Funding you earn now, next payment 03:00 UTC+0.1551%/8h= +169.8% APRpaid last 24h +0.112%
Price spread now: Kraken Futures against Gate+0.446%51s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 for this trade now. Funding pays +$47 a day on $10k at the current rate, and Kraken Futures is 0.446% dearer against Gate than usual: you sell high and buy low: +$45 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ZRX_USDT | 0.1208 | 0.0100 | pay 0.0100% / 8h | 5h 05m | $146K | $44K | 75x |
| Short | Kraken Futures PF_ZRXUSD | 0.1213 | 0.1651 | get 0.0206% / 1h | 5m 25s | $39K | $4K | 10x |
Gate ZRX_USDT
Kraken Futures PF_ZRXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- $325.64
- Price spread: +0.446% → 0.000%
- $44.58
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $345.22
- Costs to cover
- 0.250%
- Break-even
- from the start
Slippage unknown: Gate: live order book, 50 min ago; Kraken Futures: no order-book sample. 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 Gate live order book, 50 min ago | 9.07 bp | 119.0 bp −$119 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: 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.
ZRX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ZRX-USDT | +0.0058% | 4h | 0.1212 | +0.356% | $95K | $23K | 50x | as long as short |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1208 | +0.025% | $1.8M | $1.3M | 50x | as long as short |
| Bybit ZRXUSDT | +0.0100% | 8h | 0.1208 | +0.050% | $1.4M | $350K | 25x | as long as short |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1207 | −0.033% | $532K | $331K | 20x | as long as short |
| Gate ZRX_USDTlong | +0.0100% | 8h | 0.1208 | long leg | $146K | $44K | 75x | |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1208 | +0.025% | $913K | $172K | 50x | as long as short |
| KuCoin ZRXUSDTM | +0.0100% | 4h | 0.1206 | −0.141% | $324K | $47K | 30x | as long as short |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1210 | +0.190% | $582K | $122K | 50x | as long as short |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1209 | +0.108% | — | $2.3M | — | as long as short |
| Variational Omni ZRX | +0.0100% | 8h | 0.1208 | −0.007% | $23K | $24K | — | as long as short |
BloFin ZRX-USDT
Binance ZRXUSDT
Bybit ZRXUSDT
OKX ZRX-USDT-SWAP
MEXC ZRX_USDT
KuCoin ZRXUSDTM
Bitget ZRXUSDT
BingX ZRX-USDT
Variational Omni ZRXShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZRXUSDshort | +0.1651% | 1h | 0.1213 | +0.446% | $39K | $4K | 10x |