Funding you earn now, next payment 22:00 UTC−0.0145%/8h= −15.8% APRnext payment −$0.18 per $10,000 · paid last 24h +0.179%
Price spread now: Nado against Kraken Futures−0.210%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1011.011% of the position
Funding, last 3 days (all we have)+0.036%+$4 on $10k
+Price spread, last 3 days (all we have)+0.634%+$63 · spread now −0.210%, 7d avg −0.079%
=Together, before fees+0.670%+ Points / potential airdropNado: Active · farm board+$67 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Nado is 0.131% cheaper against Kraken Futures than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.079%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZROUSD | 1.1831 | 0.0317 | pay 0.0040% / 1h | 9m 01s | $251K | $569K | 25x |
| Short | Nado ZRO-PERP | 1.1806 | 0.0172 | get 0.0022% / 1h | 9m 01s | $1.3M | $130K | 5x |
Kraken Futures PF_ZROUSD
Nado ZRO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$30.39
- Price spread: −0.210% → −0.079%
- −$13.1
- Slippage, 4 orders
- −$84.11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$144.6
- Costs to cover
- 1.011%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 14 min ago; Nado: live order book, 5 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, 14 min ago | 25.70 bp | 39.7 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 5 min ago | 2.54 bp | 10.1 bp −$10 | 27.3 bp −$273 | 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 | −0.0432% | 1h | 1.1790 | −0.340% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0050% | 4h | 1.1817 | −0.116% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0044% | 1h | 1.1790 | −0.345% | $21K | $2K | 5x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1816 | −0.128% | $4.5M | $1.4M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1828 | −0.023% | $37.5M | $6.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1817 | −0.115% | $158K | $160K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1798 | −0.279% | $138K | $191K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1816 | −0.127% | $22.3M | $32.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1811 | −0.167% | $18.1M | $15.5M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1820 | −0.091% | $3.2M | $8.9M | 20x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
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 | 1.1820 | −0.091% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1816 | −0.124% | $19.1M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1816 | −0.124% | $2.9M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1815 | −0.133% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1814 | −0.141% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1821 | −0.082% | $95K | $206K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1777 | −0.452% | $2.2M | $861K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1790 | −0.344% | $37K | $681K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1823 | −0.065% | $88K | $913K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1820 | −0.091% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0106% | 4h | 1.1777 | −0.454% | $1.1M | $264K | 75x | as long as short |
| Nado ZRO-PERPshort | +0.0172% | 1h | 1.1806 | −0.210% | $1.3M | $130K | 5x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1824 | −0.061% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSDlong | +0.0317% | 1h | 1.1831 | long leg | $251K | $569K | 25x | |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1830 | −0.006% | $12K | $175K | 12x | as long as short |
| Extended ZRO-USD | +0.2128% | 1h | 1.1813 | −0.148% | $784K | $539K | 10x | as long as short |
Gate ZRO_USDT
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
BloFin ZRO-USDT
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP
Extended ZRO-USD