Funding you earn now, next payment 05:00 UTC+0.0360%/8h= +39.5% APRpaid last 24h −0.075%
Price spread now: Kraken Futures against MEXC+0.354%51s7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1031.034% of the position
Funding, last 7 days+0.176%+$18 on $10k
+Price spread, last 4 days (all we have)−0.609%−$61 · spread now +0.354%, 7d avg +0.092%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Kraken Futures is 0.263% dearer against MEXC than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.092%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.176% in total (about 9.2% 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 | MEXC ZRO_USDT | 1.1730 | 0.0100 | pay 0.0050% / 4h | 3h 42m | $19.2M | $2.7M | 125x |
| Short | Kraken Futures PF_ZROUSD | 1.1772 | 0.0460 | get 0.0058% / 1h | 42m 25s | $259K | $384K | 25x |
MEXC ZRO_USDT
Kraken Futures PF_ZROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against MEXC. 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
- $75.69
- Price spread: +0.354% → +0.092%
- $26.25
- Slippage, 4 orders
- −$93.44
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$1.5
- Costs to cover
- 1.034%
- Break-even
- 7.1 days
Slippage from MEXC: live order book, 1 min ago; Kraken Futures: live order book, 10 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 MEXC live order book, 1 min ago | 0.85 bp | 7.4 bp −$7 | 40.6 bp −$406 | 83.2 bp −$8,324 | 469.4 bp −$234.7K |
| Sell Kraken Futures live order book, 10 min ago | 31.31 bp | 36.3 bp −$36 | 132.5 bp −$1,325 | 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 | +0.0026% | 1h | 1.1740 | +0.084% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0048% | 4h | 1.1752 | +0.188% | $21K | $5K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0089% | 4h | 1.1750 | +0.171% | $1.1M | $250K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1755 | +0.214% | $4.4M | $1.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1751 | +0.182% | $159K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1740 | +0.086% | $136K | $178K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1730 | +0.001% | $22.0M | $29.7M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1727 | −0.026% | $17.9M | $13.9M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1733 | +0.026% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1730 | 0.000% | $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
OKX ZRO-USDT-SWAP
Gate ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDTlong | +0.0100% | 4h | 1.1730 | long leg | $19.2M | $2.7M | 125x | |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1743 | +0.111% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1727 | −0.026% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1727 | −0.026% | — | $16.4M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1770 | +0.340% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1770 | +0.341% | $39K | $675K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1736 | +0.051% | $100K | $850K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1748 | +0.154% | $21K | — | 3x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0124% | 1h | 1.1756 | +0.222% | $98K | $220K | 20x | as long as short |
| Nado ZRO-PERP | +0.0229% | 1h | 1.1736 | +0.051% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1753 | +0.200% | $3K | — | 100x | as long as short |
| 01 Exchange ZROUSD | +0.0312% | 1h | 1.1737 | +0.055% | $7K | $3K | 5x | as long as short |
| Kraken Futures PF_ZROUSDshort | +0.0460% | 1h | 1.1772 | +0.354% | $259K | $384K | 25x | |
| Hyperliquid ZRO | +0.0501% | 1h | 1.1745 | +0.128% | $37.2M | $5.5M | 5x | as long as short |
| Extended ZRO-USD | +0.1056% | 1h | 1.1726 | −0.032% | $784K | $589K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1363% | 1h | 1.1810 | +0.682% | $12K | $261K | 12x | as long as short |
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