ArbiLayer

ZRO arbitrage

live

Live LayerZero price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.03%Variational → Aster · Perp–Perp
Best perp–perp spread+0.13%Variational → Aster
Markets tracked1710 venues · 10 perp · 7 spot · 0 DEX
Price range0.25%$2.16 – $2.16

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Variational logoVariational$2.16Aster logoAster$2.16 +0.13%-0.03% +0.13%— +0.000%— LS Chart →
Variational logoVariational$2.16Hyperliquid logoHyperliquid$2.16 +0.11%-0.05% +0.11%— +0.000%— LS Chart →
Variational logoVariational$2.16Bybit logoBybit$2.16 +0.10%-0.06% +0.10%— +0.000%— LS Chart →
Variational logoVariational$2.16OKX logoOKX$2.16 +0.08%-0.08% +0.08%— +0.000%— LS Chart →
MEXC logoMEXC$2.16Aster logoAster$2.16 +0.08%-0.08% +0.08%— 0.000%— LS Chart →
Gate logoGate$2.16Aster logoAster$2.16 +0.08%-0.08% +0.08%— 0.000%+0.09% LS Chart →
Variational logoVariational$2.16Binance logoBinance$2.16 +0.07%-0.09% +0.07%— +0.000%— LS Chart →
MEXC logoMEXC$2.16Hyperliquid logoHyperliquid$2.16 +0.06%-0.10% +0.05%— 0.000%— LS Chart →
Gate logoGate$2.16Hyperliquid logoHyperliquid$2.16 +0.06%-0.10% +0.05%— 0.000%— LS Chart →
Binance logoBinance$2.16Aster logoAster$2.16 +0.06%-0.10% +0.06%— 0.000%+0.08% LS Chart →
Variational logoVariational$2.16MEXC logoMEXC$2.16 +0.05%-0.11% +0.05%— +0.000%— LS Chart →
Bitget logoBitget$2.16Aster logoAster$2.16 +0.05%-0.11% +0.05%— 0.000%— LS Chart →
MEXC logoMEXC$2.16Bybit logoBybit$2.16 +0.04%-0.12% +0.04%— 0.000%— LS Chart →
Gate logoGate$2.16Bybit logoBybit$2.16 +0.04%-0.12% +0.04%— 0.000%— LS Chart →
Binance logoBinance$2.16Hyperliquid logoHyperliquid$2.16 +0.03%-0.13% +0.03%— 0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

ZRO price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · ZROUSDTPerpetual $2.16$2.16$2.160.00% +0.030%$43.20M
Hyperliquid logoHyperliquidPerpetual · ZROPerpetual $2.16$2.16$2.16+0.02% +0.030%$33.70M
OKX logoOKXPerpetual · ZRO-USDT-SWAPPerpetual $2.16$2.16$2.16-0.01% +0.030%$32.40M
MEXC logoMEXCPerpetual · ZRO_USDTPerpetual $2.16$2.16$2.16-0.05% +0.030%$17.12M
Bitget logoBitgetPerpetual · ZROUSDTPerpetual $2.16$2.16$2.16-0.05% +0.030%$7.61M
Bybit logoBybitSpot · ZROUSDTSpot $2.16$2.16$2.16+0.04% —$6.12M
Gate logoGateSpot · ZRO_USDTSpot $2.16$2.16$2.16+0.03% —$5.39M
OKX logoOKXSpot · ZRO-USDTSpot $2.16$2.16$2.16+0.04% —$4.98M
KuCoin logoKuCoinPerpetual · ZROUSDTMPerpetual $2.16$2.16$2.16-0.01% +0.030%$2.76M
KuCoin logoKuCoinSpot · ZRO-USDTSpot $2.16$2.16$2.16+0.06% —$2.47M
Gate logoGatePerpetual · ZRO_USDTPerpetual $2.16$2.16$2.16-0.07% +0.030%$1.76M
Variational logoVariationalPerpetual · ZROPerpetual $2.16$2.16$2.16-0.16% +0.030%$1.38M
Bitget logoBitgetSpot · ZROUSDTSpot $2.16$2.16$2.16+0.09% —$748.2K
Binance logoBinancePerpetual · ZROUSDTPerpetual $2.16$2.16$2.16-0.02% +0.030%—
Aster logoAsterPerpetual · ZROUSDTPerpetual $2.16$2.16$2.16+0.09% +0.030%—
Binance logoBinanceSpot · ZROUSDTSpot $2.16$2.16$2.16+0.05% ——
MEXC logoMEXCSpot · ZROUSDTSpot $2.16$2.16$2.16-0.05% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

ZRO arbitrage explained

Right now LayerZero (ZRO) trades on 10 venues we scan: 10 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Variational perp at $2.16 and the highest bid on Bitget spot at $2.16.

The widest ZRO perpetual spread is between Variational and Aster: long ZRO on Variational at $2.16 and short on Aster at $2.16 for +0.13% gross, or -0.03% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.000% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best ZRO route is to buy spot on MEXC and short the perpetual on Aster: +0.02% gross, -0.18% net, with +0.030% a day of funding on the short leg.

Spot–spot ZRO arbitrage (buy on MEXC, withdraw, deposit and sell on Bitget) shows +0.03% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small ZRO gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: ZRO funding rates · ZRO spread charts · LayerZero price · arbitrage scanner for all coins.

Is there a ZRO arbitrage opportunity right now?

The best ZRO route right now is to buy on Variational → sell on Aster (Perp–Perp): +0.13% gross and -0.03% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest ZRO?

Variational (perp) has the lowest ZRO ask at $2.16, and Bitget (spot) the highest bid at $2.16. Prices update every 15 seconds on this page.

How many exchanges list ZRO?

ArbiLayer tracks 17 ZRO markets on 10 venues: 10 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage ZRO without transferring coins?

Use two perpetual contracts: go long ZRO on the cheaper exchange (Variational now) and short it on the more expensive one (Aster), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

CRO +18.26%BDX +7.08%ONE +6.79%BLAST +6.74%ESPORTS +6.53%OPENAI +5.07%FLYBRAIN +4.64%AI +4.06%SPCX +3.72%ANTHROPIC +3.56%EGLD +3.50%CATE +3.44%OURA +3.05%ZIL +3.04%SNEK +3.02%H100 +2.81%STAMP +2.44%BEN +2.38%