01315
+6.6504%
+6.9805%
0.3301%
−0.0100%
+0.0100%/8h±1.0000%
+21
$5.60M
$361K
$1.12M
−0.0262%
−0.0309%
+0.0187%
−0.0113%
−0.1093%
INIT/USDT
INIT/USDT
LongAsterPerp
ShortGateSpot
0.17149
0.18279
+6.5893%
+7.5512%
0.9618%
+1.7241%
−0.2155%/1h±2.0000%
−42
$2.49M
$4.98M
$60.0K
+23.1759%
+27.7644%
+28.2455%
+28.2938%
+28.2815%
INIT/USDC
INIT/USDT
LongHyperliquidPerp
ShortGateSpot
0.171560
0.182790
+6.5458%
+7.0428%
0.4970%
+3.4279%
−0.4285%/1h±4.0000%
−10
$29.6M
$4.98M
$1.83M
+10.9348%
+15.7019%
+16.3043%
+16.2743%
+16.2443%
INIT/USDT
INIT/USDT
LongBitgetPerp
ShortGateSpot
0.17165
0.18279
+6.4900%
+6.9679%
0.4780%
+2.8736%
−0.3592%/1h±2.0000%
−10
$105M
$4.98M
$1.94M
+18.4136%
+22.1772%
+22.2515%
+22.2215%
+22.1915%
CORE/USDT
CORE/USDT
LongGatePerp
ShortBitgetSpot
0.01237
0.01315
+6.3056%
+6.8071%
0.5016%
+0.1030%
−0.1030%/8h±2.0000%
+37
$488K
$361K
$152K
+0.3788%
+0.3145%
+0.1335%
+0.0794%
+0.0363%
OPENAI/USDTEquity
OPENAI/USDC
LongKuCoinPerp
ShortLighterPerp
1,293.05
1,372.10
+6.1135%
+6.7495%
0.6361%
−0.0042%
+0.0050%/8h±2.0000%
+0.0001%/1h±0.5000%
+9
$523K
$1.45M
$412K
$1.25M
−0.0128%
−0.0287%
−0.0433%
−0.0568%
−0.0721%
INIT/USDT
INIT/USDT
LongOKXPerp
ShortGateSpot
0.17228
0.18279
+6.1005%
+6.4898%
0.3893%
+2.0452%
−0.2556%/1h±1.0000%
+76
$279M
$4.98M
$4.58M
+11.1560%
+13.7286%
+13.8847%
+13.8547%
+13.8247%
OPENAI/USDCEquity
OPENAI/USDC
LongDeribitPerp
ShortLighterPerp
1,293.68
1,372.10
+6.0618%
+6.4303%
0.3686%
−0.0082%
+0.0090%/8h±5.0000%
+0.0001%/1h±0.5000%
+2
$926K
$1.45M
$521K
$1.25M
+0.0015%
+0.0018%
+0.0028%
+0.0021%
+0.0025%
OPENAI/USDTEquity
OPENAI/USDG
LongOKXPerp
ShortLighter RHPerp
1,302.90
1,380.62
+5.9652%
+6.0874%
0.1223%
+0.0008%
0.0000%/8h±1.0000%
+0.0001%/1h±0.5000%
+9
$789K
$25.0M
$3.06M
$4.57M
+0.0019%
+0.0011%
+0.0013%
+0.0038%
+0.0041%
INIT/USDT
INIT/USDT
LongKuCoinPerp
ShortGateSpot
0.17293
0.18279
+5.7017%
+6.4095%
0.7078%
+2.2656%
−0.2832%/1h±2.0000%
−38
$22.6M
$4.98M
$2.48M
+21.5359%
+25.8972%
+26.2247%
+26.1963%
+26.1663%
OPENAI/USDTEquity
OPENAI/USDC
LongOKXPerp
ShortLighterPerp
1,302.90
1,372.10
+5.3112%
+5.5481%
0.2369%
+0.0008%
0.0000%/8h±1.0000%
+0.0001%/1h±0.5000%
+9
$789K
$1.45M
$3.06M
$1.25M
+0.0022%
+0.0013%
+0.0017%
+0.0032%
+0.0029%
GIGADEV/USDCEquity
GIGADEV/USDT
LongHyperliquid · XYZPerp
ShortOKXPerp
38.8520
40.8290
+5.0885%
+5.4798%
0.3913%
−0.0773%
+0.0097%/1h±4.0000%
0.0000%/8h±1.0000%
−27
$1.33M
$740K
$1.54M
$620K
−0.1060%
−0.3021%
−0.4535%
−0.4587%
−0.4729%
GIGADEV/USDCEquity
GIGADEV/USDT
LongHyperliquid · XYZPerp
ShortBinancePerp
38.8520
40.8100
+5.0396%
+5.4669%
0.4273%
−0.0773%
+0.0097%/1h±4.0000%
0.0000%/4h±1.0000%
−19
$1.33M
$7.06M
$1.54M
$2.10M
−0.1226%
−0.2048%
−0.3074%
−0.3126%
−0.3340%
GIGADEV/USDCEquity
GIGADEV/USDC
LongHyperliquid · XYZPerp
ShortedgeXPerp
38.8520
40.7700
+4.9367%
+5.5960%
0.6593%
−0.0209%
+0.0097%/1h±4.0000%
+0.0282%/4h±2.0000%
−15
$1.33M
$185K
$1.54M
$45.8K
−0.0511%
−0.1127%
−0.1455%
−0.0003%
+0.0055%
GIGADEV/USDCEquity
GIGADEV/USDT
LongHyperliquid · XYZPerp
