Funding you earn now, next payment 08:00 UTC+0.0285%/8h= +31.2% APRpaid last 24h −0.050%
Price spread now: Kraken Futures against BloFin+0.098%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1321.321% of the position
Funding, last 7 days+0.180%+$18 on $10k
+Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.098%, 7d avg +0.101%
=The price spread sits at its 7-day average of +0.101%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.180% in total (about 9.4% 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 | BloFin ZRO-USDT | 1.1823 | 0.0141 | pay 0.0071% / 4h | 5m 01s | $1.0M | $199K | 75x |
| Short | Kraken Futures PF_ZROUSD | 1.1835 | 0.0426 | get 0.0053% / 1h | 5m 01s | $267K | $302K | 25x |
BloFin ZRO-USDT
Kraken Futures PF_ZROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $59.76
- Price spread: +0.098% → +0.101%
- −$0.32
- Slippage, 4 orders
- −$110.07
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$72.63
- Costs to cover
- 1.321%
- Break-even
- 15.5 days
Slippage from BloFin: live order book, 2 min ago; Kraken Futures: live order book, 33 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 BloFin live order book, 2 min ago | 1.70 bp | 18.2 bp −$18 | 36.7 bp −$367 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 33 min ago | 39.04 bp | 47.4 bp −$47 | 152.7 bp −$1,527 | 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 | 0.0000% | 1h | 1.1818 | −0.044% | $4K | $5K | 5x | as long as short |
| dYdX ZRO-USD | +0.0005% | 1h | 1.1792 | −0.263% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0083% | 4h | 1.1816 | −0.059% | $21K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1834 | +0.093% | $4.4M | $1.2M | 5x | as long as short |
| Nado ZRO-PERP | +0.0100% | 1h | 1.1813 | −0.083% | $1.3M | $128K | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1831 | +0.068% | $37.5M | $5.3M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1824 | +0.008% | $159K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1799 | −0.204% | $139K | $165K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1817 | −0.054% | $22.1M | $28.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1809 | −0.118% | $18.1M | $13.1M | 50x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
Nado ZRO-PERP
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 | 1.1811 | −0.101% | $3.2M | $7.7M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1810 | −0.110% | $1.3M | $1.4M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1820 | −0.025% | $19.4M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1819 | −0.034% | $2.5M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1807 | −0.135% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1815 | −0.068% | — | $21.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1826 | +0.025% | $95K | $217K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1775 | −0.407% | $2.3M | $760K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1820 | −0.025% | $40K | $668K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1823 | 0.000% | $100K | $810K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1816 | −0.059% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDTlong | +0.0141% | 4h | 1.1823 | long leg | $1.0M | $199K | 75x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0294% / S −0.2341% | 1h | 1.1821 | −0.020% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSDshort | +0.0426% | 1h | 1.1835 | +0.098% | $267K | $302K | 25x | |
| Extended ZRO-USD | +0.0456% | 1h | 1.1809 | −0.117% | $807K | $647K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1271% | 1h | 1.1860 | +0.313% | $12K | $261K | 12x | as long as short |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP