Funding you earn now, next payment 03:00 UTC−0.0120%/8h= −13.2% APRpaid last 24h −0.028%
Price spread now: KuCoin against Nado−0.015%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1191.193% of the position
Funding, last 3 days (all we have)−0.060%−$6 on $10k
+Price spread, last 7 days−0.159%−$16 · spread now −0.015%, 7d avg +0.008%
=Together, before fees−0.219%+ Points / potential airdropNado: Active · farm board−$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.023% cheaper against Nado than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.008%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado ZRO-PERP | 1.1654 | 0.0220 | pay 0.0028% / 1h | 3m 26s | $1.3M | $124K | 5x |
| Short | KuCoin ZROUSDTM | 1.1652 | 0.0100 | get 0.0050% / 4h | 1h 03m | $2.3M | $2.0M | 50x |
Nado ZRO-PERP
KuCoin ZROUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Nado. 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
- −$25.24
- Price spread: −0.015% → +0.008%
- −$2.35
- Slippage, 4 orders
- −$100.27
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$146.86
- Costs to cover
- 1.193%
- Break-even
- never at this rate
Slippage from Nado: live order book, 5 min ago; KuCoin: 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 Nado live order book, 5 min ago | 1.71 bp | 10.0 bp −$10 | 41.7 bp −$417 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 7.73 bp | 42.7 bp −$43 | 128.3 bp −$1,283 | 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 | −0.0224% | 1h | 1.1649 | −0.039% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0037% | 4h | 1.1652 | −0.015% | $20K | $5K | 10x | as long as short |
| dYdX ZRO-USD | +0.0042% | 1h | 1.1638 | −0.133% | $21K | $4K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0068% | 4h | 1.1649 | −0.041% | $1.1M | $247K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1659 | +0.046% | $4.3M | $1.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1649 | −0.038% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1639 | −0.124% | $135K | $177K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1649 | −0.041% | $21.8M | $29.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1640 | −0.118% | $17.7M | $13.9M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1649 | −0.041% | $3.2M | $7.9M | 20x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
BloFin ZRO-USDT
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1650 | −0.032% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1650 | −0.032% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTMshort | +0.0100% | 4h | 1.1652 | −0.015% | $2.3M | $2.0M | 50x | |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1651 | −0.024% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1645 | −0.075% | — | $16.4M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1657 | +0.028% | $94K | $195K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1633 | −0.176% | $2.3M | $810K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1650 | −0.032% | $39K | $671K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1655 | +0.011% | $98K | $844K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1645 | −0.075% | $21K | — | 3x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0199% | 1h | 1.1664 | +0.092% | $256K | $407K | 25x | as long as short |
| Nado ZRO-PERPlong | +0.0220% | 1h | 1.1654 | long leg | $1.3M | $124K | 5x | |
| Hyperliquid ZRO | +0.0278% | 1h | 1.1669 | +0.131% | $36.9M | $5.5M | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1652 | −0.015% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0896% | 1h | 1.1636 | −0.152% | $780K | $591K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1102% | 1h | 1.1700 | +0.397% | $12K | $260K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Kraken Futures PF_ZROUSD
Hyperliquid ZRO
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP