Funding you earn now, next payment 05:00 UTC+0.1263%/8h= +138.3% APRpaid last 24h +0.147%
Price spread now: Injective against KuCoin+0.721%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$1621.616% of the position
Funding, last 7 days−0.181%−$18 on $10k
+Price spread, last 4 days (all we have)−1.526%−$153 · spread now +0.721%, 7d avg −0.014%
=Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and Injective is 0.735% dearer against KuCoin than usual: you sell high and buy low: +$74 more if the spread goes back to its 7-day average of −0.014%. Mind the row above: over the last 7 days funding on this pair cost −0.181%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.181% in total (about -9.5% 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 | KuCoin ZROUSDTM | 1.1646 | 0.0100 | pay 0.0050% / 4h | 3h 00m | $2.3M | $2.0M | 50x |
| Short | Injective ZRO/USDC PERP | 1.1730 | 0.1363 | get 0.0170% / 1h | 0m 29s | $12K | $261K | 12x |
KuCoin ZROUSDTM
Injective ZRO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against KuCoin. 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
- $265.15
- Price spread: +0.721% → −0.014%
- $73.54
- Slippage, 4 orders
- −$149.57
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $177.11
- Costs to cover
- 1.616%
- Break-even
- 2.3 days
Slippage from KuCoin: live order book, 1 min ago; Injective: live order book, 54 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 KuCoin live order book, 1 min ago | 8.59 bp | 53.2 bp −$53 | 151.8 bp −$1,518 | doesn't fit | doesn't fit |
| Sell Injective live order book, 54 min ago | 29.65 bp | 40.0 bp −$40 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZRO_USDC | +0.0056% | 4h | 1.1653 | +0.060% | $20K | $5K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0057% | 4h | 1.1648 | +0.017% | $1.1M | $248K | 75x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1658 | +0.099% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1650 | +0.035% | $136K | $178K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1656 | +0.086% | $21.8M | $29.6M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1653 | +0.060% | $17.8M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1651 | +0.043% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1640 | −0.052% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1656 | +0.086% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTMlong | +0.0100% | 4h | 1.1646 | long leg | $2.3M | $2.0M | 50x |
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZROUSDT | +0.0100% | 4h | 1.1652 | +0.052% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1650 | +0.034% | — | $16.6M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1652 | +0.052% | $94K | $219K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1638 | −0.065% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1690 | +0.378% | $39K | $677K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1665 | +0.163% | $99K | $831K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1645 | −0.009% | $21K | — | 3x | as long as short |
| Lighter ZRO | +0.0120% | 1h | 1.1674 | +0.236% | $4.3M | $1.2M | 5x | as long as short |
| dYdX ZRO-USD | +0.0123% | 1h | 1.1649 | +0.025% | $21K | $4K | 5x | as long as short |
| Nado ZRO-PERP | +0.0203% | 1h | 1.1661 | +0.125% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1651 | +0.039% | $3K | — | 100x | as long as short |
| 01 Exchange ZROUSD | +0.0320% | 1h | 1.1666 | +0.169% | $7K | $3K | 5x | as long as short |
| Hyperliquid ZRO | +0.0452% | 1h | 1.1665 | +0.163% | $37.0M | $5.5M | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0465% | 1h | 1.1657 | +0.091% | $254K | $356K | 25x | as long as short |
| Extended ZRO-USD | +0.1008% | 1h | 1.1653 | +0.061% | $800K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERPshort | +0.1363% | 1h | 1.1730 | +0.721% | $12K | $261K | 12x |
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Lighter ZRO
dYdX ZRO-USD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
01 Exchange ZROUSD
Hyperliquid ZRO
Kraken Futures PF_ZROUSD
Extended ZRO-USD