Funding you earn now, next payment 05:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.015%
Price spread now: Backpack against Aster−0.065%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.065% cheaper against Aster than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster ZORAUSDT | 0.008458 | 0.0100 | pay 0.0050% / 4h | 3h 08m | $26K | $13K | 5x |
| Short | Backpack ZORA_USDC_PERP | 0.008453 | 0.0101 | get 0.0013% / 1h | 8m 35s | $37K | $103K | 10x |
Aster ZORAUSDT
Backpack ZORA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.23
- Price spread: −0.065% → 0.000%
- −$6.47
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$24.24
- Costs to cover
- 0.180%
- Break-even
- 741.4 days
Slippage unknown: Aster: no order-book sample; Backpack: live order book, 44 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Aster no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 44 min ago | 1.18 bp | 12.1 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ZORA on 17 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZORA-USD | 0.0000% | 1h | 0.008464 | +0.066% | $311 | $5 | 5x | as long as short |
| BingX ZORA-USDT | +0.0070% | 4h | 0.008447 | −0.136% | — | $6.5M | — | as long as short |
| Lighter ZORA | +0.0096% | 1h | 0.008444 | −0.171% | $22K | $14K | 3x | as long as short |
| Hyperliquid ZORA | +0.0100% | 1h | 0.008468 | +0.113% | $1.6M | $302K | 3x | as long as short |
| Aster ZORAUSDTlong | +0.0100% | 4h | 0.008458 | long leg | $26K | $13K | 5x | |
| Binance ZORAUSDT | +0.0100% | 4h | 0.008458 | −0.005% | $2.5M | $4.0M | 50x | as long as short |
| Bybit ZORAUSDT | +0.0100% | 4h | 0.008439 | −0.230% | $2.3M | $1.7M | 25x | as long as short |
| OKX ZORA-USDT-SWAP | +0.0100% | 4h | 0.008447 | −0.136% | $766K | $947K | 10x | as long as short |
| Gate ZORA_USDT | +0.0100% | 4h | 0.008460 | +0.018% | $157K | $80K | 25x | as long as short |
| MEXC ZORA_USDT | +0.0100% | 4h | 0.008451 | −0.088% | $9.8M | $225K | 50x | as long as short |
dYdX ZORA-USD
BingX ZORA-USDT
Lighter ZORA
Hyperliquid ZORA
Binance ZORAUSDT
Bybit ZORAUSDT
OKX ZORA-USDT-SWAP
Gate ZORA_USDT
MEXC ZORA_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZORAUSDTM | +0.0100% | 4h | 0.008457 | −0.017% | $750K | $1.5M | 30x | as long as short |
| Bitget ZORAUSDT | +0.0100% | 4h | 0.008459 | +0.006% | $733K | $227K | 25x | as long as short |
| Variational Omni ZORA | +0.0100% | 4h | 0.008457 | −0.012% | $127K | $24K | — | as long as short |
| SunX ZORA-USDT | +0.0100% | 4h | 0.008640 | +2.146% | $1K | $1.3M | 20x | as long as short |
| Backpack ZORA_USDC_PERPshort | +0.0101% | 1h | 0.008453 | −0.065% | $37K | $103K | 10x | |
| Extended ZORA-USD | +0.0104% | 1h | 0.008450 | −0.096% | $7K | $200K | 5x | as long as short |
| GMX ZORA/USD [ETH-USDC] | L +0.0231% / S −0.0433% | 1h | 0.008456 | −0.029% | $1K | — | 100x | as long as short |
KuCoin ZORAUSDTM
Bitget ZORAUSDT
Variational Omni ZORA
SunX ZORA-USDT
Extended ZORA-USD
GMX ZORA/USD [ETH-USDC]