Funding you earn now, next payment 05:00 UTC+0.0409%/8h= +44.8% APRpaid last 24h −0.040%
Price spread now: Kraken Futures against Orderly+0.030%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.030% dearer against Orderly than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ZRO_USDC | 1.1653 | 0.0056 | pay 0.0028% / 4h | 3h 01m | $20K | $5K | 10x |
| Short | Kraken Futures PF_ZROUSD | 1.1657 | 0.0465 | get 0.0058% / 1h | 1m 02s | $254K | $356K | 25x |
Orderly PERP_ZRO_USDC
Kraken Futures PF_ZROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Orderly. 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
- $85.83
- Price spread: +0.030% → 0.000%
- $3.04
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $72.87
- Costs to cover
- 0.160%
- Break-even
- 1.1 days
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 52 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 52 min ago | 31.31 bp | 36.3 bp −$36 | 132.5 bp −$1,325 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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_USDClong | +0.0056% | 4h | 1.1653 | long leg | $20K | $5K | 10x | |
| BloFin ZRO-USDT | +0.0057% | 4h | 1.1648 | −0.043% | $1.1M | $248K | 75x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1654 | +0.005% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1633 | −0.170% | $135K | $178K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1653 | +0.004% | $21.8M | $29.6M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1641 | −0.103% | $17.8M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1651 | −0.017% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1640 | −0.112% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1655 | +0.017% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1646 | −0.060% | $2.3M | $2.0M | 50x | as long as short |
BloFin ZRO-USDT
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTMShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZROUSDT | +0.0100% | 4h | 1.1646 | −0.060% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1648 | −0.043% | — | $16.6M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1652 | −0.009% | $94K | $219K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1638 | −0.125% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1690 | +0.318% | $39K | $677K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1657 | +0.034% | $99K | $832K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1645 | −0.069% | $21K | — | 3x | as long as short |
| Lighter ZRO | +0.0120% | 1h | 1.1677 | +0.209% | $4.3M | $1.2M | 5x | as long as short |
| dYdX ZRO-USD | +0.0125% | 1h | 1.1633 | −0.170% | $21K | $4K | 5x | as long as short |
| Nado ZRO-PERP | +0.0207% | 1h | 1.1648 | −0.046% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1651 | −0.021% | $3K | — | 100x | as long as short |
| 01 Exchange ZROUSD | +0.0320% | 1h | 1.1658 | +0.043% | $7K | $3K | 5x | as long as short |
| Hyperliquid ZRO | +0.0459% | 1h | 1.1658 | +0.043% | $37.0M | $5.5M | 5x | as long as short |
| Kraken Futures PF_ZROUSDshort | +0.0465% | 1h | 1.1657 | +0.030% | $254K | $356K | 25x | |
| Extended ZRO-USD | +0.1008% | 1h | 1.1659 | +0.055% | $800K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1363% | 1h | 1.1730 | +0.661% | $12K | $261K | 12x | as long as short |
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
Extended ZRO-USD
Injective ZRO/USDC PERP