Funding you earn now, next payment 23:00 UTC−0.2445%/8h= −267.7% APRnext payment −$3.06 per $10,000 · paid last 24h −0.215%
Price spread now: Kraken Futures against Extended+0.275%7-day average +0.117% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,063as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,053as in the Price arb table
costs, in and out, $10k−$1,06810.685% of the position
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 3 days (all we have)−0.435%−$43 · spread now +0.275%, 7d avg +0.117%
=Together, before fees−0.384%+ Points / potential airdropExtended: Active · farm board−$38 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.158% dearer against Extended than usual: you sell high and buy low (spread +0.275% now, against its 7-day average of +0.117%): +$16 on $10k if it goes back. Holding the pair costs −$73 a day in funding at the current rate, which eats that in about 5 hours. Mind the row above: over the last 7 days funding on this pair paid +0.051%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.051% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.06 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 | Extended ZRO-USD | 1.1798 | 0.2504 | pay 0.0313% / 1h | 31m 32s | $784K | $541K | 10x |
| Short | Kraken Futures PF_ZROUSD | 1.1830 | 0.0059 | get 0.0007% / 1h | 31m 32s | $251K | $517K | 25x |
Extended ZRO-USD
Kraken Futures PF_ZROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- −$513.4
- Price spread: +0.275% → +0.117%
- $15.81
- Slippage, 4 orders
- −$1,053.49
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$1,566.08
- Costs to cover
- 10.685%
- Break-even
- never at this rate
Slippage from Extended: live order book, 52 min ago; Kraken Futures: live order book, 51 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 Extended live order book, 52 min ago | 12.59 bp | 959.9 bp −$960 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 51 min ago | 25.70 bp | 39.7 bp −$40 | 145.4 bp −$1,454 | 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 | −0.0504% | 1h | 1.1794 | −0.031% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0041% | 4h | 1.1821 | +0.197% | $21K | $7K | 10x | as long as short |
| Kraken Futures PF_ZROUSDshort | +0.0059% | 1h | 1.1830 | +0.275% | $251K | $517K | 25x | |
| Lighter ZRO | +0.0096% | 1h | 1.1809 | +0.092% | $4.4M | $1.5M | 5x | as long as short |
| BloFin ZRO-USDT | +0.0097% | 4h | 1.1835 | +0.315% | $1.1M | $263K | 75x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1817 | +0.163% | $37.5M | $6.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1819 | +0.184% | $158K | $153K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1810 | +0.100% | $138K | $182K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1806 | +0.071% | $22.2M | $31.7M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1798 | +0.002% | $18.0M | $14.8M | 50x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Lighter ZRO
BloFin ZRO-USDT
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 | 1.1811 | +0.112% | $3.2M | $8.5M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1810 | +0.104% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1803 | +0.044% | $19.1M | $3.1M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1816 | +0.154% | $2.9M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1800 | +0.019% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1808 | +0.087% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1817 | +0.163% | $100K | $208K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1815 | +0.147% | $2.3M | $859K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1830 | +0.273% | $37K | $682K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1810 | +0.104% | $88K | $904K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1814 | +0.135% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0138% | 1h | 1.1811 | +0.111% | $21K | $2K | 5x | as long as short |
| Nado ZRO-PERP | +0.0179% | 1h | 1.1800 | +0.017% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1808 | +0.090% | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERP | +0.0980% | 1h | 1.1880 | +0.697% | $12K | $218K | 12x | as long as short |
| Extended ZRO-USDlong | +0.2504% | 1h | 1.1798 | long leg | $784K | $541K | 10x |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
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
dYdX ZRO-USD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP