Funding you earn now, next payment 09:00 UTC−0.0455%/8h= −49.9% APRpaid last 24h +0.032%
Price spread now: Aster against Kraken Futures+0.089%54s7-day average −0.040% · 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—prices read too far apart to compare
costs, in and out, $10k−$2622.624% of the position
Funding, last 6 days (all we have)−0.200%−$20 on $10k
+Price spread, last 4 days (all we have)+0.982%+$98 · spread now +0.089%, 7d avg −0.040%
=Together, before fees+0.782%+ Points / potential airdropAster: Stage 5 · farm board+$78 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.130% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.089% now, against its 7-day average of −0.040%): +$13 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 6 days (−0.200% in total) that is about 3.7 days. The two prices were read 54 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 -0.200% in total (about -12.8% 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 | Kraken Futures PF_ZROUSD | 1.1801 | 0.0555 | pay 0.0069% / 1h | 30m 20s | $268K | $307K | 25x |
| Short | Aster ZROUSDT | 1.1811 | 0.0100 | get 0.0050% / 4h | 3h 30m | $159K | $150K | 10x |
Kraken Futures PF_ZROUSD
Aster ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Kraken Futures. 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
- −$95.63
- Price spread: +0.089% → −0.040%
- $12.99
- Slippage, 4 orders
- −$244.43
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$345.08
- Costs to cover
- 2.624%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; Aster: live order book, 1 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 Kraken Futures live order book, 2 min ago | 21.99 bp | 53.4 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 1 min ago | 4.66 bp | 51.8 bp −$52 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZROUSD | −0.0304% | 1h | 1.1781 | −0.171% | $4K | $5K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1796 | −0.041% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0068% | 4h | 1.1803 | +0.019% | $21K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1807 | +0.049% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1804 | +0.027% | $37.4M | $5.3M | 5x | as long as short |
| Aster ZROUSDTshort | +0.0100% | 4h | 1.1811 | +0.089% | $159K | $150K | 10x | |
| Pacifica ZRO | +0.0100% | 1h | 1.1796 | −0.040% | $136K | $170K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1803 | +0.017% | $22.2M | $29.2M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1800 | −0.007% | $18.1M | $13.2M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1807 | +0.053% | $3.2M | $7.8M | 20x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
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 | 1.1790 | −0.091% | $1.3M | $1.3M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1803 | +0.019% | $19.9M | $2.8M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1790 | −0.091% | $2.4M | $2.2M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1783 | −0.151% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1803 | +0.019% | — | $21.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1796 | −0.040% | $2.3M | $758K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1840 | +0.332% | $40K | $667K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1791 | −0.083% | $100K | $799K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1798 | −0.022% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0145% | 4h | 1.1802 | +0.010% | $1.1M | $200K | 75x | as long as short |
| Nado ZRO-PERP | +0.0168% | 1h | 1.1795 | −0.049% | $1.3M | $128K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0294% / S −0.2341% | 1h | 1.1800 | −0.004% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0416% | 1h | 1.1790 | −0.089% | $806K | $646K | 10x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0511% | 1h | 1.1803 | +0.019% | $95K | $220K | 20x | as long as short |
| Kraken Futures PF_ZROUSDlong | +0.0555% | 1h | 1.1801 | long leg | $268K | $307K | 25x | |
| Injective ZRO/USDC PERP | +0.1160% | 1h | 1.1960 | +1.349% | $13K | $258K | 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
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Backpack ZRO_USDC_PERP
Injective ZRO/USDC PERP