Funding you earn now, next payment 01:00 UTC−0.0202%/8h= −22.1% APRpaid last 24h +0.163%
Price spread now: Bitget against Kraken Futures−0.098%7-day average −0.102% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1201.200% of the position
Funding, last 7 days−0.131%−$13 on $10k
+Price spread, last 3 days (all we have)+0.190%+$19 · spread now −0.098%, 7d avg −0.102%
=The price spread sits at its 7-day average of −0.102%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.131% in total (about -6.8% 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 | Kraken Futures PF_ZROUSD | 1.1763 | 0.0302 | pay 0.0038% / 1h | 40m 08s | $252K | $411K | 25x |
| Short | Bitget ZROUSDT | 1.1752 | 0.0100 | get 0.0050% / 4h | 3h 40m | $2.7M | $2.4M | 75x |
Kraken Futures PF_ZROUSD
Bitget ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$42.45
- Price spread: −0.098% → −0.102%
- $0.45
- Slippage, 4 orders
- −$98.04
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$162.04
- Costs to cover
- 1.200%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 33 min ago; Bitget: live order book, 2 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, 33 min ago | 26.80 bp | 39.5 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 4.25 bp | 19.2 bp −$19 | 36.2 bp −$362 | 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 | −0.0128% | 1h | 1.1753 | −0.085% | $7K | $3K | 5x | as long as short |
| Gate ZRO_USDT | −0.0038% | 4h | 1.1740 | −0.200% | $1.3M | $1.5M | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0012% | 4h | 1.1755 | −0.072% | $21K | $6K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1765 | +0.011% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1767 | +0.030% | $37.3M | $5.9M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1762 | −0.012% | $157K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1754 | −0.081% | $136K | $171K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1758 | −0.047% | $22.1M | $30.4M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1749 | −0.123% | $18.0M | $14.2M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1762 | −0.013% | $3.2M | $8.0M | 20x | as long as short |
01 Exchange ZROUSD
Gate ZRO_USDT
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1762 | −0.013% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1751 | −0.106% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDTshort | +0.0100% | 4h | 1.1752 | −0.098% | $2.7M | $2.4M | 75x | |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1754 | −0.081% | — | $14.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1752 | −0.100% | $2.3M | $869K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1740 | −0.200% | $37K | $688K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1762 | −0.013% | $91K | $830K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1750 | −0.115% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0108% | 4h | 1.1744 | −0.166% | $1.1M | $256K | 75x | as long as short |
| dYdX ZRO-USD | +0.0173% | 1h | 1.1754 | −0.080% | $21K | $3K | 5x | as long as short |
| Nado ZRO-PERP | +0.0248% | 1h | 1.1749 | −0.120% | $1.3M | $129K | 5x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0290% | 1h | 1.1765 | +0.013% | $99K | $205K | 20x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1758 | −0.050% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSDlong | +0.0302% | 1h | 1.1763 | long leg | $252K | $411K | 25x | |
| Injective ZRO/USDC PERP | +0.1190% | 1h | 1.1780 | +0.140% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1344% | 1h | 1.1752 | −0.096% | $780K | $589K | 10x | as long as short |
MEXC ZRO_USDT
KuCoin ZROUSDTM
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
dYdX ZRO-USD
Nado ZRO-PERP
Backpack ZRO_USDC_PERP
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP
Extended ZRO-USD