Funding you earn now, next payment 07:00 UTC+0.0414%/8h= +45.3% APRpaid last 24h −0.054%
Price spread now: Kraken Futures against MEXC+0.061%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$900.903% of the position
Funding, last 7 days+0.188%+$19 on $10k
+Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.061%, 7d avg +0.088%
=Funding pays, the price is against you. Kraken Futures is 0.027% cheaper against MEXC than usual: you would sell low and buy high (spread +0.061% now, against its 7-day average of +0.088%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.188% in total) that is about 24 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.188% in total (about 9.8% 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 | MEXC ZRO_USDT | 1.1697 | 0.0100 | pay 0.0050% / 4h | 1h 44m | $19.2M | $2.7M | 125x |
| Short | Kraken Futures PF_ZROUSD | 1.1704 | 0.0514 | get 0.0064% / 1h | 44m 01s | $254K | $307K | 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
- $86.9
- Price spread: +0.061% → +0.088%
- −$2.72
- Slippage, 4 orders
- −$80.31
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$6.12
- Costs to cover
- 0.903%
- Break-even
- 7.5 days
Slippage from MEXC: live order book, 5 min ago; Kraken Futures: live order book, 64 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, 5 min ago | 0.43 bp | 5.1 bp −$5 | 22.5 bp −$225 | 76.9 bp −$7,692 | 426.0 bp −$213.0K |
| Sell Kraken Futures live order book, 64 min ago | 27.04 bp | 39.6 bp −$40 | 187.2 bp −$1,872 | 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 | −0.0040% | 1h | 1.1713 | +0.134% | $4K | $5K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0062% | 4h | 1.1685 | −0.103% | $1.0M | $202K | 75x | as long as short |
| dYdX ZRO-USD | +0.0074% | 1h | 1.1707 | +0.089% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0089% | 4h | 1.1695 | −0.017% | $20K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1718 | +0.182% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1706 | +0.077% | $37.1M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1702 | +0.041% | $158K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1704 | +0.063% | $138K | $174K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1694 | −0.026% | $21.9M | $29.3M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1690 | −0.060% | $17.9M | $13.5M | 50x | as long as short |
01 Exchange ZROUSD
BloFin ZRO-USDT
dYdX ZRO-USD
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 | 1.1699 | +0.017% | $3.2M | $7.7M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1700 | +0.026% | $1.3M | $1.4M | 75x | as long as short |
| MEXC ZRO_USDTlong | +0.0100% | 4h | 1.1697 | long leg | $19.2M | $2.7M | 125x | |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1692 | −0.043% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1698 | +0.009% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1695 | −0.017% | — | $16.6M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1666 | −0.261% | $2.3M | $812K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1710 | +0.111% | $39K | $671K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1708 | +0.094% | $99K | $819K | 5x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0101% | 1h | 1.1704 | +0.060% | $95K | $220K | 20x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1691 | −0.053% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0192% | 1h | 1.1702 | +0.044% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1703 | +0.054% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSDshort | +0.0514% | 1h | 1.1704 | +0.061% | $254K | $307K | 25x | |
| Extended ZRO-USD | +0.0744% | 1h | 1.1693 | −0.034% | $799K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1317% | 1h | 1.1730 | +0.282% | $12K | $261K | 12x | as long as short |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Backpack ZRO_USDC_PERP
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP