Funding you earn now, next payment 05:00 UTC+0.0363%/8h= +39.7% APRpaid last 24h −0.075%
Price spread now: Kraken Futures against Gate+0.138%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1431.435% of the position
Funding, last 7 days+0.173%+$17 on $10k
+Price spread, last 4 days (all we have)−0.377%−$38 · spread now +0.138%, 7d avg +0.090%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Kraken Futures is 0.047% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.090%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.173% in total (about 9.0% a year). A funding rate is set anew for every payment. 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 | Gate ZRO_USDT | 1.1700 | 0.0100 | pay 0.0050% / 4h | 3h 07m | $1.3M | $1.5M | 75x |
| Short | Kraken Futures PF_ZROUSD | 1.1716 | 0.0463 | get 0.0058% / 1h | 7m 48s | $256K | $355K | 25x |
Gate ZRO_USDT
Kraken Futures PF_ZROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- $76.14
- Price spread: +0.138% → +0.090%
- $4.74
- Slippage, 4 orders
- −$118.47
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$62.59
- Costs to cover
- 1.435%
- Break-even
- 12.8 days
Slippage from Gate: live order book, 5 min ago; Kraken Futures: live order book, 45 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 Gate live order book, 5 min ago | 8.53 bp | 29.3 bp −$29 | 70.6 bp −$706 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 45 min ago | 31.31 bp | 36.3 bp −$36 | 132.5 bp −$1,325 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZRO_USDC | +0.0052% | 4h | 1.1708 | +0.068% | $20K | $5K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0072% | 4h | 1.1692 | −0.068% | $1.1M | $249K | 75x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1712 | +0.106% | $158K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1700 | 0.000% | $136K | $178K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1707 | +0.060% | $22.0M | $29.4M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1703 | +0.026% | $17.9M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1707 | +0.060% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDTlong | +0.0100% | 4h | 1.1700 | long leg | $1.3M | $1.5M | 75x | |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1704 | +0.034% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1695 | −0.043% | $2.3M | $2.0M | 50x | as long as short |
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTMShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZROUSDT | +0.0100% | 4h | 1.1699 | −0.009% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1707 | +0.060% | — | $16.6M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1703 | +0.026% | $96K | $221K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1715 | +0.131% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1760 | +0.513% | $39K | $677K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1710 | +0.085% | $99K | $844K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1701 | +0.010% | $21K | — | 3x | as long as short |
| Lighter ZRO | +0.0112% | 1h | 1.1731 | +0.266% | $4.4M | $1.2M | 5x | as long as short |
| dYdX ZRO-USD | +0.0131% | 1h | 1.1699 | −0.009% | $21K | $4K | 5x | as long as short |
| Nado ZRO-PERP | +0.0212% | 1h | 1.1702 | +0.019% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1705 | +0.041% | $3K | — | 100x | as long as short |
| 01 Exchange ZROUSD | +0.0328% | 1h | 1.1700 | +0.003% | $7K | $3K | 5x | as long as short |
| Kraken Futures PF_ZROUSDshort | +0.0463% | 1h | 1.1716 | +0.138% | $256K | $355K | 25x | |
| Hyperliquid ZRO | +0.0521% | 1h | 1.1726 | +0.222% | $37.2M | $5.5M | 5x | as long as short |
| Extended ZRO-USD | +0.1032% | 1h | 1.1708 | +0.069% | $804K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1363% | 1h | 1.1800 | +0.855% | $12K | $261K | 12x | as long as short |
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Lighter ZRO
dYdX ZRO-USD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
01 Exchange ZROUSD
Hyperliquid ZRO
Extended ZRO-USD
Injective ZRO/USDC PERP