Funding you earn now, next payment 01:00 UTC+0.0200%/8h= +21.9% APRnext payment +$0.25 per $10,000 · paid last 24h −0.163%
Price spread now: Kraken Futures against ApeX Omni+0.372%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1281.284% of the position
Funding, last 7 days+0.131%+$13 on $10k
+Price spread, last 3 days (all we have)−0.439%−$44 · spread now +0.372%, 7d avg +0.077%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.295% dearer against ApeX Omni than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.077%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.131% in total (about 6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 per $10,000. 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 | ApeX Omni ZROUSDT | 1.1800 | 0.0100 | pay 0.0013% / 1h | 25m 04s | $37K | $688K | 50x |
| Short | Kraken Futures PF_ZROUSD | 1.1844 | 0.0300 | get 0.0038% / 1h | 25m 04s | $254K | $410K | 25x |
ApeX Omni ZROUSDT
Kraken Futures PF_ZROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against ApeX 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
- $42.02
- Price spread: +0.372% → +0.077%
- $29.52
- Slippage, 4 orders
- −$108.36
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$56.82
- Costs to cover
- 1.284%
- Break-even
- 16.5 days
Slippage from ApeX Omni: live order book, 48 min ago; Kraken Futures: live order book, 48 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 ApeX Omni live order book, 48 min ago | 12.78 bp | 24.6 bp −$25 | 132.5 bp −$1,325 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 48 min ago | 26.80 bp | 42.6 bp −$43 | 133.8 bp −$1,338 | 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 | −0.0072% | 1h | 1.1823 | +0.198% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0012% | 4h | 1.1828 | +0.237% | $21K | $6K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0093% | 4h | 1.1830 | +0.254% | $1.1M | $255K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1839 | +0.333% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1841 | +0.347% | $37.5M | $5.8M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1837 | +0.311% | $158K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1828 | +0.240% | $137K | $170K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1827 | +0.227% | $22.2M | $30.2M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1825 | +0.212% | $18.1M | $14.1M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1835 | +0.297% | $3.2M | $8.1M | 20x | 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 ZROUSDT
OKX ZRO-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1820 | +0.169% | $1.4M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1830 | +0.254% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1820 | +0.169% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1826 | +0.220% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1828 | +0.237% | — | $14.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1824 | +0.200% | $2.3M | $854K | — | as long as short |
| ApeX Omni ZROUSDTlong | +0.0100% | 1h | 1.1800 | long leg | $37K | $688K | 50x | |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1828 | +0.237% | $92K | $828K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1825 | +0.212% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0246% | 1h | 1.1824 | +0.203% | $21K | $3K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1825 | +0.214% | $3K | — | 100x | as long as short |
| Nado ZRO-PERP | +0.0295% | 1h | 1.1822 | +0.188% | $1.3M | $129K | 5x | as long as short |
| Kraken Futures PF_ZROUSDshort | +0.0300% | 1h | 1.1844 | +0.372% | $254K | $410K | 25x | |
| Backpack ZRO_USDC_PERP | +0.0400% | 1h | 1.1835 | +0.297% | $100K | $204K | 20x | as long as short |
| Injective ZRO/USDC PERP | +0.1190% | 1h | 1.1870 | +0.593% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1352% | 1h | 1.1830 | +0.253% | $788K | $589K | 10x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
dYdX ZRO-USD
GMX ZRO/USD [ETH-USDC]
Nado ZRO-PERP
Backpack ZRO_USDC_PERP
Injective ZRO/USDC PERP
Extended ZRO-USD