Funding arb · Price arb /

ZRO

all ZRO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.2241%/8h= +245.4% APRpaid last 24h +0.931%

Price spread now: GMX against Aster−0.033%7-day average — · you buy dearer than you sell

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. GMX is 0.033% cheaper against Aster than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 1 hour of funding at the current rate (+$67 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZROUSDT	1.1691	0.0100	pay 0.0050% / 4h	1h 08m	$157K	$150K	10x
Short	GMX ZRO/USD [ETH-USDC]	1.1687	L +0.0292% / S −0.2341%	get 0.0293% / 1h	8m 48s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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

Position, each leg$Hold fordaysFee AsterbpFee GMXbpOrdersPrice spread, now −0.033%Rate

Funding earned: $470.65
Price spread: −0.033% → 0.000%: −$3.3
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $447.34
Costs to cover: 0.200%
Break-even: 0.3 days

Slippage unknown: Aster: live order book, 52 min ago; GMX: 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, 52 min ago	5.12 bp	133.4 bp −$133	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0248%	1h	1.1682	−0.071%	$7K	$3K	5x	as long as short
Orderly PERP_ZRO_USDC	+0.0037%	4h	1.1686	−0.040%	$20K	$5K	10x	as long as short
dYdX ZRO-USD	+0.0046%	1h	1.1685	−0.045%	$21K	$3K	5x	as long as short
Lighter ZRO	+0.0096%	1h	1.1699	+0.073%	$4.4M	$1.2M	5x	as long as short
Aster ZROUSDTlong	+0.0100%	4h	1.1691	long leg	$157K	$150K	10x
Pacifica ZRO	+0.0100%	1h	1.1685	−0.049%	$136K	$177K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1681	−0.086%	$21.9M	$29.8M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1665	−0.220%	$17.8M	$14.0M	50x	as long as short
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1685	−0.049%	$3.2M	$7.9M	20x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1690	−0.006%	$1.3M	$1.5M	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	1.1683	−0.066%	$19.1M	$2.7M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1686	−0.040%	$2.3M	$2.0M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1664	−0.228%	$2.7M	$2.6M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1670	−0.177%	—	$16.5M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1687	−0.031%	$96K	$195K	20x	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1699	+0.069%	$2.3M	$810K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1730	+0.336%	$39K	$673K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1686	−0.040%	$99K	$846K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1688	−0.024%	$21K	—	3x	as long as short
BloFin ZRO-USDT	+0.0120%	4h	1.1678	−0.108%	$1.1M	$248K	75x	as long as short
Kraken Futures PF_ZROUSD	+0.0198%	1h	1.1696	+0.046%	$257K	$407K	25x	as long as short
Nado ZRO-PERP	+0.0215%	1h	1.1687	−0.033%	$1.3M	$124K	5x	as long as short
Hyperliquid ZRO	+0.0262%	1h	1.1697	+0.052%	$37.0M	$5.4M	5x	as long as short
GMX ZRO/USD [ETH-USDC]short	L +0.0292% / S −0.2341%	1h	1.1687	−0.033%	$3K	—	100x
Extended ZRO-USD	+0.0840%	1h	1.1676	−0.125%	$780K	$591K	10x	as long as short
Injective ZRO/USDC PERP	+0.1102%	1h	1.1750	+0.507%	$12K	$260K	12x	as long as short