Funding you earn now, next payment 06:00 UTC−0.0605%/8h= −66.3% APRpaid last 24h +0.065%
Price spread now: Variational Omni against Kraken Futures+0.030%7-day average −0.152% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)+0.149%+$15 · spread now +0.030%, 7d avg −0.152%
=Together, before fees+0.096%+ Points / potential airdropVariational Omni: Active · farm board+$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.182% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.152%): +$18 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 4 days (−0.052% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.052% in total (about -5.4% 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 | 1.1666 | 0.0705 | pay 0.0088% / 1h | 49m 56s | $255K | $355K | 25x |
| Short | Variational Omni ZRO | 1.1669 | 0.0100 | get 0.0050% / 4h | 2h 49m | $2.3M | $809K | — |
Kraken Futures PF_ZROUSD
Variational Omni ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational 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
- −$127.07
- Price spread: +0.030% → −0.152%
- $18.23
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$118.84
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 63 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.
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, 63 min ago | 31.31 bp | 54.0 bp −$54 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 4.47 bp | doesn't fit | 40.3 bp −$403 | 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 | 0.0000% | 1h | 1.1682 | +0.137% | $21K | $4K | 5x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0030% | 1h | 1.1655 | −0.094% | $94K | $219K | 20x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0059% | 4h | 1.1659 | −0.059% | $20K | $4K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0078% | 4h | 1.1666 | +0.001% | $1.1M | $248K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1678 | +0.104% | $4.3M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1661 | −0.042% | $37.0M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1667 | +0.011% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1677 | +0.098% | $137K | $180K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1649 | −0.145% | $21.8M | $29.6M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1647 | −0.162% | $17.9M | $13.7M | 50x | as long as short |
dYdX ZRO-USD
Backpack ZRO_USDC_PERP
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Lighter ZRO
Hyperliquid 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 | 1.1650 | −0.136% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1660 | −0.051% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1648 | −0.154% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1652 | −0.119% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1655 | −0.094% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1650 | −0.136% | — | $16.6M | — | as long as short |
| Variational Omni ZROshort | +0.0100% | 4h | 1.1669 | +0.030% | $2.3M | $809K | — | |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1670 | +0.035% | $39K | $677K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1677 | +0.095% | $99K | $820K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1650 | −0.134% | $21K | — | 3x | as long as short |
| 01 Exchange ZROUSD | +0.0160% | 1h | 1.1679 | +0.112% | $7K | $3K | 5x | as long as short |
| Nado ZRO-PERP | +0.0198% | 1h | 1.1675 | +0.075% | $1.3M | $127K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1664 | −0.012% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSDlong | +0.0705% | 1h | 1.1666 | long leg | $255K | $355K | 25x | |
| Extended ZRO-USD | +0.1008% | 1h | 1.1650 | −0.139% | $800K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1343% | 1h | 1.1730 | +0.549% | $12K | $260K | 12x | as long as short |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
01 Exchange ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP