Funding you earn now, next payment 00:00 UTC−0.0153%/8h= −16.8% APRnext payment −$0.77 per $10,000 · paid last 24h −0.036%
Price spread now: Orderly against Aster−0.180%49s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Orderly is 0.180% cheaper against Aster than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster ZROUSDT | 1.1836 | 0.0100 | pay 0.0050% / 4h | 1h 40m | $158K | $154K | 10x |
| Short | Orderly PERP_ZRO_USDC | 1.1815 | −0.0053 | pay 0.0027% / 4h | 1h 40m | $21K | $7K | 10x |
Aster ZROUSDT
Orderly PERP_ZRO_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$32.16
- Price spread: −0.180% → 0.000%
- −$17.98
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$64.14
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Aster: live order book, 41 min ago; Orderly: 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, 41 min ago | 4.64 bp | 46.1 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.0600% | 1h | 1.1824 | −0.104% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDCshort | −0.0053% | 4h | 1.1815 | −0.180% | $21K | $7K | 10x | |
| Kraken Futures PF_ZROUSD | +0.0059% | 1h | 1.1832 | −0.038% | $251K | $552K | 25x | as long as short |
| Lighter ZRO | +0.0064% | 1h | 1.1832 | −0.034% | $4.4M | $1.5M | 5x | as long as short |
| BloFin ZRO-USDT | +0.0077% | 4h | 1.1829 | −0.062% | $1.1M | $263K | 75x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1849 | +0.107% | $37.6M | $6.2M | 5x | as long as short |
| Aster ZROUSDTlong | +0.0100% | 4h | 1.1836 | long leg | $158K | $154K | 10x | |
| Pacifica ZRO | +0.0100% | 1h | 1.1835 | −0.009% | $138K | $184K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1829 | −0.062% | $22.2M | $31.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1818 | −0.154% | $18.1M | $14.9M | 50x | as long as short |
01 Exchange ZROUSD
Kraken Futures PF_ZROUSD
Lighter ZRO
BloFin ZRO-USDT
Hyperliquid ZRO
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1832 | −0.036% | $3.2M | $8.5M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1820 | −0.138% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1833 | −0.028% | $19.1M | $3.1M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1833 | −0.028% | $2.9M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1832 | −0.036% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1832 | −0.036% | — | $10.8M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1829 | −0.062% | $99K | $207K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1779 | −0.485% | $2.3M | $859K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1810 | −0.222% | $37K | $681K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1842 | +0.048% | $89K | $904K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1817 | −0.163% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0109% | 1h | 1.1821 | −0.127% | $21K | $2K | 5x | as long as short |
| Nado ZRO-PERP | +0.0156% | 1h | 1.1834 | −0.021% | $1.3M | $125K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2416% | 1h | 1.1829 | −0.063% | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERP | +0.0980% | 1h | 1.1890 | +0.454% | $12K | $218K | 12x | as long as short |
| Extended ZRO-USD | +0.2432% | 1h | 1.1833 | −0.030% | $784K | $541K | 10x | as long as short |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
dYdX ZRO-USD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP
Extended ZRO-USD