Funding you earn now, next payment 12:00 UTC+0.0138%/8h= +15.1% APRnext payment +$0.69 per $10,000 · paid last 24h +0.031%
Price spread now: Aster against Orderly+0.262%49s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Aster is 0.262% dearer against Orderly than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ZRO_USDC | 1.1687 | −0.0038 | get 0.0019% / 4h | 50m 35s | $20K | $2K | 10x |
| Short | Aster ZROUSDT | 1.1718 | 0.0100 | get 0.0050% / 4h | 50m 35s | $158K | $117K | 10x |
Orderly PERP_ZRO_USDC
Aster ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Orderly. 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
- $29.03
- Price spread: +0.262% → 0.000%
- $26.22
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $41.25
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Aster: live order book, 54 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 54 min ago | 4.67 bp | 28.1 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
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 on 26 exchanges
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 | −0.0272% | 1h | 1.1728 | +0.348% | $4K | $5K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | −0.0186% | 1h | 1.1689 | +0.015% | $266K | $173K | 25x | as long as short |
| Bybit ZROUSDT | −0.0159% | 4h | 1.1708 | +0.180% | $18.0M | $10.5M | 50x | as long as short |
| Variational Omni ZRO | −0.0117% | 4h | 1.1676 | −0.091% | $2.3M | $570K | — | as long as short |
| ApeX Omni ZROUSDT | −0.0097% | 1h | 1.1700 | +0.111% | $39K | $669K | 50x | as long as short |
| Orderly PERP_ZRO_USDClong | −0.0038% | 4h | 1.1687 | long leg | $20K | $2K | 10x | |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1702 | +0.127% | $21K | $5K | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.0033% | 1h | 1.1740 | +0.453% | $12K | $257K | 12x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0033% | 4h | 1.1716 | +0.248% | $3.2M | $7.1M | 20x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1708 | +0.181% | $4.4M | $1.1M | 5x | as long as short |
01 Exchange ZROUSD
Kraken Futures PF_ZROUSD
Bybit ZROUSDT
Variational Omni ZRO
ApeX Omni ZROUSDT
dYdX ZRO-USD
Injective ZRO/USDC PERP
OKX ZRO-USDT-SWAP
Lighter ZROShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ZRO | +0.0100% | 1h | 1.1714 | +0.231% | $37.1M | $4.4M | 5x | as long as short |
| Aster ZROUSDTshort | +0.0100% | 4h | 1.1718 | +0.262% | $158K | $117K | 10x | |
| Pacifica ZRO | +0.0100% | 1h | 1.1700 | +0.111% | $135K | $140K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1717 | +0.259% | $21.9M | $25.3M | 75x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1700 | +0.111% | $1.3M | $1.1M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1693 | +0.051% | $9.5M | $2.4M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1692 | +0.043% | $2.2M | $2.2M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1694 | +0.060% | $2.8M | $2.2M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1695 | +0.068% | — | $25.0M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1698 | +0.094% | $92K | $213K | 20x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1688 | +0.009% | $80K | $709K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1693 | +0.053% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0138% | 1h | 1.1683 | −0.035% | $1.3M | $120K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0151% | 4h | 1.1684 | −0.026% | $1.0M | $137K | 75x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1693 | +0.051% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0608% | 1h | 1.1699 | +0.103% | $794K | $654K | 10x | as long as short |
Hyperliquid ZRO
Pacifica ZRO
Binance ZROUSDT
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
BloFin ZRO-USDT
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD