Funding arb · Price arb /

ZRO

all ZRO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.2241%/8h= +245.4% APRpaid last 24h +1.007%

Price spread now: GMX against Aster−0.126%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.126% cheaper against Aster than usual: you would sell low and buy high (spread −0.126% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 5 hours of funding at the current rate (+$67 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZROUSDT	1.1764	0.0100	pay 0.0050% / 4h	3h 40m	$157K	$149K	10x
Short	GMX ZRO/USD [ETH-USDC]	1.1749	L +0.0291% / S −0.2341%	get 0.0293% / 1h	40m 56s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee GMXbpOrdersPrice spread, now −0.126%Rate

Funding earned: $470.65
Price spread: −0.126% → 0.000%: −$12.64
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $438
Costs to cover: 0.200%
Break-even: 0.5 days

Slippage unknown: Aster: live order book, 30 min ago; GMX: no order-book sample. 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 live order book, 30 min ago	4.68 bp	125.3 bp −$125	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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.

ZRO on 26 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
01 Exchange ZROUSD	−0.0136%	1h	1.1746	−0.147%	$7K	$3K	5x	as long as short
Gate ZRO_USDT	+0.0012%	4h	1.1740	−0.200%	$1.3M	$1.5M	75x	as long as short
Orderly PERP_ZRO_USDC	+0.0012%	4h	1.1753	−0.089%	$21K	$6K	10x	as long as short
Lighter ZRO	+0.0096%	1h	1.1757	−0.055%	$4.4M	$1.5M	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1752	−0.098%	$37.2M	$5.9M	5x	as long as short
Aster ZROUSDTlong	+0.0100%	4h	1.1764	long leg	$157K	$149K	10x
Pacifica ZRO	+0.0100%	1h	1.1755	−0.068%	$136K	$171K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1745	−0.157%	$22.1M	$30.4M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1744	−0.166%	$18.0M	$14.2M	50x	as long as short
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1749	−0.123%	$3.2M	$8.0M	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ZRO_USDT	+0.0100%	4h	1.1743	−0.174%	$19.1M	$2.7M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1747	−0.140%	$2.4M	$1.9M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1735	−0.242%	$2.7M	$2.4M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1750	−0.115%	—	$14.7M	—	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1752	−0.101%	$2.3M	$869K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1740	−0.200%	$37K	$688K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1751	−0.106%	$91K	$830K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1750	−0.118%	$21K	—	3x	as long as short
BloFin ZRO-USDT	+0.0108%	4h	1.1744	−0.166%	$1.1M	$256K	75x	as long as short
dYdX ZRO-USD	+0.0182%	1h	1.1754	−0.080%	$21K	$3K	5x	as long as short
Nado ZRO-PERP	+0.0250%	1h	1.1746	−0.148%	$1.3M	$129K	5x	as long as short
Backpack ZRO_USDC_PERP	+0.0290%	1h	1.1752	−0.098%	$99K	$206K	20x	as long as short
GMX ZRO/USD [ETH-USDC]short	L +0.0291% / S −0.2341%	1h	1.1749	−0.126%	$3K	—	100x
Kraken Futures PF_ZROUSD	+0.0302%	1h	1.1758	−0.050%	$252K	$411K	25x	as long as short
Injective ZRO/USDC PERP	+0.1190%	1h	1.1780	+0.140%	$12K	$260K	12x	as long as short
Extended ZRO-USD	+0.1352%	1h	1.1740	−0.196%	$780K	$589K	10x	as long as short