Funding you earn now, next payment 04:00 UTC−0.0283%/8h= −31.0% APRnext payment −$0.35 per $10,000 · paid last 24h +0.090%
Price spread now: ApeX Omni against Kraken Futures−0.186%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1431.426% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 4 days (all we have)+0.654%+$65 · spread now −0.186%, 7d avg −0.070%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and ApeX Omni is 0.116% cheaper against Kraken Futures than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.070%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.144% in total (about -7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.35 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 | Kraken Futures PF_ZROUSD | 1.1612 | 0.0383 | pay 0.0048% / 1h | 35m 19s | $255K | $404K | 25x |
| Short | ApeX Omni ZROUSDT | 1.1590 | 0.0100 | get 0.0013% / 1h | 35m 19s | $39K | $672K | 50x |
Kraken Futures PF_ZROUSD
ApeX Omni ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Kraken Futures. 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
- −$59.5
- Price spread: −0.186% → −0.070%
- −$11.56
- Slippage, 4 orders
- −$122.55
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$213.62
- Costs to cover
- 1.426%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 22 min ago; ApeX Omni: live order book, 23 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 Kraken Futures live order book, 22 min ago | 38.25 bp | 55.0 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 23 min ago | 12.89 bp | 22.1 bp −$22 | 127.8 bp −$1,278 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0009% | 1h | 1.1609 | −0.024% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0036% | 4h | 1.1608 | −0.031% | $20K | $5K | 10x | as long as short |
| 01 Exchange ZROUSD | +0.0040% | 1h | 1.1616 | +0.040% | $7K | $3K | 5x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0059% | 1h | 1.1589 | −0.194% | $96K | $219K | 20x | as long as short |
| BloFin ZRO-USDT | +0.0063% | 4h | 1.1590 | −0.186% | $1.0M | $246K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1620 | +0.072% | $4.3M | $1.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1608 | −0.031% | $156K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1609 | −0.025% | $135K | $178K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1608 | −0.031% | $21.7M | $29.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1599 | −0.108% | $17.7M | $13.9M | 50x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
01 Exchange ZROUSD
Backpack ZRO_USDC_PERP
BloFin ZRO-USDT
Lighter 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 | 1.1611 | −0.005% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1600 | −0.099% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1609 | −0.022% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1596 | −0.134% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1605 | −0.056% | $2.6M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1600 | −0.099% | — | $16.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1568 | −0.371% | $2.2M | $811K | — | as long as short |
| ApeX Omni ZROUSDTshort | +0.0100% | 1h | 1.1590 | −0.186% | $39K | $672K | 50x | |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1615 | +0.030% | $95K | $855K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1598 | −0.117% | $20K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0180% | 1h | 1.1609 | −0.021% | $1.3M | $125K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1607 | −0.038% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSDlong | +0.0383% | 1h | 1.1612 | long leg | $255K | $404K | 25x | |
| Hyperliquid ZRO | +0.0396% | 1h | 1.1625 | +0.116% | $36.8M | $5.5M | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.1186% | 1h | 1.1640 | +0.245% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1224% | 1h | 1.1605 | −0.053% | $776K | $590K | 10x | as long as short |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
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]
Hyperliquid ZRO
Injective ZRO/USDC PERP
Extended ZRO-USD