Funding you earn now, next payment 06:00 UTC+0.0602%/8h= +65.9% APRnext payment +$0.75 per $10,000 · paid last 24h −0.066%
Price spread now: Kraken Futures against ApeX Omni+0.236%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1231.235% of the position
Funding, last 7 days+0.156%+$16 on $10k
+Price spread, last 4 days (all we have)−0.358%−$36 · spread now +0.236%, 7d avg +0.069%
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Kraken Futures is 0.168% dearer against ApeX Omni than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.069%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.156% in total (about 8.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.75 per $10,000. 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 | ApeX Omni ZROUSDT | 1.1690 | 0.0100 | pay 0.0013% / 1h | 13m 02s | $39K | $675K | 50x |
| Short | Kraken Futures PF_ZROUSD | 1.1718 | 0.0702 | get 0.0088% / 1h | 13m 02s | $254K | $335K | 25x |
ApeX Omni ZROUSDT
Kraken Futures PF_ZROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against ApeX Omni. 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
- $126.42
- Price spread: +0.236% → +0.069%
- $16.75
- Slippage, 4 orders
- −$103.49
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $19.68
- Costs to cover
- 1.235%
- Break-even
- 5.9 days
Slippage from ApeX Omni: live order book, 35 min ago; Kraken Futures: live order book, 35 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 ApeX Omni live order book, 35 min ago | 8.58 bp | 25.4 bp −$25 | 116.7 bp −$1,167 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 35 min ago | 27.04 bp | 39.6 bp −$40 | 187.2 bp −$1,872 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0008% | 1h | 1.1713 | +0.197% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0069% | 4h | 1.1716 | +0.222% | $21K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1732 | +0.359% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1721 | +0.265% | $37.2M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1720 | +0.256% | $158K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1710 | +0.173% | $138K | $175K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1713 | +0.194% | $21.9M | $29.4M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1709 | +0.163% | $17.9M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1716 | +0.222% | $3.2M | $7.8M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1710 | +0.171% | $1.3M | $1.5M | 75x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1712 | +0.188% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1710 | +0.171% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1704 | +0.120% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1712 | +0.188% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1715 | +0.214% | $95K | $220K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1682 | −0.068% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDTlong | +0.0100% | 1h | 1.1690 | long leg | $39K | $675K | 50x | |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1721 | +0.265% | $102K | $815K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1705 | +0.131% | $21K | — | 3x | as long as short |
| 01 Exchange ZROUSD | +0.0128% | 1h | 1.1723 | +0.279% | $4K | $5K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0145% | 4h | 1.1712 | +0.188% | $1.0M | $253K | 75x | as long as short |
| Nado ZRO-PERP | +0.0160% | 1h | 1.1713 | +0.200% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1713 | +0.198% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSDshort | +0.0702% | 1h | 1.1718 | +0.236% | $254K | $335K | 25x | |
| Extended ZRO-USD | +0.0936% | 1h | 1.1710 | +0.171% | $799K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1343% | 1h | 1.1750 | +0.513% | $12K | $261K | 12x | as long as short |
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
01 Exchange ZROUSD
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP