Funding you earn now, next payment 04:00 UTC+0.0062%/8h= +6.8% APRnext payment +$0.31 per $10,000 · paid last 24h +0.039%
Price spread now: Aster against Orderly+0.095%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.095% dearer against Orderly than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ZRO_USDC | 1.1757 | 0.0038 | pay 0.0019% / 4h | 23m 51s | $21K | $5K | 10x |
| Short | Aster ZROUSDT | 1.1768 | 0.0100 | get 0.0050% / 4h | 23m 51s | $159K | $151K | 10x |
Orderly PERP_ZRO_USDC
Aster ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Orderly. 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
- $13.1
- Price spread: +0.095% → 0.000%
- $9.52
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $8.61
- Costs to cover
- 0.140%
- Break-even
- 2.4 days
Slippage unknown: Orderly: no order-book sample; Aster: live order book, 32 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 32 min ago | 3.85 bp | 30.8 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0011% | 1h | 1.1746 | −0.090% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDClong | +0.0038% | 4h | 1.1757 | long leg | $21K | $5K | 10x | |
| 01 Exchange ZROUSD | +0.0080% | 1h | 1.1769 | +0.103% | $7K | $3K | 5x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1779 | +0.183% | $4.4M | $1.2M | 5x | as long as short |
| BloFin ZRO-USDT | +0.0097% | 4h | 1.1734 | −0.196% | $1.0M | $249K | 75x | as long as short |
| Aster ZROUSDTshort | +0.0100% | 4h | 1.1768 | +0.095% | $159K | $151K | 10x | |
| Pacifica ZRO | +0.0100% | 1h | 1.1738 | −0.165% | $136K | $177K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1761 | +0.034% | $22.0M | $29.9M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1745 | −0.102% | $17.9M | $13.8M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1760 | +0.026% | $3.2M | $7.9M | 20x | as long as short |
dYdX ZRO-USD
01 Exchange ZROUSD
Lighter ZRO
BloFin ZRO-USDT
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 | 1.1760 | +0.026% | $1.4M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1759 | +0.017% | $19.3M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1751 | −0.051% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1750 | −0.060% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1749 | −0.068% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1763 | +0.051% | $97K | $217K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1713 | −0.376% | $2.3M | $810K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1730 | −0.230% | $39K | $671K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1768 | +0.094% | $100K | $851K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1758 | +0.009% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0190% | 1h | 1.1755 | −0.018% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1752 | −0.044% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0378% | 1h | 1.1768 | +0.094% | $259K | $400K | 25x | as long as short |
| Hyperliquid ZRO | +0.0387% | 1h | 1.1780 | +0.196% | $37.3M | $5.5M | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.1186% | 1h | 1.1800 | +0.366% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1200% | 1h | 1.1752 | −0.040% | $784K | $589K | 10x | 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
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Hyperliquid ZRO
Injective ZRO/USDC PERP
Extended ZRO-USD