ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0362%/8h= +39.7% APRnext payment +$0.45 per $10,000 · paid last 24h −0.054%

Price spread now: Kraken Futures against dYdX−0.099%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 6 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

Funding pays, the price is against you. Kraken Futures is 0.099% cheaper against dYdX than usual: you would sell low and buy high (spread −0.099% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 22 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ZRO-USD	1.1787	0.0098	pay 0.0012% / 1h	17m 50s	$21K	$4K	5x
Short	Kraken Futures PF_ZROUSD	1.1775	0.0460	get 0.0058% / 1h	17m 50s	$257K	$362K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee Kraken FuturesbpOrdersPrice spread, now −0.099%Rate

Funding earned: $76.08
Price spread: −0.099% → 0.000%: −$9.89
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $46.18
Costs to cover: 0.200%
Break-even: 2.8 days

Slippage unknown: dYdX: no order-book sample; Kraken Futures: live order book, 35 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 dYdX no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 35 min ago	31.31 bp	36.3 bp −$36	132.5 bp −$1,325	doesn't fit	doesn't fit

dYdX: 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_USDC	+0.0050%	4h	1.1762	−0.211%	$21K	$5K	10x	as long as short
BloFin ZRO-USDT	+0.0091%	4h	1.1762	−0.211%	$1.1M	$250K	75x	as long as short
dYdX ZRO-USDlong	+0.0098%	1h	1.1787	long leg	$21K	$4K	5x
Aster ZROUSDT	+0.0100%	4h	1.1788	+0.012%	$159K	$150K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1760	−0.231%	$136K	$178K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1784	−0.028%	$22.1M	$29.6M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1776	−0.092%	$18.0M	$13.7M	50x	as long as short
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1779	−0.067%	$3.2M	$7.9M	20x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1760	−0.228%	$1.3M	$1.5M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1767	−0.169%	$19.3M	$2.7M	125x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZROUSDTM	+0.0100%	4h	1.1764	−0.194%	$2.4M	$2.0M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1774	−0.109%	$2.7M	$2.5M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1765	−0.186%	—	$16.4M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1765	−0.186%	$98K	$221K	20x	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1745	−0.352%	$2.3M	$809K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1760	−0.228%	$39K	$676K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1769	−0.152%	$100K	$850K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1759	−0.233%	$21K	—	3x	as long as short
Lighter ZRO	+0.0120%	1h	1.1808	+0.176%	$4.4M	$1.2M	5x	as long as short
Nado ZRO-PERP	+0.0211%	1h	1.1762	−0.207%	$1.3M	$124K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0293% / S −0.2341%	1h	1.1763	−0.207%	$3K	—	100x	as long as short
01 Exchange ZROUSD	+0.0344%	1h	1.1775	−0.104%	$7K	$3K	5x	as long as short
Kraken Futures PF_ZROUSDshort	+0.0460%	1h	1.1775	−0.099%	$257K	$362K	25x
Hyperliquid ZRO	+0.0596%	1h	1.1797	+0.086%	$37.5M	$5.5M	5x	as long as short
Extended ZRO-USD	+0.1088%	1h	1.1766	−0.173%	$804K	$625K	10x	as long as short
Injective ZRO/USDC PERP	+0.1363%	1h	1.1770	−0.143%	$12K	$261K	12x	as long as short