Funding you earn now, next payment 07:00 UTC+0.1217%/8h= +133.3% APRpaid last 24h +0.168%
Price spread now: Injective against KuCoin+0.565%85s7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$195as 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−$1801.800% of the position
Funding, last 7 days−0.150%−$15 on $10k
+Price spread, last 4 days (all we have)−1.266%−$127 · spread now +0.565%, 7d avg −0.012%
=Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Injective is 0.577% dearer against KuCoin than usual: you sell high and buy low: +$58 more if the spread goes back to its 7-day average of −0.012%. Mind the row above: over the last 7 days funding on this pair cost −0.150%, so the current rate has only just turned in your favour. The two prices were read 85 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 -0.150% in total (about -7.8% 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 | KuCoin ZROUSDTM | 1.1684 | 0.0100 | pay 0.0050% / 4h | 1h 21m | $2.4M | $2.0M | 50x |
| Short | Injective ZRO/USDC PERP | 1.1750 | 0.1317 | get 0.0165% / 1h | 21m 51s | $12K | $261K | 12x |
KuCoin ZROUSDTM
Injective ZRO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $255.6
- Price spread: +0.565% → −0.012%
- $57.69
- Slippage, 4 orders
- −$168.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $133.25
- Costs to cover
- 1.800%
- Break-even
- 3.4 days
Slippage from KuCoin: live order book, 5 min ago; Injective: live order book, 22 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, 5 min ago | 7.26 bp | 65.0 bp −$65 | 141.4 bp −$1,414 | doesn't fit | doesn't fit |
| Sell Injective live order book, 22 min ago | 29.90 bp | 40.5 bp −$41 | doesn't fit | 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 | +0.0032% | 1h | 1.1693 | +0.074% | $4K | $5K | 5x | as long as short |
| dYdX ZRO-USD | +0.0038% | 1h | 1.1680 | −0.031% | $21K | $5K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0064% | 4h | 1.1692 | +0.068% | $1.0M | $202K | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0094% | 4h | 1.1681 | −0.026% | $20K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1704 | +0.170% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1685 | +0.009% | $37.0M | $5.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1682 | −0.014% | $158K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1690 | +0.048% | $137K | $172K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1681 | −0.026% | $21.8M | $29.1M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1680 | −0.034% | $17.9M | $13.3M | 50x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
BloFin ZRO-USDT
Orderly PERP_ZRO_USDC
Lighter ZRO
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 | 1.1687 | +0.026% | $3.2M | $7.7M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1680 | −0.034% | $1.3M | $1.4M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1680 | −0.034% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTMlong | +0.0100% | 4h | 1.1684 | long leg | $2.4M | $2.0M | 50x | |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1681 | −0.026% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1682 | −0.017% | — | $16.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1689 | +0.047% | $2.3M | $798K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1670 | −0.120% | $39K | $670K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1691 | +0.060% | $99K | $817K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1675 | −0.077% | $21K | — | 3x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0206% | 1h | 1.1683 | −0.009% | $95K | $219K | 20x | as long as short |
| Nado ZRO-PERP | +0.0278% | 1h | 1.1695 | +0.097% | $1.3M | $127K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1681 | −0.029% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0514% | 1h | 1.1698 | +0.121% | $253K | $298K | 25x | as long as short |
| Extended ZRO-USD | +0.0712% | 1h | 1.1680 | −0.032% | $799K | $626K | 10x | as long as short |
| Injective ZRO/USDC PERPshort | +0.1317% | 1h | 1.1750 | +0.565% | $12K | $261K | 12x |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
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]
Kraken Futures PF_ZROUSD
Extended ZRO-USD