Settings8H · net · $10k
Funding arb · Price arb /

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.033%
Price spread now: Hyperliquid against Aster+0.026%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1171.169% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.107%+$11 on $10k
Price spread, last 4 days (all we have)+0.045%+$5 · spread now +0.026%, 7d avg +0.033%
Together, before fees+0.152%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ZROUSDT1.18680.0100pay 0.0050% / 4h2h 18m$159K$160K10x
ShortHyperliquid ZRO1.18710.0100get 0.0013% / 1h18m 13s$37.7M$6.7M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.026% → +0.033%
−$0.76
Slippage, 4 orders
−$99.89
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$117.64
Costs to cover
1.169%
Break-even
never at this rate
Slippage from Aster: live order book, 3 min ago; Hyperliquid: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 3 min ago4.64 bp46.1 bp −$46doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 5 min ago0.84 bp11.9 bp −$12doesn't fitdoesn't fitdoesn't fit

ZRO on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ZROUSD−0.0400%1h1.1854−0.120%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC−0.0048%4h1.1864−0.033%$21K$7K10xas long as short
dYdX ZRO-USD+0.0037%1h1.1860−0.064%$21K$2K5xas long as short
Lighter ZRO+0.0096%1h1.1863−0.039%$4.6M$1.3M5xas long as short
Hyperliquid ZROshort+0.0100%1h1.1871+0.026%$37.7M$6.7M5x
Aster ZROUSDTlong+0.0100%4h1.1868long leg$159K$160K10x
Pacifica ZRO+0.0100%1h1.1863−0.044%$143K$193K5xas long as short
Binance ZROUSDT+0.0100%4h1.1856−0.101%$22.4M$33.2M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1847−0.177%$18.2M$15.6M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1856−0.101%$3.2M$9.0M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1860−0.067%$1.3M$2.0M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1856−0.101%$19.1M$3.5M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1873+0.042%$3.0M$1.8M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1855−0.109%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1867−0.008%$10.9Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1865−0.025%$93K$205K20xas long as short
Variational Omni ZRO+0.0100%4h1.1854−0.115%$2.3M$862Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1870+0.017%$37K$681K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1867−0.008%$87K$920K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1863−0.045%$21K3xas long as short
BloFin ZRO-USDT+0.0155%4h1.1861−0.059%$1.1M$266K75xas long as short
Nado ZRO-PERP+0.0156%1h1.1856−0.103%$1.3M$131K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1865−0.029%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0316%1h1.1874+0.050%$252K$571K25xas long as short
Injective ZRO/USDC PERP+0.1237%1h1.1890+0.186%$12K$175K12xas long as short
Extended ZRO-USD+0.1720%1h1.1856−0.101%$784K$555K10xas long as short