Funding you earn now, next payment 23:00 UTC−0.0066%/8h= −7.2% APRpaid last 24h +0.058%
Price spread now: Kraken Futures against Gate+0.411%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
The price spread pays, funding is against you. Kraken Futures is 0.411% dearer against Gate than usual: you sell high and buy low (spread +0.411% now, against zero (this spread has no 7-day history yet)): +$41 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 21 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ZRX_USDT | 0.1198 | 0.0100 | pay 0.0100% / 8h | 1h 36m | $147K | $40K | 75x |
| Short | Kraken Futures PF_ZRXUSD | 0.1203 | 0.0034 | get 0.0004% / 1h | 36m 19s | $39K | $4K | 10x |
Gate ZRX_USDT
Kraken Futures PF_ZRXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- −$13.79
- Price spread: +0.411% → 0.000%
- $41.11
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $2.31
- Costs to cover
- 0.250%
- Break-even
- from the start
Slippage unknown: Gate: live order book, 39 min ago; Kraken Futures: no order-book sample. 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 Gate live order book, 39 min ago | 6.70 bp | 166.3 bp −$166 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: 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.
ZRX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZRXUSDT | −0.0134% | 8h | 0.1197 | −0.142% | $1.4M | $342K | 25x | as long as short |
| KuCoin ZRXUSDTM | −0.0078% | 4h | 0.1196 | −0.184% | $332K | $58K | 30x | as long as short |
| Kraken Futures PF_ZRXUSDshort | +0.0034% | 1h | 0.1203 | +0.411% | $39K | $4K | 10x | |
| Variational Omni ZRX | +0.0098% | 8h | 0.1197 | −0.062% | $23K | $41K | — | as long as short |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1196 | −0.184% | $1.8M | $1.2M | 50x | as long as short |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1197 | −0.142% | $534K | $250K | 20x | as long as short |
| Gate ZRX_USDTlong | +0.0100% | 8h | 0.1198 | long leg | $147K | $40K | 75x | |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1197 | −0.100% | $913K | $165K | 50x | as long as short |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1200 | +0.150% | $584K | $127K | 50x | as long as short |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1198 | −0.017% | — | $2.3M | — | as long as short |
Bybit ZRXUSDT
KuCoin ZRXUSDTM
Variational Omni ZRX
Binance ZRXUSDT
OKX ZRX-USDT-SWAP
MEXC ZRX_USDT
Bitget ZRXUSDT
BingX ZRX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ZRX-USDT | +0.0100% | 4h | 0.1201 | +0.234% | $95K | $19K | 50x | as long as short |
BloFin ZRX-USDT