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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.019%
Price spread now: dYdX against Aster+0.195%69s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno 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. dYdX is 0.195% dearer against Aster than usual: you sell high and buy low (spread +0.195% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.5 days. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ZROUSDT1.17990.0100pay 0.0050% / 4h3h 30m$159K$150K10x
ShortdYdX ZRO-USD1.18220get 0.0000% / 1h30m 31s$21K$5K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$21
Price spread: +0.195% → 0.000%
$19.54
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$19.46
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Aster: live order book, 1 min ago; dYdX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 1 min ago4.66 bp122.0 bp −$122doesn't fitdoesn't fitdoesn't fit
Sell dYdX no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ZROUSD−0.0304%1h1.1781−0.160%$4K$5K5xas long as short
dYdX ZRO-USDshort0.0000%1h1.1822+0.195%$21K$5K5x
Orderly PERP_ZRO_USDC+0.0069%4h1.1793−0.055%$21K$4K10xas long as short
Lighter ZRO+0.0096%1h1.1807+0.061%$4.4M$1.2M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1806+0.056%$37.4M$5.3M5xas long as short
Aster ZROUSDTlong+0.0100%4h1.1799long leg$159K$150K10x
Pacifica ZRO+0.0100%1h1.1796−0.029%$136K$170K5xas long as short
Binance ZROUSDT+0.0100%4h1.1792−0.062%$22.2M$29.2M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1792−0.063%$18.1M$13.2M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1792−0.063%$3.2M$7.8M20xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZRO_USDT+0.0100%4h1.1780−0.165%$1.3M$1.3M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1798−0.012%$19.9M$2.8M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1792−0.063%$2.4M$2.2M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1784−0.131%$2.7M$2.5M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1790−0.080%$21.7Mas long as short
Variational Omni ZRO+0.0100%4h1.1796−0.029%$2.3M$758Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1840+0.344%$40K$667K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1808+0.073%$100K$799K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1798−0.011%$21K3xas long as short
BloFin ZRO-USDT+0.0145%4h1.1802+0.022%$1.1M$200K75xas long as short
Nado ZRO-PERP+0.0168%1h1.1802+0.021%$1.3M$128K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0294% / S −0.2341%1h1.1800+0.008%$3K100xas long as short
Extended ZRO-USD+0.0416%1h1.1790−0.077%$806K$646K10xas long as short
Backpack ZRO_USDC_PERP+0.0511%1h1.1803+0.030%$95K$220K20xas long as short
Kraken Futures PF_ZROUSD+0.0555%1h1.1801+0.012%$268K$307K25xas long as short
Injective ZRO/USDC PERP+0.1160%1h1.1960+1.361%$13K$258K12xas long as short