Funding you earn now, next payment 01:00 UTC+0.0201%/8h= +22.1% APRpaid last 24h −0.163%
Price spread now: Kraken Futures against Binance+0.105%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1111.110% of the position
Funding, last 7 days+0.159%+$16 on $10k
+Price spread, last 3 days (all we have)−0.262%−$26 · spread now +0.105%, 7d avg +0.089%
=The price spread sits at its 7-day average of +0.089%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZROUSDT | 1.1777 | 0.0100 | pay 0.0050% / 4h | 3h 52m | $22.1M | $30.5M | 75x |
| Short | Kraken Futures PF_ZROUSD | 1.1789 | 0.0301 | get 0.0038% / 1h | 52m 48s | $253K | $409K | 25x |
Binance ZROUSDT
Kraken Futures PF_ZROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $42.31
- Price spread: +0.105% → +0.089%
- $1.55
- Slippage, 4 orders
- −$90.97
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$67.11
- Costs to cover
- 1.110%
- Break-even
- 18.1 days
Slippage from Binance: live order book, 4 min ago; Kraken Futures: live order book, 20 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 Binance live order book, 4 min ago | 0.42 bp | 12.6 bp −$13 | 31.3 bp −$313 | 296.3 bp −$29.6K | doesn't fit |
| Sell Kraken Futures live order book, 20 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni ZROUSDT | −0.0347% | 1h | 1.1790 | +0.110% | $37K | $687K | 50x | as long as short |
| Gate ZRO_USDT | −0.0278% | 4h | 1.1770 | −0.059% | $1.4M | $1.5M | 75x | as long as short |
| 01 Exchange ZROUSD | −0.0208% | 1h | 1.1774 | −0.024% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | +0.0002% | 1h | 1.1782 | +0.044% | $21K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0012% | 4h | 1.1778 | +0.008% | $21K | $7K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0067% | 4h | 1.1771 | −0.051% | $1.1M | $256K | 75x | as long as short |
| Bybit ZROUSDT | +0.0076% | 4h | 1.1771 | −0.051% | $18.0M | $14.3M | 50x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1783 | +0.049% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1784 | +0.057% | $37.3M | $5.9M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1785 | +0.071% | $158K | $149K | 10x | as long as short |
ApeX Omni ZROUSDT
Gate ZRO_USDT
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Bybit ZROUSDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ZRO | +0.0100% | 1h | 1.1776 | −0.008% | $136K | $172K | 5x | as long as short |
| Binance ZROUSDTlong | +0.0100% | 4h | 1.1777 | long leg | $22.1M | $30.5M | 75x | |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1775 | −0.017% | $3.2M | $8.1M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1777 | 0.000% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1773 | −0.034% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1771 | −0.051% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1774 | −0.025% | — | $10.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1797 | +0.173% | $2.3M | $876K | — | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1783 | +0.051% | $91K | $830K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1775 | −0.017% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0206% | 1h | 1.1779 | +0.014% | $1.3M | $123K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1781 | +0.036% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSDshort | +0.0301% | 1h | 1.1789 | +0.105% | $253K | $409K | 25x | |
| Backpack ZRO_USDC_PERP | +0.0489% | 1h | 1.1784 | +0.059% | $98K | $204K | 20x | as long as short |
| Injective ZRO/USDC PERP | +0.1190% | 1h | 1.1830 | +0.450% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1496% | 1h | 1.1774 | −0.023% | $784K | $589K | 10x | as long as short |
Pacifica ZRO
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Backpack ZRO_USDC_PERP
Injective ZRO/USDC PERP
Extended ZRO-USD