Funding you earn now, next payment 23:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.160%
Price spread now: MEXC against Kraken Futures−0.076%7-day average −0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$920.924% of the position
Funding, last 7 days−0.142%−$14 on $10k
+Price spread, last 3 days (all we have)+0.331%+$33 · spread now −0.076%, 7d avg −0.083%
=The price spread sits at its 7-day average of −0.083%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.142%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZROUSD | 1.1807 | 0.0059 | pay 0.0007% / 1h | 20m 19s | $250K | $516K | 25x |
| Short | MEXC ZRO_USDT | 1.1798 | 0.0100 | get 0.0050% / 4h | 1h 20m | $19.0M | $3.1M | 125x |
Kraken Futures PF_ZROUSD
MEXC ZRO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $8.54
- Price spread: −0.076% → −0.083%
- $0.67
- Slippage, 4 orders
- −$82.41
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$83.2
- Costs to cover
- 0.924%
- Break-even
- 75.2 days
Slippage from Kraken Futures: live order book, 63 min ago; MEXC: 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, 63 min ago | 25.70 bp | 39.7 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.42 bp | 8.4 bp −$8 | 17.8 bp −$178 | 69.2 bp −$6,915 | 266.1 bp −$133.0K |
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 | −0.0504% | 1h | 1.1805 | −0.014% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0034% | 4h | 1.1797 | −0.085% | $21K | $7K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0054% | 4h | 1.1815 | +0.068% | $1.1M | $263K | 75x | as long as short |
| Kraken Futures PF_ZROUSDlong | +0.0059% | 1h | 1.1807 | long leg | $250K | $516K | 25x | |
| Lighter ZRO | +0.0096% | 1h | 1.1799 | −0.070% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1819 | +0.102% | $37.5M | $6.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1811 | +0.030% | $158K | $153K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1804 | −0.029% | $137K | $183K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1799 | −0.070% | $22.1M | $31.7M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1785 | −0.186% | $18.0M | $14.8M | 50x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1801 | −0.051% | $3.2M | $8.5M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1810 | +0.025% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDTshort | +0.0100% | 4h | 1.1798 | −0.076% | $19.0M | $3.1M | 125x | |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1794 | −0.110% | $2.7M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1801 | −0.051% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1799 | −0.068% | — | $10.8M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1809 | +0.017% | $100K | $208K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1785 | −0.190% | $2.3M | $868K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1790 | −0.144% | $37K | $683K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1810 | +0.025% | $88K | $904K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1790 | −0.144% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0130% | 1h | 1.1810 | +0.028% | $21K | $2K | 5x | as long as short |
| Nado ZRO-PERP | +0.0192% | 1h | 1.1806 | −0.006% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1807 | −0.003% | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERP | +0.0980% | 1h | 1.1840 | +0.280% | $12K | $218K | 12x | as long as short |
| Extended ZRO-USD | +0.2488% | 1h | 1.1789 | −0.152% | $780K | $560K | 10x | as long as short |
OKX ZRO-USDT-SWAP
Gate 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
dYdX ZRO-USD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP
Extended ZRO-USD