ArbiLayer

ZRO arbitrage

live

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

Best net spread-0.05%OKX → Hyperliquid · Perp–Perp
Best perp–perp spread+0.11%OKX → Hyperliquid
Markets tracked1710 venues · 10 perp · 7 spot · 0 DEX
Price range0.15%$2.22 – $2.23

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
OKX logoOKX$2.22Hyperliquid logoHyperliquid$2.22 +0.11%-0.05% +0.11%— 0.000%— LS Chart →
Binance logoBinance$2.22Hyperliquid logoHyperliquid$2.22 +0.10%-0.06% +0.09%— 0.000%+0.82% LS Chart →
Bitget logoBitget$2.22Hyperliquid logoHyperliquid$2.22 +0.10%-0.06% +0.09%— 0.000%— LS Chart →
MEXC logoMEXC$2.22Hyperliquid logoHyperliquid$2.22 +0.09%-0.07% +0.08%— 0.000%— LS Chart →
Gate logoGate$2.22Hyperliquid logoHyperliquid$2.22 +0.07%-0.09% +0.07%— 0.000%+0.83% LS Chart →
Bybit logoBybit$2.22Hyperliquid logoHyperliquid$2.22 +0.06%-0.10% +0.06%— 0.000%— LS Chart →
OKX logoOKX$2.22Aster logoAster$2.22 +0.06%-0.10% +0.06%— 0.000%— LS Chart →
OKX logoOKX$2.22Bybit logoBybit$2.22 +0.05%-0.11% +0.05%— 0.000%— LS Chart →
Binance logoBinance$2.22Aster logoAster$2.22 +0.04%-0.12% +0.04%— 0.000%+0.08% LS Chart →
Bitget logoBitget$2.22Aster logoAster$2.22 +0.04%-0.12% +0.04%— 0.000%— LS Chart →
KuCoin logoKuCoin$2.22Hyperliquid logoHyperliquid$2.22 +0.04%-0.12% +0.04%— 0.000%— LS Chart →
MEXC logoMEXC$2.22Aster logoAster$2.22 +0.04%-0.12% +0.04%— 0.000%— LS Chart →
Binance logoBinance$2.22Bybit logoBybit$2.22 +0.03%-0.13% +0.03%— 0.000%— LS Chart →
Bitget logoBitget$2.22Bybit logoBybit$2.22 +0.03%-0.13% +0.03%— 0.000%— LS Chart →
OKX logoOKX$2.22MEXC logoMEXC$2.22 +0.02%-0.14% +0.02%— 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 $2.22$2.22$2.22-0.02% +0.030%$44.22M
Hyperliquid logoHyperliquidPerpetual · ZROPerpetual $2.22$2.23$2.22+0.06% +0.030%$35.25M
OKX logoOKXPerpetual · ZRO-USDT-SWAPPerpetual $2.22$2.22$2.22-0.07% +0.030%$33.85M
MEXC logoMEXCPerpetual · ZRO_USDTPerpetual $2.22$2.22$2.22-0.04% +0.030%$17.31M
Bitget logoBitgetPerpetual · ZROUSDTPerpetual $2.22$2.22$2.22-0.08% +0.030%$7.82M
Bybit logoBybitSpot · ZROUSDTSpot $2.22$2.22$2.22+0.00% —$6.20M
Gate logoGateSpot · ZRO_USDTSpot $2.22$2.22$2.22+0.01% —$5.56M
OKX logoOKXSpot · ZRO-USDTSpot $2.22$2.22$2.22+0.01% —$5.14M
KuCoin logoKuCoinPerpetual · ZROUSDTMPerpetual $2.22$2.22$2.22-0.07% +0.030%$2.90M
KuCoin logoKuCoinSpot · ZRO-USDTSpot $2.22$2.22$2.220.00% —$2.55M
Gate logoGatePerpetual · ZRO_USDTPerpetual $2.22$2.22$2.22-0.04% +0.030%$1.79M
Variational logoVariationalPerpetual · ZROPerpetual $2.22$2.22$2.22-0.03% +0.030%$1.35M
Bitget logoBitgetSpot · ZROUSDTSpot $2.22$2.23$2.23+0.07% —$784.0K
Binance logoBinancePerpetual · ZROUSDTPerpetual $2.22$2.22$2.22-0.05% +0.030%—
Aster logoAsterPerpetual · ZROUSDTPerpetual $2.22$2.23$2.22+0.04% +0.030%—
Binance logoBinanceSpot · ZROUSDTSpot $2.22$2.23$2.22+0.04% ——
MEXC logoMEXCSpot · ZROUSDTSpot $2.22$2.23$2.22+0.02% ——
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 OKX perp at $2.22 and the highest bid on Hyperliquid perp at $2.22.

The widest ZRO perpetual spread is between OKX and Hyperliquid: long ZRO on OKX at $2.22 and short on Hyperliquid at $2.22 for +0.11% gross, or -0.05% 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 Gate and short the perpetual on Hyperliquid: +0.02% gross, -0.18% net, with +0.030% a day of funding on the short leg.

Spot–spot ZRO arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows -0.00% 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 OKX → sell on Hyperliquid (Perp–Perp): +0.11% gross and -0.05% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest ZRO?

OKX (perp) has the lowest ZRO ask at $2.22, and Hyperliquid (perp) the highest bid at $2.22. 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 (OKX now) and short it on the more expensive one (Hyperliquid), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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