Funding you earn now, next payment 03:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h −0.116%
Price spread now: Kraken Futures against BingX−0.005%7-day average +0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1311.310% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 4 days (all we have)−0.837%−$84 · spread now −0.005%, 7d avg +0.110%
=Funding pays, the price is against you. Kraken Futures is 0.115% cheaper against BingX than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.110%). If the spread goes back, that is −$11 on $10k: about 3.9 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ZRO-USDT | 1.1693 | 0.0100 | pay 0.0050% / 4h | 1h 38m | — | $16.5M | — |
| Short | Kraken Futures PF_ZROUSD | 1.1692 | 0.0198 | get 0.0025% / 1h | 38m 54s | $257K | $407K | 25x |
BingX ZRO-USDT
Kraken Futures PF_ZROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $20.62
- Price spread: −0.005% → +0.110%
- −$11.48
- Slippage, 4 orders
- −$110.98
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$121.84
- Costs to cover
- 1.310%
- Break-even
- 48.4 days
Slippage from BingX: live order book, 14 min ago; Kraken Futures: live order book, 24 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 BingX live order book, 14 min ago | 2.13 bp | 8.2 bp −$8 | 12.7 bp −$127 | 24.2 bp −$2,424 | 49.6 bp −$24.8K |
| Sell Kraken Futures live order book, 24 min ago | 32.83 bp | 39.2 bp −$39 | 172.9 bp −$1,729 | 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 | −0.0536% | 1h | 1.1674 | −0.167% | $7K | $3K | 5x | as long as short |
| Bybit ZROUSDT | −0.0051% | 4h | 1.1698 | +0.043% | $17.9M | $14.0M | 50x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1688 | −0.041% | $21K | $3K | 5x | as long as short |
| Gate ZRO_USDT | +0.0022% | 4h | 1.1680 | −0.111% | $1.3M | $1.5M | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0036% | 4h | 1.1679 | −0.120% | $20K | $5K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0080% | 4h | 1.1676 | −0.145% | $1.1M | $248K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1701 | +0.071% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1700 | +0.060% | $37.0M | $5.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1695 | +0.019% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1690 | −0.026% | $136K | $175K | 5x | as long as short |
01 Exchange ZROUSD
Bybit ZROUSDT
dYdX ZRO-USD
Gate ZRO_USDT
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZROShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ZROUSDT | +0.0100% | 4h | 1.1700 | +0.060% | $21.9M | $29.9M | 75x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1704 | +0.094% | $3.2M | $8.0M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1690 | −0.026% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1688 | −0.043% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1676 | −0.145% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDTlong | +0.0100% | 4h | 1.1693 | long leg | — | $16.5M | — | |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1686 | −0.060% | $94K | $212K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1694 | +0.010% | $2.3M | $813K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1690 | −0.026% | $39K | $673K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1689 | −0.034% | $99K | $851K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1675 | −0.154% | $21K | — | 3x | as long as short |
| Kraken Futures PF_ZROUSDshort | +0.0198% | 1h | 1.1692 | −0.005% | $257K | $407K | 25x | |
| Nado ZRO-PERP | +0.0198% | 1h | 1.1684 | −0.080% | $1.3M | $127K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1682 | −0.093% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0568% | 1h | 1.1689 | −0.035% | $781K | $590K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1102% | 1h | 1.1730 | +0.316% | $12K | $260K | 12x | as long as short |
Binance ZROUSDT
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP