Funding you earn now, next payment 12:00 UTC−0.0162%/8h= −17.7% APRnext payment −$0.81 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Aster−0.215%7-day average −0.095% · 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−$256as in the Price arb table
costs, in and out, $10k−$2442.442% of the position
Funding, last 6 days (all we have)−0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.215%, 7d avg −0.095%
=Together, before fees+0.085%+ Points / potential airdropAster: Stage 5 · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.120% cheaper against Aster than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.095%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster ZROUSDT | 1.1820 | 0.0100 | pay 0.0050% / 4h | 2h 20m | $159K | $126K | 10x |
| Short | Bybit ZROUSDT | 1.1795 | −0.0062 | pay 0.0031% / 4h | 2h 20m | $18.1M | $12.0M | 50x |
Aster ZROUSDT
Bybit ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$33.96
- Price spread: −0.215% → −0.095%
- −$12.03
- Slippage, 4 orders
- −$225.19
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$290.18
- Costs to cover
- 2.442%
- Break-even
- never at this rate
Slippage from Aster: live order book, 29 min ago; Bybit: live order book, 1 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 Aster live order book, 29 min ago | 3.82 bp | 129.4 bp −$129 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.85 bp | 15.3 bp −$15 | 36.6 bp −$366 | doesn't fit | doesn't fit |
ZRO on 26 exchanges
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 | −0.0504% | 1h | 1.1803 | −0.150% | $4K | $5K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | −0.0316% | 1h | 1.1815 | −0.042% | $269K | $217K | 25x | as long as short |
| Bybit ZROUSDTshort | −0.0062% | 4h | 1.1795 | −0.215% | $18.1M | $12.0M | 50x | |
| Orderly PERP_ZRO_USDC | −0.0003% | 4h | 1.1805 | −0.130% | $21K | $2K | 10x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1813 | −0.067% | $21K | $5K | 5x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0037% | 4h | 1.1805 | −0.130% | $3.2M | $7.6M | 20x | as long as short |
| BloFin ZRO-USDT | +0.0071% | 4h | 1.1814 | −0.054% | $1.0M | $149K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1819 | −0.014% | $4.4M | $1.1M | 5x | as long as short |
| Nado ZRO-PERP | +0.0100% | 1h | 1.1805 | −0.134% | $1.3M | $120K | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1819 | −0.012% | $37.4M | $5.1M | 5x | as long as short |
01 Exchange ZROUSD
Kraken Futures PF_ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
OKX ZRO-USDT-SWAP
BloFin ZRO-USDT
Lighter ZRO
Nado ZRO-PERP
Hyperliquid ZROShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZROUSDTlong | +0.0100% | 4h | 1.1820 | long leg | $159K | $126K | 10x | |
| Pacifica ZRO | +0.0100% | 1h | 1.1804 | −0.138% | $136K | $152K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1802 | −0.159% | $22.0M | $27.5M | 75x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1810 | −0.088% | $1.3M | $1.2M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1802 | −0.156% | $9.4M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1814 | −0.054% | $2.3M | $2.4M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1814 | −0.054% | $2.7M | $2.3M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1806 | −0.122% | — | $22.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1788 | −0.278% | $2.3M | $733K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1810 | −0.088% | $40K | $672K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1812 | −0.071% | $101K | $730K | 5x | as long as short |
| Extended ZRO-USD | +0.0104% | 1h | 1.1801 | −0.163% | $803K | $650K | 10x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1816 | −0.040% | $21K | — | 3x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0157% | 1h | 1.1815 | −0.046% | $93K | $220K | 20x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1809 | −0.093% | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERP | +0.1068% | 1h | 1.1760 | −0.511% | $12K | $257K | 12x | as long as short |
Pacifica ZRO
Binance ZROUSDT
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Extended ZRO-USD
Aevo ZRO-PERP
Backpack ZRO_USDC_PERP
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP