Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.022%
Price spread now: KuCoin against Backpack−0.204%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1000.998% of the position
Funding, last 7 days+0.190%+$19 on $10k
+Price spread, last 4 days (all we have)+0.242%+$24 · spread now −0.204%, 7d avg +0.004%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.208% cheaper against Backpack than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ZRO_USDC_PERP | 1.1791 | 0.0100 | pay 0.0013% / 1h | 4m 01s | $98K | $204K | 20x |
| Short | KuCoin ZROUSDTM | 1.1767 | 0.0100 | get 0.0050% / 4h | 4m 01s | $2.4M | $1.9M | 50x |
Backpack ZRO_USDC_PERP
KuCoin ZROUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Backpack. 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
- $0
- Price spread: −0.204% → +0.004%
- −$20.78
- Slippage, 4 orders
- −$77.85
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$120.63
- Costs to cover
- 0.998%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 9 min ago; KuCoin: live order book, 3 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 Backpack live order book, 9 min ago | 0.43 bp | 6.8 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 6.39 bp | 35.1 bp −$35 | 120.7 bp −$1,207 | 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 | −0.0248% | 1h | 1.1779 | −0.103% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0012% | 4h | 1.1783 | −0.068% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0089% | 1h | 1.1772 | −0.162% | $21K | $3K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0091% | 4h | 1.1737 | −0.458% | $1.1M | $256K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1785 | −0.048% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1787 | −0.034% | $37.3M | $6.1M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1785 | −0.053% | $157K | $153K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1775 | −0.136% | $136K | $173K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1780 | −0.093% | $22.1M | $30.7M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1774 | −0.144% | $18.0M | $14.4M | 50x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
BloFin ZRO-USDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1783 | −0.068% | $3.2M | $8.1M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1770 | −0.178% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1780 | −0.093% | $19.1M | $2.8M | 125x | as long as short |
| KuCoin ZROUSDTMshort | +0.0100% | 4h | 1.1767 | −0.204% | $2.4M | $1.9M | 50x | |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1776 | −0.127% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1779 | −0.102% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERPlong | +0.0100% | 1h | 1.1791 | long leg | $98K | $204K | 20x | |
| Variational Omni ZRO | +0.0100% | 4h | 1.1735 | −0.476% | $2.3M | $879K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1750 | −0.348% | $37K | $688K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1790 | −0.008% | $94K | $823K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1775 | −0.134% | $21K | — | 3x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0132% | 1h | 1.1798 | +0.060% | $253K | $419K | 25x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1784 | −0.060% | $3K | — | 100x | as long as short |
| Nado ZRO-PERP | +0.0296% | 1h | 1.1778 | −0.112% | $1.3M | $123K | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.1159% | 1h | 1.1790 | −0.008% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1880% | 1h | 1.1778 | −0.108% | $784K | $589K | 10x | as long as short |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Kraken Futures PF_ZROUSD
GMX ZRO/USD [ETH-USDC]
Nado ZRO-PERP
Injective ZRO/USDC PERP
Extended ZRO-USD