ArbiLayer

ZRO arbitrage

live

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

Best net spread-0.06%Bybit → Hyperliquid · Perp–Perp
Best perp–perp spread+0.10%Bybit → Hyperliquid
Markets tracked1710 venues · 10 perp · 7 spot · 0 DEX
Price range0.11%$2.19 – $2.19

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGatespot$2.19Hyperliquid logoHyperliquid$2.19 +0.03%-0.17% +0.03%— +0.030%+1.58% LS Chart →
Bybit logoBybitspot$2.19Hyperliquid logoHyperliquid$2.19 +0.02%-0.18% +0.02%— +0.030%+1.58% LS Chart →
Binance logoBinancespot$2.19Hyperliquid logoHyperliquid$2.19 +0.01%-0.19% +0.01%— +0.030%+1.58% LS Chart →
OKX logoOKXspot$2.19Hyperliquid logoHyperliquid$2.19 -0.01%-0.21% -0.01%— +0.030%+1.58% LS Chart →
MEXC logoMEXCspot$2.19Hyperliquid logoHyperliquid$2.19 -0.03%-0.23% -0.03%— +0.030%+1.58% LS Chart →
Gate logoGatespot$2.19Gate logoGate$2.19 -0.03%-0.23% -0.02%— +0.030%+0.75% LS Chart →
KuCoin logoKuCoinspot$2.19Hyperliquid logoHyperliquid$2.19 -0.03%-0.23% -0.03%— +0.030%+1.58% LS Chart →
Bitget logoBitgetspot$2.19Hyperliquid logoHyperliquid$2.19 -0.04%-0.24% -0.04%— +0.030%+1.58% LS Chart →
Bybit logoBybitspot$2.19Gate logoGate$2.19 -0.04%-0.24% -0.03%— +0.030%+0.75% LS Chart →
Gate logoGatespot$2.19Aster logoAster$2.19 -0.04%-0.24% -0.04%— +0.030%+0.85% LS Chart →
Binance logoBinancespot$2.19Gate logoGate$2.19 -0.05%-0.25% -0.04%— +0.030%+0.75% LS Chart →
Gate logoGatespot$2.19Binance logoBinance$2.19 -0.05%-0.25% -0.04%— +0.030%+0.76% LS Chart →
Bybit logoBybitspot$2.19Aster logoAster$2.19 -0.05%-0.25% -0.05%— +0.030%+0.85% LS Chart →
Gate logoGatespot$2.19MEXC logoMEXC$2.19 -0.05%-0.25% -0.05%— +0.030%— LS Chart →
Bybit logoBybitspot$2.19Binance logoBinance$2.19 -0.05%-0.25% -0.05%— +0.030%+0.76% 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 $2.19$2.19$2.19-0.06% +0.030%$43.23M
Hyperliquid logoHyperliquidPerpetual · ZROPerpetual $2.19$2.19$2.19+0.05% +0.030%$33.80M
OKX logoOKXPerpetual · ZRO-USDT-SWAPPerpetual $2.19$2.19$2.19-0.04% -0.021%$32.08M
MEXC logoMEXCPerpetual · ZRO_USDTPerpetual $2.19$2.19$2.19-0.03% +0.030%$16.66M
Bitget logoBitgetPerpetual · ZROUSDTPerpetual $2.19$2.19$2.19-0.01% +0.030%$7.82M
Bybit logoBybitSpot · ZROUSDTSpot $2.19$2.19$2.19-0.00% —$6.37M
Gate logoGateSpot · ZRO_USDTSpot $2.19$2.19$2.19-0.00% —$5.35M
OKX logoOKXSpot · ZRO-USDTSpot $2.19$2.19$2.19+0.03% —$5.16M
KuCoin logoKuCoinPerpetual · ZROUSDTMPerpetual $2.19$2.19$2.190.00% +0.030%$2.92M
KuCoin logoKuCoinSpot · ZRO-USDTSpot $2.19$2.19$2.19-0.01% —$2.48M
Gate logoGatePerpetual · ZRO_USDTPerpetual $2.19$2.19$2.19+0.01% +0.030%$1.76M
Variational logoVariationalPerpetual · ZROPerpetual $2.19$2.19$2.19+0.01% +0.030%$1.29M
Bitget logoBitgetSpot · ZROUSDTSpot $2.19$2.19$2.19+0.04% —$770.3K
Binance logoBinancePerpetual · ZROUSDTPerpetual $2.19$2.19$2.19-0.02% +0.030%—
Aster logoAsterPerpetual · ZROUSDTPerpetual $2.19$2.19$2.19+0.04% +0.030%—
Binance logoBinanceSpot · ZROUSDTSpot $2.19$2.19$2.19+0.01% ——
MEXC logoMEXCSpot · ZROUSDTSpot $2.19$2.19$2.19+0.00% ——
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 Bybit perp at $2.19 and the highest bid on Hyperliquid perp at $2.19.

The widest ZRO perpetual spread is between Bybit and Hyperliquid: long ZRO on Bybit at $2.19 and short on Hyperliquid at $2.19 for +0.10% gross, or -0.06% 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: +0.03% gross, -0.17% net, with +0.030% a day of funding on the short leg.

Spot–spot ZRO arbitrage (buy on Gate, withdraw, deposit and sell on OKX) shows -0.01% 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 Bybit → sell on Hyperliquid (Perp–Perp): +0.10% gross and -0.06% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest ZRO?

Bybit (perp) has the lowest ZRO ask at $2.19, and Hyperliquid (perp) the highest bid at $2.19. 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 (Bybit 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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