Funding arb · Price arb /

ZRO

all ZRO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0038%/8h= −4.1% APRpaid last 24h +0.023%

Price spread now: Aster against dYdX+0.068%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Aster is 0.068% dearer against dYdX than usual: you sell high and buy low (spread +0.068% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ZRO-USD	1.1738	0.0138	pay 0.0017% / 1h	30m 11s	$21K	$2K	5x
Short	Aster ZROUSDT	1.1746	0.0100	get 0.0050% / 4h	30m 11s	$157K	$153K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against dYdX. 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 dYdXbpFee AsterbpOrdersPrice spread, now +0.068%Rate

Funding earned: −$7.91
Price spread: +0.068% → 0.000%: $6.79
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$19.13
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Aster: live order book, 46 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 dYdX no order-book sample	—	—	—	—	—
Sell Aster live order book, 46 min ago	3.81 bp	28.1 bp −$28	doesn't fit	doesn't fit	doesn't fit

dYdX: 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	−0.0168%	1h	1.1738	−0.003%	$7K	$3K	5x	as long as short
Orderly PERP_ZRO_USDC	+0.0002%	4h	1.1741	+0.022%	$21K	$7K	10x	as long as short
Lighter ZRO	+0.0096%	1h	1.1748	+0.084%	$4.4M	$1.5M	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1748	+0.081%	$37.2M	$6.2M	5x	as long as short
Aster ZROUSDTshort	+0.0100%	4h	1.1746	+0.068%	$157K	$153K	10x
Pacifica ZRO	+0.0100%	1h	1.1739	+0.003%	$136K	$177K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1738	−0.007%	$22.0M	$31.3M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1733	−0.047%	$17.9M	$14.7M	50x	as long as short
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1738	−0.004%	$3.2M	$8.3M	20x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1740	+0.013%	$1.3M	$1.8M	75x	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	1.1741	+0.022%	$19.1M	$2.8M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1727	−0.098%	$2.4M	$1.9M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1734	−0.038%	$2.7M	$2.4M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1735	−0.030%	—	$10.7M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1746	+0.064%	$100K	$207K	20x	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1733	−0.045%	$2.3M	$878K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1740	+0.013%	$37K	$686K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1749	+0.090%	$94K	$825K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1739	+0.006%	$21K	—	3x	as long as short
BloFin ZRO-USDT	+0.0105%	4h	1.1732	−0.055%	$1.1M	$255K	75x	as long as short
Kraken Futures PF_ZROUSD	+0.0133%	1h	1.1756	+0.152%	$252K	$434K	25x	as long as short
dYdX ZRO-USDlong	+0.0138%	1h	1.1738	long leg	$21K	$2K	5x
GMX ZRO/USD [ETH-USDC]	L +0.0291% / S −0.2341%	1h	1.1743	+0.042%	$3K	—	100x	as long as short
Nado ZRO-PERP	+0.0357%	1h	1.1743	+0.038%	$1.3M	$125K	5x	as long as short
Injective ZRO/USDC PERP	+0.1159%	1h	1.1780	+0.354%	$12K	$260K	12x	as long as short
Extended ZRO-USD	+0.2008%	1h	1.1738	−0.003%	$784K	$610K	10x	as long as short