ZRO

Alert

Funding spread now, next payment 19:00 UTC−0.1354%/8h

next payment, per $10,000−$1.69paid, last 24h−0.136%paid, last 4 days+0.490%to open and close $10k−$143

Long on Injective Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 4 days it paid 0.490% in total (about 47.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.69 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	Injective ZRO/USDC PERP	1.1870	0.1143	pay 0.0143% / 1h	11m 24s	$12K	$124K	12x
Short	Kraken Futures PF_ZROUSD	1.1838	−0.0210	pay 0.0026% / 1h	11m 24s	$259K	$569K	25x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Kraken FuturesbpOrdersRate

Funding earned: −$284.3
Slippage, 4 orders: −$133.44
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$427.76
Break-even: never at this rate

Slippage from Injective: live order book, 54 min ago; Kraken Futures: live order book, 23 min ago.

Price risk

price view

Price gap now: −0.266%
Avg gap 7d: +0.110%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Injective live order book, 54 min ago	30.06 bp	30.1 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 23 min ago	8.88 bp	41.6 bp −$42	136.8 bp −$1,368	doesn't fit	doesn't fit

ZRO on 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
01 Exchange ZROUSD	−0.0472%	1h	$7K	$3K	5x	as long as short
OKX ZRO-USDT-SWAP	−0.0259%	4h	$3.2M	$8.2M	20x	as long as short
Kraken Futures PF_ZROUSDshort	−0.0210%	1h	$259K	$569K	25x
Bybit ZROUSDT	−0.0093%	4h	$18.2M	$17.1M	50x	as long as short
dYdX ZRO-USD	0.0000%	1h	$21K	$2K	5x	as long as short
Orderly PERP_ZRO_USDC	+0.0010%	4h	$21K	$7K	10x	as long as short
Variational Omni ZRO	+0.0054%	4h	$2.2M	$904K	—	as long as short
BloFin ZRO-USDT	+0.0082%	4h	$1.1M	$274K	75x	as long as short
Lighter ZRO	+0.0096%	1h	$4.8M	$1.3M	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	$37.7M	$8.4M	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster ZROUSDT	+0.0100%	4h	$158K	$160K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	$142K	$212K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	$22.4M	$35.5M	75x	as long as short
Gate ZRO_USDT	+0.0100%	4h	$1.4M	$2.2M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	$18.1M	$3.8M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	$2.6M	$1.5M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	$2.7M	$2.7M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	—	$9.1M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	$89K	$202K	20x	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	$37K	$680K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	$79K	$916K	5x	as long as short
Extended ZRO-USD	+0.0104%	1h	$784K	$563K	10x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	$21K	—	3x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0293% / S −0.2341%	1h	$3K	—	100x	as long as short
Nado ZRO-PERP	+0.0332%	1h	$1.3M	$131K	5x	as long as short
Injective ZRO/USDC PERPlong	+0.1143%	1h	$12K	$124K	12x