ArbiLayer

ZRO arbitrage

live

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

Best net spread-0.07%Bybit → Hyperliquid · Perp–Perp
Best perp–perp spread+0.09%Bybit → Hyperliquid
Markets tracked1710 venues · 10 perp · 7 spot · 0 DEX
Price range0.15%$2.22 – $2.22

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
MEXC logoMEXCspot$2.22Bybit logoBybitspot$2.22 +0.01%-0.19% +0.01%— 0.000%— LS Chart →
MEXC logoMEXCspot$2.22Gate logoGatespot$2.22 +0.01%-0.19% +0.01%— 0.000%— LS Chart →
MEXC logoMEXCspot$2.22Binance logoBinancespot$2.22 +0.01%-0.19% +0.01%— 0.000%— LS Chart →
MEXC logoMEXCspot$2.22Bitget logoBitgetspot$2.22 +0.01%-0.19% +0.01%— 0.000%— LS Chart →
MEXC logoMEXCspot$2.22OKX logoOKXspot$2.22 +0.00%-0.20% +0.00%— 0.000%— LS Chart →
MEXC logoMEXCspot$2.22KuCoin logoKuCoinspot$2.22 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
Bybit logoBybitspot$2.22Gate logoGatespot$2.22 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
Binance logoBinancespot$2.22Bybit logoBybitspot$2.22 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
Binance logoBinancespot$2.22Gate logoGatespot$2.22 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
OKX logoOKXspot$2.22Bybit logoBybitspot$2.22 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
OKX logoOKXspot$2.22Gate logoGatespot$2.22 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
Bitget logoBitgetspot$2.22Bybit logoBybitspot$2.22 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
Bitget logoBitgetspot$2.22Gate logoGatespot$2.22 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
Bybit logoBybitspot$2.22Binance logoBinancespot$2.22 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
Bybit logoBybitspot$2.22Bitget logoBitgetspot$2.22 -0.04%-0.24% -0.04%— 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$2.22-0.05% +0.030%$44.13M
Hyperliquid logoHyperliquidPerpetual · ZROPerpetual $2.22$2.22$2.22+0.07% +0.030%$34.81M
OKX logoOKXPerpetual · ZRO-USDT-SWAPPerpetual $2.22$2.22$2.22-0.02% +0.030%$33.44M
MEXC logoMEXCPerpetual · ZRO_USDTPerpetual $2.22$2.22$2.22-0.04% +0.030%$16.82M
Bitget logoBitgetPerpetual · ZROUSDTPerpetual $2.22$2.22$2.22-0.03% +0.030%$7.77M
Bybit logoBybitSpot · ZROUSDTSpot $2.22$2.22$2.22+0.02% —$6.17M
Gate logoGateSpot · ZRO_USDTSpot $2.22$2.22$2.22+0.05% —$5.51M
OKX logoOKXSpot · ZRO-USDTSpot $2.22$2.22$2.22+0.02% —$5.16M
KuCoin logoKuCoinPerpetual · ZROUSDTMPerpetual $2.21$2.22$2.22-0.09% +0.030%$2.90M
KuCoin logoKuCoinSpot · ZRO-USDTSpot $2.22$2.22$2.220.00% —$2.49M
Gate logoGatePerpetual · ZRO_USDTPerpetual $2.22$2.22$2.22-0.07% +0.030%$1.78M
Variational logoVariationalPerpetual · ZROPerpetual $2.22$2.22$2.22+0.00% +0.030%$1.34M
Bitget logoBitgetSpot · ZROUSDTSpot $2.22$2.22$2.22+0.02% —$766.0K
Binance logoBinancePerpetual · ZROUSDTPerpetual $2.22$2.22$2.22-0.03% +0.030%—
Aster logoAsterPerpetual · ZROUSDTPerpetual $2.22$2.22$2.22+0.05% +0.030%—
Binance logoBinanceSpot · ZROUSDTSpot $2.22$2.22$2.22+0.02% ——
MEXC logoMEXCSpot · ZROUSDTSpot $2.22$2.22$2.22-0.06% ——
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 $2.22 and the highest bid on Hyperliquid perp at $2.22.

The widest ZRO perpetual spread is between Bybit and Hyperliquid: long ZRO on Bybit at $2.22 and short on Hyperliquid at $2.22 for +0.09% gross, or -0.07% 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 Hyperliquid: +0.06% gross, -0.14% net, with +0.030% a day of funding on the short leg.

Spot–spot ZRO arbitrage (buy on MEXC, withdraw, deposit and sell on Bybit) 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): +0.09% gross and -0.07% 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 $2.22, 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 (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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