Funding you earn now, next payment 23:00 UTC−0.0122%/8h= −13.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.181%
Price spread now: Kraken Futures against Nado+0.251%46s7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1021.020% of the position
Funding, last 3 days (all we have)−0.034%−$3 on $10k
+Price spread, last 3 days (all we have)−0.516%−$52 · spread now +0.251%, 7d avg +0.078%
=Together, before fees−0.551%+ Points / potential airdropNado: Active · farm board−$55 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.173% dearer against Nado than usual: you sell high and buy low (spread +0.251% now, against its 7-day average of +0.078%): +$17 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.8 days. At the pace of the last 3 days (−0.034% in total) that is about 16 days. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado ZRO-PERP | 1.1777 | 0.0181 | pay 0.0023% / 1h | 26m 24s | $1.3M | $124K | 5x |
| Short | Kraken Futures PF_ZROUSD | 1.1806 | 0.0059 | get 0.0007% / 1h | 26m 24s | $250K | $517K | 25x |
Nado ZRO-PERP
Kraken Futures PF_ZROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Nado. 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
- −$25.57
- Price spread: +0.251% → +0.078%
- $17.35
- Slippage, 4 orders
- −$85.01
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$110.22
- Costs to cover
- 1.020%
- Break-even
- never at this rate
Slippage from Nado: live order book, 2 min ago; Kraken Futures: live order book, 57 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 Nado live order book, 2 min ago | 1.70 bp | 12.7 bp −$13 | 45.4 bp −$454 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 57 min ago | 25.70 bp | 39.7 bp −$40 | 145.4 bp −$1,454 | 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 | −0.0504% | 1h | 1.1762 | −0.129% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0037% | 4h | 1.1781 | +0.035% | $21K | $7K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0042% | 4h | 1.1784 | +0.061% | $1.1M | $262K | 75x | as long as short |
| Kraken Futures PF_ZROUSDshort | +0.0059% | 1h | 1.1806 | +0.251% | $250K | $517K | 25x | |
| Lighter ZRO | +0.0096% | 1h | 1.1791 | +0.123% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1799 | +0.185% | $37.5M | $6.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1800 | +0.192% | $158K | $153K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1790 | +0.110% | $137K | $183K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1781 | +0.035% | $22.1M | $31.7M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1774 | −0.024% | $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 | 1.1784 | +0.061% | $3.2M | $8.5M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1800 | +0.196% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1782 | +0.044% | $19.0M | $3.1M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1787 | +0.086% | $2.8M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1776 | −0.007% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1785 | +0.069% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1800 | +0.196% | $100K | $208K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1790 | +0.107% | $2.3M | $858K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1820 | +0.366% | $37K | $683K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1789 | +0.103% | $88K | $904K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1792 | +0.133% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0131% | 1h | 1.1804 | +0.234% | $21K | $2K | 5x | as long as short |
| Nado ZRO-PERPlong | +0.0181% | 1h | 1.1777 | long leg | $1.3M | $124K | 5x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1790 | +0.113% | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERP | +0.0980% | 1h | 1.1830 | +0.451% | $12K | $218K | 12x | as long as short |
| Extended ZRO-USD | +0.2488% | 1h | 1.1776 | −0.005% | $780K | $560K | 10x | as long as short |
OKX ZRO-USDT-SWAP
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
dYdX ZRO-USD
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP
Extended ZRO-USD