Funding you earn now, next payment 03:00 UTC−0.1549%/8h= −169.7% APRpaid last 24h −0.112%
Price spread now: Gate against Kraken Futures−0.415%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$46 a day on $10k at the current rate, and Gate is 0.415% cheaper against Kraken Futures than usual: you would sell low and buy high (−$41 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 | Kraken Futures PF_ZRXUSD | 0.1214 | 0.1649 | pay 0.0206% / 1h | 6m 32s | $40K | $4K | 10x |
| Short | Gate ZRX_USDT | 0.1209 | 0.0100 | get 0.0100% / 8h | 5h 06m | $146K | $44K | 75x |
Kraken Futures PF_ZRXUSD
Gate ZRX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Kraken Futures. 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
- −$325.36
- Price spread: −0.415% → 0.000%
- −$41.47
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$391.83
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 49 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 49 min ago | 9.07 bp | 212.6 bp −$213 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.168% | $95K | $23K | 50x | as long as short |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1208 | −0.462% | $1.8M | $1.3M | 50x | as long as short |
| Bybit ZRXUSDT | +0.0100% | 8h | 0.1209 | −0.382% | $1.4M | $358K | 25x | as long as short |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1208 | −0.514% | $532K | $332K | 20x | as long as short |
| Gate ZRX_USDTshort | +0.0100% | 8h | 0.1209 | −0.415% | $146K | $44K | 75x | |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1208 | −0.497% | $913K | $172K | 50x | as long as short |
| KuCoin ZRXUSDTM | +0.0100% | 4h | 0.1208 | −0.497% | $325K | $47K | 30x | as long as short |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1210 | −0.332% | $582K | $122K | 50x | as long as short |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1210 | −0.332% | — | $2.3M | — | as long as short |
| Variational Omni ZRX | +0.0100% | 8h | 0.1215 | +0.048% | $23K | $41K | — | 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_ZRXUSDlong | +0.1649% | 1h | 0.1214 | long leg | $40K | $4K | 10x |