ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.166%

Price spread now: Kraken Futures against ApeX Omni−0.167%7-day average +0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1231.226% of the position

Long on ApeX Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 3 days (all we have)+0.046%+$5 · spread now −0.167%, 7d avg +0.075%

Together, before fees+0.169%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.242% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.167% now, against its 7-day average of +0.075%). If the spread goes back, that is −$24 on $10k: about 25 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZROUSDT	1.1840	0.0100	pay 0.0013% / 1h	40m 56s	$37K	$688K	50x
Short	Kraken Futures PF_ZROUSD	1.1820	0.0132	get 0.0017% / 1h	40m 56s	$253K	$434K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.167%Rate

Funding earned: $6.74
Price spread: −0.167% → +0.075%: −$24.25
Slippage, 4 orders: −$102.56
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$140.07
Costs to cover: 1.226%
Break-even: 152.5 days

Slippage from ApeX Omni: live order book, 37 min ago; Kraken Futures: live order book, 37 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 ApeX Omni live order book, 37 min ago	12.71 bp	23.9 bp −$24	133.6 bp −$1,336	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 37 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	−0.0176%	1h	1.1803	−0.310%	$7K	$3K	5x	as long as short
Orderly PERP_ZRO_USDC	−0.0004%	4h	1.1810	−0.253%	$21K	$7K	10x	as long as short
BloFin ZRO-USDT	+0.0049%	4h	1.1807	−0.279%	$1.1M	$257K	75x	as long as short
Lighter ZRO	+0.0096%	1h	1.1811	−0.247%	$4.4M	$1.5M	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	1.1814	−0.220%	$37.5M	$6.2M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1814	−0.221%	$158K	$153K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1804	−0.304%	$137K	$177K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1803	−0.314%	$22.1M	$31.2M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1799	−0.346%	$18.0M	$14.7M	50x	as long as short
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1808	−0.270%	$3.2M	$8.3M	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ZRO_USDT	+0.0100%	4h	1.1800	−0.338%	$1.3M	$1.8M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1813	−0.228%	$19.2M	$2.8M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1816	−0.203%	$2.4M	$1.9M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1798	−0.355%	$2.7M	$2.4M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1803	−0.313%	—	$10.7M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1813	−0.228%	$100K	$207K	20x	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1836	−0.034%	$2.3M	$865K	—	as long as short
ApeX Omni ZROUSDTlong	+0.0100%	1h	1.1840	long leg	$37K	$688K	50x
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1820	−0.169%	$89K	$816K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1809	−0.265%	$21K	—	3x	as long as short
dYdX ZRO-USD	+0.0111%	1h	1.1806	−0.286%	$21K	$2K	5x	as long as short
Kraken Futures PF_ZROUSDshort	+0.0132%	1h	1.1820	−0.167%	$253K	$434K	25x
GMX ZRO/USD [ETH-USDC]	L +0.0291% / S −0.2341%	1h	1.1812	−0.236%	$3K	—	100x	as long as short
Nado ZRO-PERP	+0.0378%	1h	1.1810	−0.255%	$1.3M	$125K	5x	as long as short
Injective ZRO/USDC PERP	+0.1159%	1h	1.1860	+0.169%	$12K	$260K	12x	as long as short
Extended ZRO-USD	+0.1896%	1h	1.1808	−0.269%	$786K	$608K	10x	as long as short