Funding you earn now, next payment 06:00 UTC+0.0612%/8h= +67.0% APRpaid last 24h −0.066%
Price spread now: Kraken Futures against Aster+0.072%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$249as 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)−0.205%−$20 · spread now +0.072%, 7d avg +0.041%
=Together, before fees−0.020%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Kraken Futures is 0.032% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.041%.
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 | Aster ZROUSDT | 1.1547 | 0.0100 | pay 0.0050% / 4h | 2h 27m | $156K | $150K | 10x |
| Short | Kraken Futures PF_ZROUSD | 1.1555 | 0.0712 | get 0.0089% / 1h | 27m 35s | $252K | $334K | 25x |
Aster ZROUSDT
Kraken Futures PF_ZROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $128.49
- Price spread: +0.072% → +0.041%
- $3.19
- Slippage, 4 orders
- −$234.36
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$120.68
- Costs to cover
- 2.524%
- Break-even
- 13.6 days
Slippage from Aster: live order book, 19 min ago; Kraken Futures: live order book, 20 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, 19 min ago | 4.73 bp | 141.6 bp −$142 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 20 min ago | 27.04 bp | 39.6 bp −$40 | 187.2 bp −$1,872 | 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 | +0.0008% | 1h | 1.1528 | −0.160% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0065% | 4h | 1.1535 | −0.101% | $20K | $4K | 10x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0092% | 1h | 1.1541 | −0.049% | $93K | $218K | 20x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1559 | +0.107% | $4.3M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1543 | −0.031% | $36.6M | $5.5M | 5x | as long as short |
| Aster ZROUSDTlong | +0.0100% | 4h | 1.1547 | long leg | $156K | $150K | 10x | |
| Pacifica ZRO | +0.0100% | 1h | 1.1535 | −0.099% | $136K | $176K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1539 | −0.066% | $21.6M | $29.4M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1545 | −0.014% | $17.7M | $13.5M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1550 | +0.029% | $3.1M | $7.7M | 20x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Backpack ZRO_USDC_PERP
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 | 1.1520 | −0.230% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1538 | −0.075% | $18.9M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1535 | −0.101% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1528 | −0.161% | $2.6M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1533 | −0.118% | — | $16.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1554 | +0.061% | $2.2M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1590 | +0.376% | $39K | $677K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1544 | −0.023% | $101K | $815K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1535 | −0.101% | $20K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0108% | 4h | 1.1574 | +0.237% | $1.0M | $247K | 75x | as long as short |
| 01 Exchange ZROUSD | +0.0112% | 1h | 1.1543 | −0.028% | $4K | $5K | 5x | as long as short |
| Nado ZRO-PERP | +0.0203% | 1h | 1.1543 | −0.029% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1535 | −0.100% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSDshort | +0.0712% | 1h | 1.1555 | +0.072% | $252K | $334K | 25x | |
| Extended ZRO-USD | +0.0896% | 1h | 1.1537 | −0.079% | $791K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1343% | 1h | 1.1630 | +0.722% | $12K | $260K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
01 Exchange ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP