Funding you earn now, next payment 05:00 UTC−0.0360%/8h= −39.4% APRpaid last 24h +0.035%
Price spread now: OKX against Kraken Futures−0.108%7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1251.255% of the position
Funding, last 7 days−0.237%−$24 on $10k
+Price spread, last 4 days (all we have)+0.383%+$38 · spread now −0.108%, 7d avg −0.110%
=The price spread sits at its 7-day average of −0.110%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.237% in total (about -12.3% 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 | Kraken Futures PF_ZROUSD | 1.1779 | 0.0460 | pay 0.0058% / 1h | 43m 54s | $259K | $384K | 25x |
| Short | OKX ZRO-USDT-SWAP | 1.1766 | 0.0100 | get 0.0050% / 4h | 3h 43m | $3.2M | $7.9M | 20x |
Kraken Futures PF_ZROUSD
OKX ZRO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$75.63
- Price spread: −0.108% → −0.110%
- $0.28
- Slippage, 4 orders
- −$105.47
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$200.82
- Costs to cover
- 1.255%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 9 min ago; OKX: live order book, 4 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, 9 min ago | 31.31 bp | 54.0 bp −$54 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.55 bp | 16.8 bp −$17 | 88.1 bp −$881 | 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 | +0.0029% | 1h | 1.1777 | −0.010% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0047% | 4h | 1.1772 | −0.057% | $21K | $5K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0055% | 4h | 1.1772 | −0.057% | $1.1M | $250K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1790 | +0.100% | $4.4M | $1.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1774 | −0.043% | $159K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1779 | +0.004% | $137K | $178K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1772 | −0.058% | $22.1M | $29.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1763 | −0.133% | $18.0M | $13.9M | 50x | as long as short |
| OKX ZRO-USDT-SWAPshort | +0.0100% | 4h | 1.1766 | −0.108% | $3.2M | $7.9M | 20x | |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1770 | −0.074% | $1.3M | $1.5M | 75x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
Gate ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1772 | −0.057% | $19.3M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1767 | −0.099% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1769 | −0.082% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1769 | −0.082% | — | $16.4M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1770 | −0.074% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1770 | −0.074% | $39K | $675K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1789 | +0.088% | $100K | $850K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1768 | −0.090% | $21K | — | 3x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0123% | 1h | 1.1775 | −0.031% | $98K | $220K | 20x | as long as short |
| Nado ZRO-PERP | +0.0209% | 1h | 1.1781 | +0.020% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1772 | −0.058% | $3K | — | 100x | as long as short |
| 01 Exchange ZROUSD | +0.0304% | 1h | 1.1792 | +0.111% | $7K | $3K | 5x | as long as short |
| Kraken Futures PF_ZROUSDlong | +0.0460% | 1h | 1.1779 | long leg | $259K | $384K | 25x | |
| Hyperliquid ZRO | +0.0509% | 1h | 1.1790 | +0.095% | $37.4M | $5.5M | 5x | as long as short |
| Extended ZRO-USD | +0.1048% | 1h | 1.1771 | −0.061% | $788K | $589K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1363% | 1h | 1.1820 | +0.351% | $12K | $261K | 12x | as long as short |
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Backpack ZRO_USDC_PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
01 Exchange ZROUSD
Hyperliquid ZRO
Extended ZRO-USD
Injective ZRO/USDC PERP