Funding you earn now, next payment 03:00 UTC+0.0210%/8h= +23.0% APRpaid last 24h −0.116%
Price spread now: Kraken Futures against Bybit+0.145%7-day average +0.137% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1461.464% of the position
Funding, last 7 days+0.152%+$15 on $10k
+Price spread, last 4 days (all we have)−0.987%−$99 · spread now +0.145%, 7d avg +0.137%
=The price spread sits at its 7-day average of +0.137%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZROUSDT | 1.1734 | −0.0013 | get 0.0006% / 4h | 1h 36m | $17.9M | $14.1M | 50x |
| Short | Kraken Futures PF_ZROUSD | 1.1751 | 0.0197 | get 0.0025% / 1h | 36m 16s | $258K | $407K | 25x |
Bybit ZROUSDT
Kraken Futures PF_ZROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- $44.09
- Price spread: +0.145% → +0.137%
- $0.8
- Slippage, 4 orders
- −$125.43
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$101.53
- Costs to cover
- 1.464%
- Break-even
- 23.1 days
Slippage from Bybit: live order book, 2 min ago; Kraken Futures: live order book, 26 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 Bybit live order book, 2 min ago | 1.28 bp | 15.3 bp −$15 | 45.6 bp −$456 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 26 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 | −0.0528% | 1h | 1.1710 | −0.200% | $7K | $3K | 5x | as long as short |
| Bybit ZROUSDTlong | −0.0013% | 4h | 1.1734 | long leg | $17.9M | $14.1M | 50x | |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1708 | −0.219% | $21K | $3K | 5x | as long as short |
| Gate ZRO_USDT | +0.0032% | 4h | 1.1710 | −0.205% | $1.3M | $1.5M | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0036% | 4h | 1.1738 | +0.034% | $21K | $5K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1756 | +0.188% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1740 | +0.051% | $37.2M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1729 | −0.045% | $158K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1707 | −0.232% | $136K | $175K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1738 | +0.035% | $22.0M | $29.9M | 75x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Gate ZRO_USDT
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance 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 | 1.1742 | +0.068% | $3.2M | $8.0M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1737 | +0.026% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1729 | −0.043% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1733 | −0.009% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1726 | −0.068% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1706 | −0.239% | $95K | $211K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1694 | −0.339% | $2.3M | $813K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1680 | −0.460% | $39K | $674K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1724 | −0.085% | $100K | $850K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1725 | −0.074% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0113% | 4h | 1.1700 | −0.290% | $1.1M | $249K | 75x | as long as short |
| Kraken Futures PF_ZROUSDshort | +0.0197% | 1h | 1.1751 | +0.145% | $258K | $407K | 25x | |
| Nado ZRO-PERP | +0.0201% | 1h | 1.1711 | −0.197% | $1.3M | $127K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1742 | +0.068% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0584% | 1h | 1.1740 | +0.051% | $784K | $591K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1102% | 1h | 1.1730 | −0.034% | $12K | $260K | 12x | as long as short |
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
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
Injective ZRO/USDC PERP