Funding you earn now, next payment 06:00 UTC+0.0268%/8h= +29.3% APRnext payment +$0.33 per $10,000 · paid last 24h +0.227%
Price spread now: Extended against Kraken Futures+0.014%7-day average −0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs−$951as in the Funding arb table
Net, price: spread back to 7d avg − costs−$938as in the Price arb table
costs, in and out, $10k−$9529.519% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.014%, 7d avg −0.120%
=Together, before fees+0.061%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Extended is 0.134% dearer against Kraken Futures than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.120%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 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 | Kraken Futures PF_ZROUSD | 1.1610 | 0.0708 | pay 0.0089% / 1h | 36m 30s | $253K | $336K | 25x |
| Short | Extended ZRO-USD | 1.1612 | 0.0976 | get 0.0122% / 1h | 36m 30s | $795K | $625K | 10x |
Kraken Futures PF_ZROUSD
Extended ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $56.18
- Price spread: +0.014% → −0.120%
- $13.42
- Slippage, 4 orders
- −$936.87
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$882.28
- Costs to cover
- 9.519%
- Break-even
- 116.9 days
Slippage from Kraken Futures: live order book, 11 min ago; Extended: live order book, 12 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, 11 min ago | 27.04 bp | 39.9 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 12 min ago | 12.40 bp | 18.7 bp −$19 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack ZRO_USDC_PERP | −0.0074% | 1h | 1.1609 | −0.011% | $93K | $218K | 20x | as long as short |
| dYdX ZRO-USD | +0.0012% | 1h | 1.1609 | −0.014% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0063% | 4h | 1.1598 | −0.106% | $20K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1635 | +0.212% | $4.3M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1615 | +0.040% | $36.8M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1610 | −0.007% | $156K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1615 | +0.044% | $137K | $176K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1610 | −0.007% | $21.7M | $29.5M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1608 | −0.020% | $17.8M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1612 | +0.015% | $3.2M | $7.7M | 20x | as long as short |
Backpack ZRO_USDC_PERP
dYdX ZRO-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1600 | −0.089% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1614 | +0.032% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1602 | −0.072% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1608 | −0.020% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1606 | −0.037% | — | $16.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1575 | −0.302% | $2.2M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1550 | −0.519% | $39K | $678K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1619 | +0.075% | $102K | $817K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1595 | −0.132% | $20K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0145% | 4h | 1.1576 | −0.296% | $1.0M | $247K | 75x | as long as short |
| 01 Exchange ZROUSD | +0.0168% | 1h | 1.1619 | +0.075% | $4K | $5K | 5x | as long as short |
| Nado ZRO-PERP | +0.0172% | 1h | 1.1615 | +0.040% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1600 | −0.091% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSDlong | +0.0708% | 1h | 1.1610 | long leg | $253K | $336K | 25x | |
| Extended ZRO-USDshort | +0.0976% | 1h | 1.1612 | +0.014% | $795K | $625K | 10x | |
| Injective ZRO/USDC PERP | +0.1343% | 1h | 1.1620 | +0.083% | $12K | $260K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
01 Exchange ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP