Funding you earn now, next payment 00:00 UTC−0.0069%/8h= −7.6% APRpaid last 24h +0.177%
Price spread now: BloFin against Kraken Futures+0.064%117s7-day average −0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1101.100% of the position
Funding, last 7 days−0.130%−$13 on $10k
+Price spread, last 3 days (all we have)−0.055%−$6 · spread now +0.064%, 7d avg −0.097%
=The price spread pays, funding is against you. BloFin is 0.161% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of −0.097%): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.7 days. The two prices were read 117 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZROUSD | 1.1830 | 0.0132 | pay 0.0016% / 1h | 43m 19s | $254K | $434K | 25x |
| Short | BloFin ZRO-USDT | 1.1838 | 0.0063 | get 0.0031% / 4h | 43m 19s | $1.1M | $258K | 75x |
Kraken Futures PF_ZROUSD
BloFin ZRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$14.54
- Price spread: +0.064% → −0.097%
- $16.08
- Slippage, 4 orders
- −$88.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$108.48
- Costs to cover
- 1.100%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 35 min ago; BloFin: live order book, 4 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, 35 min ago | 14.38 bp | 34.7 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 1.69 bp | 15.7 bp −$16 | 32.8 bp −$328 | 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 | −0.0176% | 1h | 1.1820 | −0.088% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0007% | 4h | 1.1821 | −0.080% | $21K | $7K | 10x | as long as short |
| BloFin ZRO-USDTshort | +0.0063% | 4h | 1.1838 | +0.064% | $1.1M | $258K | 75x | |
| Lighter ZRO | +0.0096% | 1h | 1.1835 | +0.039% | $4.4M | $1.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1832 | +0.017% | $158K | $154K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1826 | −0.040% | $137K | $177K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1819 | −0.096% | $22.2M | $31.2M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1824 | −0.054% | $18.1M | $14.7M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1824 | −0.054% | $3.2M | $8.3M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1820 | −0.088% | $1.3M | $1.8M | 75x | 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_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1819 | −0.097% | $19.2M | $2.8M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1831 | +0.005% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1824 | −0.054% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1822 | −0.071% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1836 | +0.047% | $100K | $207K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1836 | +0.047% | $2.3M | $865K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1840 | +0.081% | $37K | $688K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1832 | +0.013% | $89K | $816K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1820 | −0.086% | $21K | — | 3x | as long as short |
| Hyperliquid ZRO | +0.0106% | 1h | 1.1833 | +0.025% | $37.6M | $6.2M | 5x | as long as short |
| dYdX ZRO-USD | +0.0125% | 1h | 1.1835 | +0.038% | $21K | $2K | 5x | as long as short |
| Kraken Futures PF_ZROUSDlong | +0.0132% | 1h | 1.1830 | long leg | $254K | $434K | 25x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1823 | −0.065% | $3K | — | 100x | as long as short |
| Nado ZRO-PERP | +0.0379% | 1h | 1.1830 | −0.003% | $1.3M | $125K | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.1159% | 1h | 1.1880 | +0.419% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1880% | 1h | 1.1811 | −0.166% | $786K | $608K | 10x | as long as short |
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
Hyperliquid ZRO
dYdX ZRO-USD
GMX ZRO/USD [ETH-USDC]
Nado ZRO-PERP
Injective ZRO/USDC PERP
Extended ZRO-USD