Spread before costs (cost unknown: a leg has no order-book sample)−0.041%
7d average—if it closes, per $10,000$4funding while held, a day−$6.29
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster ZROUSDT | 1.2103 | 0.0100 | pay 0.0050% / 4h | 1h 51m | $136K | $103K | 10x |
| Short | Orderly PERP_ZRO_USDC | 1.2098 | −0.0110 | pay 0.0055% / 4h | 1h 51m | $21K | $7K | 10x |
Aster ZROUSDT
Orderly PERP_ZRO_USDCPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$4.13
- Funding while held
- −$6.29
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$24.42
- Spread needed to break even
- 0.140%
Slippage unknown: Aster: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0210%
- Per $10,000 a day
- −$6.29
- Average in range /8h
- —
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, 2 min ago | 5.80 bp | 55.9 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
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 price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni1.2010cheapestGate1.2080+0.583%BingX1.2086+0.633%dYdX1.2087+0.640%Bitget1.2094+0.699%Aevo1.2095+0.708%Kraken Futures1.2098+0.732%
ApeX Omni
Gate
BingX
dYdX
Bitget
Aevo
Kraken FuturesOrderly1.2098+0.733%
Pacifica1.2099+0.738%Extended1.2100+0.746%OKX1.2100+0.749%Polymarket Perps1.2100+0.749%Nado1.2100+0.751%GMX1.2100+0.751%Backpack1.2101+0.758%Binance1.2102+0.766%Bybit1.2102+0.766%MEXC1.2102+0.766%
Pacifica
Extended
OKX
Polymarket Perps
Nado
GMX
Backpack
Binance
Bybit
MEXCAster1.2103+0.774%
KuCoin1.2104+0.783%BloFin1.2104+0.783%Hyperliquid1.2109+0.824%Lighter1.2118+0.901%Injective1.2200+1.582%Variational Omni1.2209+1.653%
KuCoin
BloFin
Hyperliquid
Lighter
Injective
Variational OmniZRO on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni ZROUSDT | −0.768% | −0.0042% | 1h | $38K | $674K | 50x | as long as short |
| Gate ZRO_USDT | −0.190% | +0.0100% | 4h | $1.4M | $2.1M | 75x | as long as short |
| BingX ZRO-USDT | −0.140% | +0.0100% | 4h | — | $8.6M | — | as long as short |
| dYdX ZRO-USD | −0.133% | 0.0000% | 1h | $22K | $419 | 5x | as long as short |
| Bitget ZROUSDT | −0.074% | +0.0100% | 4h | $2.8M | $2.9M | 75x | as long as short |
| Aevo ZRO-PERP | −0.066% | +0.0104% | 1h | $21K | — | 3x | as long as short |
| Kraken Futures PF_ZROUSD | −0.042% | −0.0955% | 1h | $271K | $569K | 25x | as long as short |
| Orderly PERP_ZRO_USDCshort | −0.041% | −0.0110% | 4h | $21K | $7K | 10x | |
| Pacifica ZRO | −0.036% | +0.0100% | 1h | $147K | $217K | 5x | as long as short |
| Extended ZRO-USD | −0.028% | +0.1144% | 1h | $804K | $461K | 10x | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | −0.025% | −0.0078% | 4h | $3.3M | $8.2M | 20x | as long as short |
| Polymarket Perps ZRO-USD | −0.025% | −0.0001% | 1h | $86K | $853K | 5x | as long as short |
| Nado ZRO-PERP | −0.024% | +0.0255% | 1h | $1.4M | $108K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | −0.023% | L +0.0408% / S −0.4670% | 1h | $6K | — | 100x | as long as short |
| Backpack ZRO_USDC_PERP | −0.017% | +0.0100% | 1h | $89K | $173K | 20x | as long as short |
| Binance ZROUSDT | −0.008% | +0.0100% | 4h | $23.2M | $33.6M | 75x | as long as short |
| Bybit ZROUSDT | −0.008% | +0.0100% | 4h | $18.7M | $17.0M | 50x | as long as short |
| MEXC ZRO_USDT | −0.008% | +0.0100% | 4h | $17.7M | $3.8M | 125x | as long as short |
| Aster ZROUSDTlong | 0.000% | +0.0100% | 4h | $136K | $103K | 10x | |
| KuCoin ZROUSDTM | +0.008% | +0.0100% | 4h | $2.6M | $1.3M | 50x | as long as short |
| BloFin ZRO-USDT | +0.008% | +0.0040% | 4h | $1.1M | $286K | 75x | as long as short |
| Hyperliquid ZRO | +0.050% | +0.0100% | 1h | $40.0M | $7.1M | 5x | as long as short |
| Lighter ZRO | +0.126% | +0.0096% | 1h | $4.9M | $1.2M | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.801% | +0.0032% | 1h | $13K | $146K | 12x | as long as short |
| Variational Omni ZRO | +0.872% | +0.0100% | 4h | $2.4M | $745K | — | as long as short |