Funding you earn now, next payment 21:00 UTC−0.0259%/8h= −28.4% APRnext payment −$0.32 per $10,000 · paid last 24h −0.097%
Price spread now: Kraken Futures against 01 Exchange−0.105%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Kraken Futures is 0.105% cheaper against 01 Exchange than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange ZROUSD | 1.1844 | 0.0176 | pay 0.0022% / 1h | 32m 27s | $7K | $3K | 5x |
| Short | Kraken Futures PF_ZROUSD | 1.1831 | −0.0083 | pay 0.0010% / 1h | 32m 27s | $248K | $579K | 25x |
01 Exchange ZROUSD
Kraken Futures PF_ZROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against 01 Exchange. 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
- −$54.45
- Price spread: −0.105% → 0.000%
- −$10.45
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$81.9
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Kraken Futures: live order book, 16 min ago. Net counts fees only.
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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 16 min ago | 7.26 bp | 29.5 bp −$30 | 147.4 bp −$1,474 | doesn't fit | doesn't fit |
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | −0.0192% | 4h | 1.1840 | −0.032% | $3.3M | $9.5M | 20x | as long as short |
| Kraken Futures PF_ZROUSDshort | −0.0083% | 1h | 1.1831 | −0.105% | $248K | $579K | 25x | |
| Orderly PERP_ZRO_USDC | −0.0031% | 4h | 1.1821 | −0.193% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0035% | 1h | 1.1850 | +0.055% | $21K | $2K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0054% | 4h | 1.1815 | −0.243% | $1.1M | $266K | 75x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1845 | +0.010% | $37.6M | $7.8M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1851 | +0.061% | $159K | $165K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1843 | −0.004% | $144K | $210K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1833 | −0.093% | $22.4M | $35.6M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1831 | −0.108% | $18.2M | $16.8M | 50x | as long as short |
OKX ZRO-USDT-SWAP
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
BloFin ZRO-USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1850 | +0.052% | $1.3M | $2.1M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1833 | −0.091% | $18.3M | $3.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1849 | +0.044% | $2.5M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1843 | −0.007% | $2.7M | $2.7M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1840 | −0.032% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1862 | +0.154% | $90K | $209K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1785 | −0.495% | $2.2M | $897K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1810 | −0.285% | $37K | $682K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1843 | −0.007% | $83K | $1.0M | 5x | as long as short |
| Extended ZRO-USD | +0.0104% | 1h | 1.1829 | −0.122% | $784K | $561K | 10x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1810 | −0.285% | $21K | — | 3x | as long as short |
| 01 Exchange ZROUSDlong | +0.0176% | 1h | 1.1844 | long leg | $7K | $3K | 5x | |
| Nado ZRO-PERP | +0.0242% | 1h | 1.1836 | −0.062% | $1.3M | $134K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1835 | −0.078% | $3K | — | 100x | as long as short |
| Lighter ZRO | +0.0944% | 1h | 1.1876 | +0.269% | $4.8M | $1.1M | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.1022% | 1h | 1.1850 | +0.052% | $12K | $121K | 12x | as long as short |
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
Extended ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Lighter ZRO
Injective ZRO/USDC PERP