ZRO

Alert

Funding spread now, next payment 16:00 UTC+0.0390%/8h

paid, last 24h+0.054%paid, last 5 days−0.279%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZROUSD	1.2000	−0.0488	get 0.0061% / 1h	37m 06s	$266K	$575K	25x
Short	Orderly PERP_ZRO_USDC	1.1998	−0.0098	pay 0.0049% / 4h	37m 06s	$21K	$7K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee OrderlybpOrdersRate

Funding earned: $81.97
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $65.97
Break-even: 1.4 days

Slippage unknown: Kraken Futures: live order book, 12 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.015%
Avg gap 7d: —

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 Kraken Futures live order book, 12 min ago	18.85 bp	32.0 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZRO on 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_ZROUSDlong	−0.0488%	1h	$266K	$575K	25x
01 Exchange ZROUSD	−0.0320%	1h	$7K	$3K	5x	as long as short
Orderly PERP_ZRO_USDCshort	−0.0098%	4h	$21K	$7K	10x
OKX ZRO-USDT-SWAP	−0.0008%	4h	$3.3M	$8.2M	20x	as long as short
dYdX ZRO-USD	+0.0001%	1h	$22K	$870	5x	as long as short
Lighter ZRO	+0.0096%	1h	$4.8M	$1.3M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	$136K	$105K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	$146K	$220K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	$23.0M	$34.2M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	$18.5M	$17.3M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate ZRO_USDT	+0.0100%	4h	$1.4M	$2.2M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	$17.9M	$3.8M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	$2.5M	$1.3M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	$2.8M	$2.9M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	—	$8.6M	—	as long as short
Variational Omni ZRO	+0.0100%	4h	$2.4M	$811K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	$38K	$678K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	$86K	$835K	5x	as long as short
Extended ZRO-USD	+0.0104%	1h	$800K	$474K	10x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	$21K	—	3x	as long as short
Backpack ZRO_USDC_PERP	+0.0125%	1h	$90K	$188K	20x	as long as short
BloFin ZRO-USDT	+0.0151%	4h	$1.1M	$284K	75x	as long as short
Hyperliquid ZRO	+0.0156%	1h	$39.6M	$7.3M	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0285% / S −0.2124%	1h	$3K	—	100x	as long as short
Nado ZRO-PERP	+0.0370%	1h	$1.3M	$118K	5x	as long as short
Injective ZRO/USDC PERP	+0.1142%	1h	$13K	$173K	12x	as long as short