Funding you earn now, next payment 06:00 UTC−0.0610%/8h= −66.8% APRpaid last 24h +0.066%
Price spread now: Aster against Kraken Futures−0.032%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$252as in the Price arb table
costs, in and out, $10k−$2522.524% of the position
Funding, last 6 days (all we have)−0.185%−$18 on $10k
+Price spread, last 4 days (all we have)+0.164%+$16 · spread now −0.032%, 7d avg −0.041%
=Together, before fees−0.020%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.185% in total (about -12.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZROUSD | 1.1582 | 0.0710 | pay 0.0089% / 1h | 23m 06s | $251K | $335K | 25x |
| Short | Aster ZROUSDT | 1.1578 | 0.0100 | get 0.0050% / 4h | 2h 23m | $156K | $150K | 10x |
Kraken Futures PF_ZROUSD
Aster ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Kraken Futures. 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
- −$128.14
- Price spread: −0.032% → −0.041%
- $0.84
- Slippage, 4 orders
- −$234.36
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$379.67
- Costs to cover
- 2.524%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 25 min ago; Aster: live order book, 23 min ago.
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 Kraken Futures live order book, 25 min ago | 27.04 bp | 39.9 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 23 min ago | 4.73 bp | 31.3 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0010% | 1h | 1.1585 | +0.022% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0067% | 4h | 1.1579 | −0.027% | $20K | $4K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0090% | 4h | 1.1560 | −0.191% | $1.0M | $247K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1599 | +0.145% | $4.3M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1587 | +0.042% | $36.8M | $5.5M | 5x | as long as short |
| Aster ZROUSDTshort | +0.0100% | 4h | 1.1578 | −0.032% | $156K | $150K | 10x | |
| Pacifica ZRO | +0.0100% | 1h | 1.1581 | −0.006% | $136K | $176K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1584 | +0.016% | $21.7M | $29.4M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1571 | −0.096% | $17.7M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1575 | −0.061% | $3.2M | $7.7M | 20x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Lighter ZRO
Hyperliquid ZRO
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1560 | −0.191% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1577 | −0.044% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1571 | −0.096% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1568 | −0.122% | $2.6M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1574 | −0.070% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1580 | −0.018% | $94K | $221K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1540 | −0.367% | $2.2M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1550 | −0.277% | $39K | $677K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1579 | −0.027% | $101K | $815K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1570 | −0.104% | $20K | — | 3x | as long as short |
| 01 Exchange ZROUSD | +0.0112% | 1h | 1.1571 | −0.097% | $4K | $5K | 5x | as long as short |
| Nado ZRO-PERP | +0.0201% | 1h | 1.1573 | −0.081% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1571 | −0.094% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSDlong | +0.0710% | 1h | 1.1582 | long leg | $251K | $335K | 25x | |
| Extended ZRO-USD | +0.1000% | 1h | 1.1573 | −0.079% | $791K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1343% | 1h | 1.1610 | +0.241% | $12K | $260K | 12x | as long as short |
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
01 Exchange ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP