Funding you earn now, next payment 04:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h +0.091%
Price spread now: Gate against Kraken Futures−0.118%7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1571.574% of the position
Funding, last 7 days−0.166%−$17 on $10k
+Price spread, last 4 days (all we have)+0.542%+$54 · spread now −0.118%, 7d avg −0.092%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.026% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.092%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.166% in total (about -8.6% 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 | 1.1604 | 0.0384 | pay 0.0048% / 1h | 50m 01s | $255K | $404K | 25x |
| Short | Gate ZRO_USDT | 1.1590 | 0.0100 | get 0.0050% / 4h | 50m 01s | $1.3M | $1.5M | 75x |
Kraken Futures PF_ZROUSD
Gate ZRO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$59.55
- Price spread: −0.118% → −0.092%
- −$2.63
- Slippage, 4 orders
- −$132.38
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$219.56
- Costs to cover
- 1.574%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 8 min ago; Gate: 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, 8 min ago | 38.25 bp | 55.0 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 8.61 bp | 35.0 bp −$35 | 79.8 bp −$798 | 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 | −0.0048% | 1h | 1.1590 | −0.121% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | +0.0005% | 1h | 1.1598 | −0.049% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0037% | 4h | 1.1586 | −0.152% | $20K | $5K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0047% | 4h | 1.1601 | −0.023% | $1.1M | $247K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1612 | +0.076% | $4.3M | $1.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1602 | −0.016% | $156K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1601 | −0.022% | $135K | $177K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1588 | −0.132% | $21.7M | $29.7M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1581 | −0.196% | $17.6M | $13.9M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1593 | −0.092% | $3.2M | $7.8M | 20x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Lighter 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_USDTshort | +0.0100% | 4h | 1.1590 | −0.118% | $1.3M | $1.5M | 75x | |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1590 | −0.118% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1582 | −0.187% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1579 | −0.213% | $2.6M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1587 | −0.144% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1596 | −0.066% | $97K | $196K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1590 | −0.118% | $2.2M | $810K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1650 | +0.399% | $39K | $673K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1598 | −0.049% | $98K | $844K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1585 | −0.157% | $20K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0205% | 1h | 1.1591 | −0.107% | $1.3M | $125K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1592 | −0.099% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSDlong | +0.0384% | 1h | 1.1604 | long leg | $255K | $404K | 25x | |
| Hyperliquid ZRO | +0.0469% | 1h | 1.1609 | +0.050% | $36.8M | $5.4M | 5x | as long as short |
| Extended ZRO-USD | +0.1080% | 1h | 1.1585 | −0.161% | $776K | $590K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1186% | 1h | 1.1670 | +0.571% | $12K | $260K | 12x | 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
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Hyperliquid ZRO
Extended ZRO-USD
Injective ZRO/USDC PERP