Funding you earn now, next payment 07:00 UTC−0.0229%/8h= −25.0% APRnext payment −$0.29 per $10,000 · paid last 24h +0.087%
Price spread now: Nado against Kraken Futures−0.095%7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1031.030% of the position
Funding, last 3 days (all we have)+0.023%+$2 on $10k
+Price spread, last 4 days (all we have)+0.194%+$19 · spread now −0.095%, 7d avg −0.082%
=Together, before fees+0.217%+ Points / potential airdropNado: Active · farm board+$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.082%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.023% in total (about 2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.29 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 | 1.1711 | 0.0514 | pay 0.0064% / 1h | 25m 46s | $254K | $298K | 25x |
| Short | Nado ZRO-PERP | 1.1700 | 0.0285 | get 0.0036% / 1h | 25m 46s | $1.3M | $127K | 5x |
Kraken Futures PF_ZROUSD
Nado ZRO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$48.03
- Price spread: −0.095% → −0.082%
- −$1.33
- Slippage, 4 orders
- −$85.97
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$152.34
- Costs to cover
- 1.030%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 17 min ago; Nado: 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 Kraken Futures live order book, 17 min ago | 31.62 bp | 37.4 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 3 min ago | 1.29 bp | 11.3 bp −$11 | 28.8 bp −$288 | 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 | +0.0008% | 1h | 1.1719 | +0.067% | $4K | $5K | 5x | as long as short |
| dYdX ZRO-USD | +0.0042% | 1h | 1.1698 | −0.110% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0094% | 4h | 1.1691 | −0.169% | $20K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1715 | +0.035% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1696 | −0.126% | $37.1M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1691 | −0.170% | $158K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1691 | −0.171% | $137K | $172K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1692 | −0.161% | $21.8M | $29.1M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1696 | −0.126% | $17.9M | $13.4M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1694 | −0.143% | $3.2M | $7.7M | 20x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1690 | −0.177% | $1.3M | $1.4M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1684 | −0.228% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1691 | −0.169% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1689 | −0.186% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1700 | −0.092% | — | $16.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1689 | −0.182% | $2.3M | $798K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1670 | −0.348% | $39K | $670K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1712 | +0.011% | $99K | $817K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1700 | −0.092% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0110% | 4h | 1.1677 | −0.288% | $1.0M | $202K | 75x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0149% | 1h | 1.1708 | −0.023% | $95K | $220K | 20x | as long as short |
| Nado ZRO-PERPshort | +0.0285% | 1h | 1.1700 | −0.095% | $1.3M | $127K | 5x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1674 | −0.311% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSDlong | +0.0514% | 1h | 1.1711 | long leg | $254K | $298K | 25x | |
| Extended ZRO-USD | +0.0672% | 1h | 1.1697 | −0.119% | $799K | $626K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1317% | 1h | 1.1710 | −0.006% | $12K | $261K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Backpack ZRO_USDC_PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP