Spread before costs (cost unknown: a leg has no order-book sample)−0.020%
7d average—if it closes, per $10,000$2funding while held, a day−$5.48
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ZRO/USD [ETH-USDC] | 1.1846 | L +0.0283% / S −0.2124% | pay 0.0035% / 1h | 21m 09s | $3K | — | 100x |
| Short | Aster ZROUSDT | 1.1844 | 0.0100 | get 0.0050% / 4h | 3h 21m | $160K | $151K | 10x |
GMX ZRO/USD [ETH-USDC]
Aster ZROUSDTPrice 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
- −$2.04
- Funding while held
- −$5.48
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$27.52
- Spread needed to break even
- 0.200%
Slippage unknown: GMX: no order-book sample; Aster: live order book, 22 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0183%
- Per $10,000 a day
- −$5.48
- 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 GMX no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 22 min ago | 4.58 bp | 27.4 bp −$27 | 262.8 bp −$2,628 | doesn't fit | doesn't fit |
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 price on every exchange
against the cheapest. Click to use as the short leg.Nado1.1828cheapestBloFin1.1829+0.011%Bybit1.1834+0.053%Bitget1.1837+0.079%Polymarket Perps1.1838+0.087%KuCoin1.1839+0.096%Extended1.1840+0.102%Pacifica1.1840+0.104%Gate1.1840+0.104%Aevo1.1840+0.104%BingX1.1842+0.121%Orderly1.1842+0.121%01 Exchange1.1843+0.128%Binance1.1843+0.134%
Nado
BloFin
Bybit
Bitget
Polymarket Perps
KuCoin
Extended
Pacifica
Gate
Aevo
BingX
Orderly
BinanceAster1.1844+0.134%
OKX1.1845+0.146%dYdX1.1845+0.149%
OKX
dYdXGMX1.1846+0.155%
Backpack1.1847+0.163%MEXC1.1848+0.172%Kraken Futures1.1855+0.233%Hyperliquid1.1865+0.315%Lighter1.1866+0.324%Variational Omni1.1903+0.634%ApeX Omni1.1920+0.780%Injective1.1920+0.780%
Backpack
MEXC
Kraken Futures
Hyperliquid
Lighter
Variational Omni
ApeX Omni
InjectiveZRO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado ZRO-PERP | −0.154% | +0.0361% | 1h | $1.3M | $119K | 5x | as long as short |
| BloFin ZRO-USDT | −0.143% | +0.0107% | 4h | $1.1M | $277K | 75x | as long as short |
| Bybit ZROUSDT | −0.101% | −0.0002% | 4h | $18.3M | $17.5M | 50x | as long as short |
| Bitget ZROUSDT | −0.076% | +0.0100% | 4h | $2.7M | $2.8M | 75x | as long as short |
| Polymarket Perps ZRO-USD | −0.067% | +0.0100% | 1h | $82K | $861K | 5x | as long as short |
| KuCoin ZROUSDTM | −0.059% | +0.0100% | 4h | $2.4M | $1.3M | 50x | as long as short |
| Extended ZRO-USD | −0.053% | +0.0104% | 1h | $791K | $474K | 10x | as long as short |
| Pacifica ZRO | −0.051% | +0.0100% | 1h | $143K | $219K | 5x | as long as short |
| Gate ZRO_USDT | −0.051% | +0.0100% | 4h | $1.4M | $2.1M | 75x | as long as short |
| Aevo ZRO-PERP | −0.051% | +0.0104% | 1h | $21K | — | 3x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX ZRO-USDT | −0.034% | +0.0100% | 4h | — | $8.9M | — | as long as short |
| Orderly PERP_ZRO_USDC | −0.034% | −0.0058% | 4h | $21K | $7K | 10x | as long as short |
| 01 Exchange ZROUSD | −0.026% | +0.0240% | 1h | $7K | $3K | 5x | as long as short |
| Binance ZROUSDT | −0.021% | +0.0100% | 4h | $22.8M | $34.5M | 75x | as long as short |
| Aster ZROUSDTshort | −0.020% | +0.0100% | 4h | $160K | $151K | 10x | |
| OKX ZRO-USDT-SWAP | −0.008% | +0.0100% | 4h | $3.2M | $7.9M | 20x | as long as short |
| dYdX ZRO-USD | −0.005% | +0.0063% | 1h | $21K | $1K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC]long | 0.000% | L +0.0283% / S −0.2124% | 1h | $3K | — | 100x | |
| Backpack ZRO_USDC_PERP | +0.009% | +0.0100% | 1h | $91K | $199K | 20x | as long as short |
| MEXC ZRO_USDT | +0.017% | +0.0100% | 4h | $17.8M | $3.9M | 125x | as long as short |
| Kraken Futures PF_ZROUSD | +0.078% | −0.0157% | 1h | $263K | $572K | 25x | as long as short |
| Hyperliquid ZRO | +0.160% | +0.0724% | 1h | $39.0M | $7.4M | 5x | as long as short |
| Lighter ZRO | +0.169% | +0.0304% | 1h | $4.8M | $1.3M | 5x | as long as short |
| Variational Omni ZRO | +0.479% | +0.0100% | 4h | $2.3M | $906K | — | as long as short |
| ApeX Omni ZROUSDT | +0.625% | +0.0100% | 1h | $37K | $681K | 50x | as long as short |
| Injective ZRO/USDC PERP | +0.625% | +0.0456% | 1h | $12K | $147K | 12x | as long as short |