Funding you earn now, next payment 02:00 UTC−0.0844%/8h= −92.4% APRpaid last 24h −0.114%
Price spread now: KuCoin against Extended−0.006%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$821as in the Funding arb table
Net, price: spread back to 7d avg − costs−$813as in the Price arb table
costs, in and out, $10k−$8088.084% of the position
Funding, last 7 days−0.130%−$13 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.006%, 7d avg +0.043%
=Together, before fees−0.144%+ Points / potential airdropExtended: Active · farm board−$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and KuCoin is 0.049% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.043%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.130% in total (about -6.8% 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 | Extended ZRO-USD | 1.1652 | 0.0944 | pay 0.0118% / 1h | 38m 24s | $780K | $593K | 10x |
| Short | KuCoin ZROUSDTM | 1.1651 | 0.0100 | get 0.0050% / 4h | 2h 38m | $2.3M | $1.9M | 50x |
Extended ZRO-USD
KuCoin ZROUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Extended. 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
- −$177.24
- Price spread: −0.006% → +0.043%
- −$4.91
- Slippage, 4 orders
- −$791.42
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$990.57
- Costs to cover
- 8.084%
- Break-even
- never at this rate
Slippage from Extended: live order book, 30 min ago; KuCoin: live order book, 3 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 Extended live order book, 30 min ago | 11.35 bp | 685.8 bp −$686 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 12.42 bp | 41.4 bp −$41 | 131.0 bp −$1,310 | 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 | −0.0272% | 1h | 1.1640 | −0.098% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1668 | +0.137% | $21K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0017% | 4h | 1.1657 | +0.045% | $20K | $6K | 10x | as long as short |
| Gate ZRO_USDT | +0.0040% | 4h | 1.1640 | −0.101% | $1.3M | $1.5M | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1680 | +0.245% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1664 | +0.105% | $36.9M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1662 | +0.089% | $156K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1655 | +0.027% | $135K | $168K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1635 | −0.140% | $21.8M | $30.0M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1624 | −0.238% | $17.8M | $14.1M | 50x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Gate ZRO_USDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1647 | −0.041% | $3.2M | $7.9M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1649 | −0.024% | $18.9M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTMshort | +0.0100% | 4h | 1.1651 | −0.006% | $2.3M | $1.9M | 50x | |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1650 | −0.015% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1632 | −0.170% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1666 | +0.122% | $94K | $217K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1655 | +0.025% | $2.3M | $837K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1730 | +0.672% | $39K | $681K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1656 | +0.036% | $91K | $841K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1650 | −0.015% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0132% | 4h | 1.1753 | +0.869% | $1.1M | $253K | 75x | as long as short |
| Nado ZRO-PERP | +0.0228% | 1h | 1.1649 | −0.022% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1641 | −0.089% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0373% | 1h | 1.1672 | +0.173% | $250K | $407K | 25x | as long as short |
| Extended ZRO-USDlong | +0.0944% | 1h | 1.1652 | long leg | $780K | $593K | 10x | |
| Injective ZRO/USDC PERP | +0.1213% | 1h | 1.1680 | +0.242% | $12K | $260K | 12x | as long as short |
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP