Funding you earn now, next payment 06:00 UTC+0.0603%/8h= +66.0% APRpaid last 24h −0.027%
Price spread now: Kraken Futures against OKX+0.181%7-day average +0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1251.249% of the position
Funding, last 7 days+0.241%+$24 on $10k
+Price spread, last 4 days (all we have)−0.456%−$46 · spread now +0.181%, 7d avg +0.110%
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Kraken Futures is 0.071% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.110%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.241% in total (about 12.5% 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 | OKX ZRO-USDT-SWAP | 1.1678 | 0.0100 | pay 0.0050% / 4h | 2h 53m | $3.2M | $7.9M | 20x |
| Short | Kraken Futures PF_ZROUSD | 1.1699 | 0.0703 | get 0.0088% / 1h | 53m 03s | $255K | $356K | 25x |
OKX ZRO-USDT-SWAP
Kraken Futures PF_ZROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- $126.65
- Price spread: +0.181% → +0.110%
- $7.08
- Slippage, 4 orders
- −$104.86
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $8.87
- Costs to cover
- 1.249%
- Break-even
- 6.5 days
Slippage from OKX: live order book, 5 min ago; Kraken Futures: live order book, 60 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 OKX live order book, 5 min ago | 1.71 bp | 16.0 bp −$16 | 81.3 bp −$813 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 60 min ago | 31.31 bp | 36.3 bp −$36 | 132.5 bp −$1,325 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack ZRO_USDC_PERP | −0.0096% | 1h | 1.1683 | +0.043% | $94K | $219K | 20x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1648 | −0.257% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0058% | 4h | 1.1684 | +0.051% | $20K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1709 | +0.263% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1697 | +0.163% | $37.1M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1686 | +0.071% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1648 | −0.255% | $137K | $180K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1679 | +0.008% | $21.8M | $29.6M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1676 | −0.017% | $17.9M | $13.7M | 50x | as long as short |
| OKX ZRO-USDT-SWAPlong | +0.0100% | 4h | 1.1678 | long leg | $3.2M | $7.9M | 20x |
Backpack ZRO_USDC_PERP
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1670 | −0.069% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1686 | +0.069% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1669 | −0.077% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1684 | +0.051% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1680 | +0.017% | — | $16.6M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1670 | −0.065% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1690 | +0.103% | $39K | $676K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1652 | −0.223% | $99K | $822K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1672 | −0.052% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0123% | 4h | 1.1650 | −0.240% | $1.1M | $248K | 75x | as long as short |
| 01 Exchange ZROUSD | +0.0152% | 1h | 1.1651 | −0.228% | $7K | $3K | 5x | as long as short |
| Nado ZRO-PERP | +0.0264% | 1h | 1.1648 | −0.261% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1683 | +0.039% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSDshort | +0.0703% | 1h | 1.1699 | +0.181% | $255K | $356K | 25x | |
| Extended ZRO-USD | +0.1032% | 1h | 1.1685 | +0.063% | $800K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1343% | 1h | 1.1690 | +0.103% | $12K | $260K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
01 Exchange ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP