Funding you earn now, next payment 00:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.166%
Price spread now: Kraken Futures against KuCoin+0.178%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1711.711% of the position
Funding, last 7 days+0.131%+$13 on $10k
+Price spread, last 3 days (all we have)−0.344%−$34 · spread now +0.178%, 7d avg +0.070%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kraken Futures is 0.108% dearer against KuCoin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.070%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ZROUSDTM | 1.1735 | 0.0100 | pay 0.0050% / 4h | 12m 50s | $2.4M | $1.9M | 50x |
| Short | Kraken Futures PF_ZROUSD | 1.1756 | 0.0133 | get 0.0017% / 1h | 12m 50s | $252K | $421K | 25x |
KuCoin ZROUSDTM
Kraken Futures PF_ZROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- $6.89
- Price spread: +0.178% → +0.070%
- $10.79
- Slippage, 4 orders
- −$149.05
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$153.37
- Costs to cover
- 1.711%
- Break-even
- 162.8 days
Slippage from KuCoin: live order book, 4 min ago; Kraken Futures: live order book, 65 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 KuCoin live order book, 4 min ago | 8.51 bp | 55.7 bp −$56 | 146.2 bp −$1,462 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 65 min ago | 14.38 bp | 40.0 bp −$40 | 137.1 bp −$1,371 | 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 | −0.0200% | 1h | 1.1714 | −0.181% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0012% | 4h | 1.1737 | +0.017% | $21K | $7K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1749 | +0.116% | $4.4M | $1.5M | 5x | as long as short |
| dYdX ZRO-USD | +0.0100% | 1h | 1.1754 | +0.162% | $21K | $2K | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1749 | +0.119% | $37.2M | $6.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1751 | +0.140% | $157K | $153K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1738 | +0.026% | $136K | $175K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1737 | +0.016% | $22.0M | $30.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1733 | −0.017% | $17.9M | $14.4M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1742 | +0.060% | $3.2M | $8.1M | 20x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Lighter ZRO
dYdX ZRO-USD
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 | 1.1730 | −0.043% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1735 | 0.000% | $19.1M | $2.8M | 125x | as long as short |
| KuCoin ZROUSDTMlong | +0.0100% | 4h | 1.1735 | long leg | $2.4M | $1.9M | 50x | |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1745 | +0.085% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1741 | +0.051% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1747 | +0.102% | $97K | $207K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1751 | +0.135% | $2.3M | $879K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1760 | +0.213% | $37K | $687K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1742 | +0.060% | $94K | $823K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1740 | +0.043% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0126% | 4h | 1.1739 | +0.034% | $1.1M | $255K | 75x | as long as short |
| Kraken Futures PF_ZROUSDshort | +0.0133% | 1h | 1.1756 | +0.178% | $252K | $421K | 25x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1742 | +0.063% | $3K | — | 100x | as long as short |
| Nado ZRO-PERP | +0.0320% | 1h | 1.1731 | −0.030% | $1.3M | $124K | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.1159% | 1h | 1.1790 | +0.469% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.2000% | 1h | 1.1737 | +0.014% | $784K | $589K | 10x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
GMX ZRO/USD [ETH-USDC]
Nado ZRO-PERP
Injective ZRO/USDC PERP
Extended ZRO-USD