Funding you earn now, next payment 11:00 UTC+0.0629%/8h= +68.8% APRpaid last 24h +0.010%
Price spread now: Bitget against Kraken Futures−0.035%7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1381.383% of the position
Funding, last 7 days−0.191%−$19 on $10k
+Price spread, last 4 days (all we have)+0.462%+$46 · spread now −0.035%, 7d avg −0.104%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Bitget is 0.069% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.104%. Mind the row above: over the last 7 days funding on this pair cost −0.191%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.191% in total (about -10.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZROUSD | 1.1845 | −0.0529 | get 0.0066% / 1h | 52m 57s | $269K | $211K | 25x |
| Short | Bitget ZROUSDT | 1.1841 | 0.0100 | get 0.0050% / 4h | 1h 52m | $2.8M | $2.3M | 75x |
Kraken Futures PF_ZROUSD
Bitget ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $132.02
- Price spread: −0.035% → −0.104%
- $6.92
- Slippage, 4 orders
- −$116.33
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $0.61
- Costs to cover
- 1.383%
- Break-even
- 7.0 days
Slippage from Kraken Futures: live order book, 57 min ago; Bitget: live order book, 3 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 Kraken Futures live order book, 57 min ago | 22.92 bp | 48.4 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 0.42 bp | 14.4 bp −$14 | 54.4 bp −$544 | doesn't fit | doesn't fit |
ZRO on 26 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ZRO/USDC PERP | −0.0774% | 1h | 1.1760 | −0.718% | $12K | $257K | 12x | as long as short |
| Kraken Futures PF_ZROUSDlong | −0.0529% | 1h | 1.1845 | long leg | $269K | $211K | 25x | |
| Bybit ZROUSDT | −0.0061% | 4h | 1.1825 | −0.170% | $18.1M | $11.7M | 50x | as long as short |
| 01 Exchange ZROUSD | −0.0056% | 1h | 1.1836 | −0.078% | $4K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0021% | 4h | 1.1840 | −0.043% | $20K | $2K | 10x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1847 | +0.018% | $21K | $5K | 5x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0001% | 4h | 1.1830 | −0.127% | $3.2M | $7.5M | 20x | as long as short |
| BloFin ZRO-USDT | +0.0066% | 4h | 1.1847 | +0.016% | $1.0M | $143K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1856 | +0.088% | $4.4M | $1.1M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1852 | +0.058% | $37.5M | $5.0M | 5x | as long as short |
Injective ZRO/USDC PERP
Bybit ZROUSDT
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
OKX ZRO-USDT-SWAP
BloFin ZRO-USDT
Lighter ZRO
Hyperliquid ZROShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZROUSDT | +0.0100% | 4h | 1.1848 | +0.027% | $160K | $124K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1841 | −0.035% | $137K | $143K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1835 | −0.085% | $22.1M | $26.7M | 75x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1840 | −0.043% | $1.4M | $1.1M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1835 | −0.085% | $9.5M | $2.4M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1850 | +0.041% | $2.3M | $2.3M | 50x | as long as short |
| Bitget ZROUSDTshort | +0.0100% | 4h | 1.1841 | −0.035% | $2.8M | $2.3M | 75x | |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1838 | −0.060% | — | $25.2M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1817 | −0.237% | $2.3M | $733K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1830 | −0.127% | $40K | $668K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1838 | −0.060% | $101K | $728K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1836 | −0.075% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0212% | 1h | 1.1843 | −0.016% | $1.4M | $121K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1841 | −0.032% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0344% | 1h | 1.1830 | −0.125% | $806K | $654K | 10x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0746% | 1h | 1.1842 | −0.026% | $94K | $215K | 20x | as long as short |
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Backpack ZRO_USDC_PERP