ShortKuCoinPerp
38.8520
40.7000
+4.7565%
+5.4411%
0.6846%
−0.0773%
+0.0097%/1h±4.0000%
0.0000%/4h±1.0000%
−26
$1.33M
$327K
$1.54M
$36.5K
−0.1060%
−0.3027%
−0.4399%
−0.4023%
−0.3341%
1000CAT/USDT
1000CAT/USDT
LongBinanceSpot
ShortBybitPerp
0.0₅2
0.0₅2
+4.7443%
+4.9322%
0.1879%
+0.0100%
+0.0012%/1h±2.0000%
−52
$403K
$298K
$480K
−0.4820%
−3.3944%
−6.2458%
−6.0801%
−7.6602%
INIT/USDT
INIT/USDT
LongGatePerp
ShortBybitPerp
0.16940
0.17690
+4.4274%
+4.5495%
0.1221%
−2.2253%
−0.2011%/1h±2.0000%
−0.4793%/1h±2.0000%
−80
$61.4M
$321M
$2.22M
$3.33M
−8.9553%
−14.1817%
−15.0518%
−15.2262%
−15.3466%
INIT/USDT
INIT/USDT
LongGatePerp
ShortBinanceSpot
0.16940
0.17644
+4.1558%
+4.3959%
0.2400%
+1.6088%
−0.2011%/1h±2.0000%
+48
$61.4M
$49.6M
$2.22M
+9.3993%
+11.2443%
+11.2209%
+11.1909%
+11.1609%
OPENAI/USDEquity
OPENAI/USDT
LongExtendedPerp
ShortBitgetPerp
1,283.20
1,336.40
+4.1459%
+4.2361%
0.0903%
+0.0002%
+0.0006%/1h±1.0000%
+0.0050%/8h±1.0000%
—
$1.11M
$101M
$80.9K
$14.3M
+0.0006%
+0.0012%
+0.0018%
+0.0024%
+0.0030%
INIT/USDT
INIT/USDT
LongGatePerp
ShortKuCoinSpot
0.169400
0.176398
+4.1311%
+6.0260%
1.8949%
+1.6088%
−0.2011%/1h±2.0000%
−14
$61.4M
$399K
$2.22M
+9.3993%
+11.2443%
+11.2209%
+11.1909%
+11.1609%
OPENAI/USDTEquity
OPENAI/USDT
LongBinancePerp
ShortBitgetPerp
1,283.94
1,336.40
+4.0859%
+4.1103%
0.0244%
0.0000%
+0.0050%/8h±2.0000%
+0.0050%/8h±1.0000%
—
$22.8M
$101M
$14.8M
$14.3M
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
OPENAI/USDTEquity
OPENAI/USDT
LongGRVTPerp
ShortBitgetPerp
1,284.07
1,336.40
+4.0753%
+4.1216%
0.0463%
0.0000%
+0.0050%/8h±2.0000%
+0.0050%/8h±1.0000%
—
$172K
$101M
$1.63K
$14.3M
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
OPENAI/USDTEquity
OPENAI/USDT
LongGatePerp
ShortBitgetPerp
1,284.29
1,336.40
+4.0575%
+4.1103%
0.0528%
+0.0050%
0.0000%/8h±0.0001%
+0.0050%/8h±1.0000%
—
$65.3M
$101M
$23.2M
$14.3M
+0.0150%
+0.0300%
+0.0450%
+0.0600%
+0.0750%
OPENAI/USD1Equity
OPENAI/USDT
LongAsterPerp
ShortBitgetPerp
1,286.40
1,336.40
+3.8868%
+4.1533%
0.2665%
0.0000%
+0.0050%/8h±2.0000%
+0.0050%/8h±1.0000%
—
$213K
$101M
$1.06M
$14.3M
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
INIT/USDT
INIT/USDC
LongGatePerp
ShortBinanceSpot
0.16940
0.17567
+3.7013%
+4.6440%
0.9427%
+1.6088%
−0.2011%/1h±2.0000%
+48
$61.4M
$1.82M
$2.22M
+9.3993%
+11.2443%
+11.2209%
+11.1909%
+11.1609%
INIT/USDT
INIT/USDT
LongGatePerp
ShortBybitSpot
0.16940
0.17510
+3.3648%
+3.6278%
0.2630%
+1.6088%
−0.2011%/1h±2.0000%
+21
$61.4M
$6.06M
$2.22M
+9.3993%
+11.2443%
+11.2209%
+11.1909%
+11.1609%
OPENAI/USDTEquity
OPENAI/USDT
LongKuCoinPerp
ShortBitgetPerp
1,293.05
1,336.40
+3.3525%
+3.8514%
0.4989%
0.0000%
+0.0050%/8h±2.0000%
+0.0050%/8h±1.0000%
—
$523K
$101M
$412K
$14.3M
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
INIT/USDT
INIT/USDT
LongBinancePerp
ShortBybitPerp
0.17122
0.17690
+3.3174%
+3.3647%
0.0473%
−1.9257%
−0.2385%/1h±2.0000%
−0.4793%/1h±2.0000%
−88
$1.44B
$321M
$13.7M
$3.33M
+7.0136%
+4.9619%
+4.5449%
+4.4009%
+4.2907%