ZRO arbitrage between HyperLiquid and Coinbase: we compare the price of ZRO on HyperLiquid (futures) and Coinbase (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

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ZRO: Coinbase — deposit open, withdrawal open.

Open interest in ZRO right now — $73.7M: HyperLiquid $29.4M, Binance $15.9M, Bybit $13.3M, BingX $6.6M, KuCoin $3.5M. See OI ZRO.

News about ZRO

About ZRO arbitrage

How do I read the ZRO spread?

The spread is how many percent higher ZRO trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and Coinbase. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get ZRO alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.