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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Aster against Bybit+0.122%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1251.249% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.003%$0 on $10k
Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.122%, 7d avg +0.089%
Together, before fees−0.035%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.032% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.089%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZROUSDT1.18010.0100pay 0.0050% / 4h1h 28m$18.0M$14.8M50x
ShortAster ZROUSDT1.18150.0100get 0.0050% / 4h1h 28m$158K$153K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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
$0
Price spread: +0.122% → +0.089%
$3.23
Slippage, 4 orders
−$105.88
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aster: 4 bp × 2 orders
−$8
Net
−$121.65
Costs to cover
1.249%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; Aster: live order book, 53 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago0.42 bp15.4 bp −$1550.7 bp −$507doesn't fitdoesn't fit
Sell Aster live order book, 53 min ago4.64 bp47.8 bp −$48doesn't fitdoesn't fitdoesn't fit

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−0.0504%1h1.1800−0.012%$7K$3K5xas long as short
Orderly PERP_ZRO_USDC−0.0040%4h1.1811+0.085%$21K$7K10xas long as short
Kraken Futures PF_ZROUSD+0.0059%1h1.1823+0.183%$250K$518K25xas long as short
BloFin ZRO-USDT+0.0066%4h1.1811+0.085%$1.1M$263K75xas long as short
Lighter ZRO+0.0096%1h1.1809+0.068%$4.4M$1.5M5xas long as short
Hyperliquid ZRO+0.0100%1h1.1822+0.178%$37.5M$6.2M5xas long as short
Aster ZROUSDTshort+0.0100%4h1.1815+0.122%$158K$153K10x
Pacifica ZRO+0.0100%1h1.1811+0.085%$137K$183K5xas long as short
Binance ZROUSDT+0.0100%4h1.1811+0.082%$22.2M$31.7M75xas long as short
Bybit ZROUSDTlong+0.0100%4h1.1801long leg$18.0M$14.8M50x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZRO-USDT-SWAP+0.0100%4h1.1805+0.034%$3.2M$8.5M20xas long as short
Gate ZRO_USDT+0.0100%4h1.1810+0.076%$1.3M$1.8M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1809+0.068%$19.1M$3.1M125xas long as short
KuCoin ZROUSDTM+0.0100%4h1.1810+0.076%$2.9M$1.8M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1807+0.051%$2.7M$2.4M75xas long as short
BingX ZRO-USDT+0.0100%4h1.1810+0.076%$10.7Mas long as short
Backpack ZRO_USDC_PERP+0.0100%1h1.1817+0.136%$100K$208K20xas long as short
Variational Omni ZRO+0.0100%4h1.1790−0.097%$2.3M$858Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1830+0.246%$37K$682K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1820+0.161%$88K$904K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1805+0.036%$21K3xas long as short
dYdX ZRO-USD+0.0139%1h1.1809+0.072%$21K$2K5xas long as short
Nado ZRO-PERP+0.0171%1h1.1810+0.078%$1.3M$124K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0292% / S −0.2341%1h1.1816+0.129%$3K100xas long as short
Injective ZRO/USDC PERP+0.0980%1h1.1840+0.330%$12K$218K12xas long as short
Extended ZRO-USD+0.2504%1h1.1810+0.074%$780K$551K10xas long as short