Funding you earn now, next payment 00:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h +0.166%
Price spread now: BingX against Kraken Futures−0.234%7-day average −0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$910.909% of the position
Funding, last 7 days−0.123%−$12 on $10k
+Price spread, last 3 days (all we have)+0.370%+$37 · spread now −0.234%, 7d avg −0.105%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.129% cheaper against Kraken Futures than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.105%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZROUSD | 1.1885 | 0.0131 | pay 0.0016% / 1h | 50m 27s | $255K | $434K | 25x |
| Short | BingX ZRO-USDT | 1.1857 | 0.0100 | get 0.0050% / 4h | 50m 27s | — | $10.7M | — |
Kraken Futures PF_ZROUSD
BingX ZRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. 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
- −$6.59
- Price spread: −0.234% → −0.105%
- −$12.85
- Slippage, 4 orders
- −$70.88
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$110.32
- Costs to cover
- 0.909%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 27 min ago; BingX: 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 Kraken Futures live order book, 27 min ago | 14.38 bp | 34.7 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 2.11 bp | 8.1 bp −$8 | 12.1 bp −$121 | 21.0 bp −$2,101 | 43.5 bp −$21.8K |
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 | −0.0168% | 1h | 1.1854 | −0.262% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0015% | 4h | 1.1860 | −0.209% | $21K | $7K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1873 | −0.099% | $4.4M | $1.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1866 | −0.162% | $159K | $154K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1864 | −0.175% | $138K | $181K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1862 | −0.189% | $22.2M | $31.2M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1858 | −0.226% | $18.1M | $14.7M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1860 | −0.209% | $3.2M | $8.3M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1850 | −0.293% | $1.4M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1869 | −0.133% | $19.2M | $2.7M | 125x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1863 | −0.183% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1860 | −0.209% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDTshort | +0.0100% | 4h | 1.1857 | −0.234% | — | $10.7M | — | |
| Variational Omni ZRO | +0.0100% | 4h | 1.1854 | −0.256% | $2.3M | $850K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1850 | −0.293% | $37K | $687K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1862 | −0.192% | $89K | $815K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1859 | −0.221% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0130% | 1h | 1.1845 | −0.331% | $21K | $2K | 5x | as long as short |
| Kraken Futures PF_ZROUSDlong | +0.0131% | 1h | 1.1885 | long leg | $255K | $434K | 25x | |
| BloFin ZRO-USDT | +0.0158% | 4h | 1.1859 | −0.217% | $1.1M | $258K | 75x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0165% | 1h | 1.1873 | −0.099% | $101K | $207K | 20x | as long as short |
| Hyperliquid ZRO | +0.0203% | 1h | 1.1866 | −0.158% | $37.7M | $6.2M | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1863 | −0.180% | $3K | — | 100x | as long as short |
| Nado ZRO-PERP | +0.0315% | 1h | 1.1858 | −0.223% | $1.3M | $125K | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.1159% | 1h | 1.1900 | +0.128% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.2016% | 1h | 1.1862 | −0.194% | $784K | $558K | 10x | as long as short |
KuCoin ZROUSDTM
Bitget ZROUSDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
dYdX ZRO-USD
BloFin ZRO-USDT
Backpack ZRO_USDC_PERP
Hyperliquid ZRO
GMX ZRO/USD [ETH-USDC]
Nado ZRO-PERP
Injective ZRO/USDC PERP
Extended ZRO-USD