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

ZRO

all ZRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.1263%/8h= −138.3% APRpaid last 24h −0.147%
Price spread now: Aster against Injective+0.068%97s7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1471.474% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.116%+$12 on $10k
Price spread, last 4 days (all we have)+0.918%+$92 · spread now +0.068%, 7d avg +0.052%
Together, before fees+1.035%+ Points / potential airdropAster: Stage 5 · farm board+$103 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: −$38 a day on $10k at the current rate. Mind the row above: over the last 6 days funding on this pair paid +0.116%, so the current rate has only just turned against you. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.116% in total (about 7.7% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ZRO/USDC PERP1.18100.1363pay 0.0170% / 1h51m 47s$12K$261K12x
ShortAster ZROUSDT1.18180.0100get 0.0050% / 4h3h 51m$159K$150K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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
−$265.15
Price spread: +0.068% → +0.052%
$1.55
Slippage, 4 orders
−$139.36
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Aster: 4 bp × 2 orders
−$8
Net
−$410.98
Costs to cover
1.474%
Break-even
never at this rate
Slippage from Injective: live order book, 2 min ago; Aster: live order book, 64 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 Injective live order book, 2 min ago29.65 bp29.7 bp −$30doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 64 min ago3.85 bp30.8 bp −$31doesn'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
dYdX ZRO-USD0.0000%1h1.1803−0.059%$21K$4K5xas long as short
Orderly PERP_ZRO_USDC+0.0047%4h1.1812+0.017%$21K$5K10xas long as short
Lighter ZRO+0.0096%1h1.1820+0.087%$4.4M$1.2M5xas long as short
Aster ZROUSDTshort+0.0100%4h1.1818+0.068%$159K$150K10x
Pacifica ZRO+0.0100%1h1.1805−0.043%$137K$178K5xas long as short
Binance ZROUSDT+0.0100%4h1.1800−0.085%$22.1M$29.9M75xas long as short
Bybit ZROUSDT+0.0100%4h1.1811+0.008%$18.1M$13.9M50xas long as short
OKX ZRO-USDT-SWAP+0.0100%4h1.1803−0.059%$3.2M$8.0M20xas long as short
Gate ZRO_USDT+0.0100%4h1.18100.000%$1.4M$1.5M75xas long as short
MEXC ZRO_USDT+0.0100%4h1.1804−0.051%$19.3M$2.7M125xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ZROUSDTM+0.0100%4h1.1806−0.034%$2.4M$2.0M50xas long as short
Bitget ZROUSDT+0.0100%4h1.1809−0.008%$2.7M$2.6M75xas long as short
BingX ZRO-USDT+0.0100%4h1.18100.000%$16.4Mas long as short
Variational Omni ZRO+0.0100%4h1.1756−0.458%$2.3M$810Kas long as short
ApeX Omni ZROUSDT+0.0100%1h1.1790−0.169%$39K$674K50xas long as short
Polymarket Perps ZRO-USD+0.0100%1h1.1820+0.085%$100K$851K5xas long as short
Aevo ZRO-PERP+0.0104%1h1.1808−0.016%$21K3xas long as short
BloFin ZRO-USDT+0.0142%4h1.1825+0.127%$1.1M$252K75xas long as short
Backpack ZRO_USDC_PERP+0.0176%1h1.1806−0.034%$102K$220K20xas long as short
Nado ZRO-PERP+0.0208%1h1.1824+0.118%$1.3M$124K5xas long as short
01 Exchange ZROUSD+0.0264%1h1.1838+0.236%$7K$3K5xas long as short
GMX ZRO/USD [ETH-USDC]L +0.0293% / S −0.2341%1h1.1813+0.022%$3K100xas long as short
Kraken Futures PF_ZROUSD+0.0459%1h1.1810−0.004%$260K$387K25xas long as short
Hyperliquid ZRO+0.0469%1h1.1820+0.085%$37.5M$5.4M5xas long as short
Extended ZRO-USD+0.0984%1h1.1805−0.047%$788K$589K10xas long as short
Injective ZRO/USDC PERPlong+0.1363%1h1.1810long leg$12K$261K12x