Funding you earn now, next payment 22:00 UTC+0.0216%/8h= +23.7% APRpaid last 24h −0.159%
Price spread now: Kraken Futures against Variational Omni+0.180%7-day average +0.153% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.040%+$4 on $10k
+Price spread, last 3 days (all we have)−0.521%−$52 · spread now +0.180%, 7d avg +0.153%
=Together, before fees−0.482%+ Points / potential airdropVariational Omni: Active · farm board−$48 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.027% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.153%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.040% in total (about 4.5% 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 | Variational Omni ZRO | 1.1835 | 0.0100 | pay 0.0050% / 4h | 2h 29m | $2.3M | $860K | — |
| Short | Kraken Futures PF_ZROUSD | 1.1857 | 0.0316 | get 0.0040% / 1h | 29m 52s | $251K | $572K | 25x |
Variational Omni ZRO
Kraken Futures PF_ZROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Variational Omni. 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
- $45.41
- Price spread: +0.180% → +0.153%
- $2.73
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $38.14
- Costs to cover
- 0.100%
- Break-even
- 1.1 days
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Kraken Futures: live order book, 58 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 Variational Omni RFQ quote, 4 min ago | 3.59 bp | doesn't fit | 36.7 bp −$367 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 58 min ago | 22.42 bp | 35.8 bp −$36 | 145.1 bp −$1,451 | 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 | −0.0448% | 1h | 1.1827 | −0.067% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0061% | 4h | 1.1846 | +0.089% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0002% | 1h | 1.1856 | +0.173% | $21K | $2K | 5x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0052% | 4h | 1.1842 | +0.055% | $3.2M | $9.0M | 20x | as long as short |
| Bybit ZROUSDT | +0.0058% | 4h | 1.1832 | −0.029% | $18.1M | $15.7M | 50x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1851 | +0.132% | $4.6M | $1.3M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1859 | +0.199% | $37.6M | $6.9M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1856 | +0.171% | $158K | $161K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1846 | +0.086% | $144K | $195K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1841 | +0.049% | $22.4M | $33.7M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
OKX ZRO-USDT-SWAP
Bybit ZROUSDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1840 | +0.038% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1842 | +0.055% | $19.1M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1848 | +0.106% | $2.5M | $1.6M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1842 | +0.055% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1841 | +0.047% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1853 | +0.148% | $93K | $201K | 20x | as long as short |
| Variational Omni ZROlong | +0.0100% | 4h | 1.1835 | long leg | $2.3M | $860K | — | |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1850 | +0.123% | $37K | $682K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1851 | +0.131% | $87K | $990K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1842 | +0.056% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0114% | 4h | 1.1847 | +0.097% | $1.1M | $266K | 75x | as long as short |
| Nado ZRO-PERP | +0.0144% | 1h | 1.1842 | +0.059% | $1.3M | $130K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1859 | +0.196% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSDshort | +0.0316% | 1h | 1.1857 | +0.180% | $251K | $572K | 25x | |
| Extended ZRO-USD | +0.0968% | 1h | 1.1842 | +0.055% | $784K | $560K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1840 | +0.038% | $12K | $175K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP