Funding you earn now, next payment 06:00 UTC−0.0894%/8h= −97.9% APRpaid last 24h −0.147%
Price spread now: OKX against Kraken Futures−0.625%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 −$27 a day on $10k at the current rate, and OKX is 0.625% cheaper against Kraken Futures than usual: you would sell low and buy high (−$62 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 | 0.1183 | 0.0994 | pay 0.0124% / 1h | 25m 44s | $38K | $5K | 10x |
| Short | OKX ZRX-USDT-SWAP | 0.1175 | 0.0100 | get 0.0050% / 4h | 2h 25m | $517K | $357K | 20x |
Kraken Futures PF_ZRXUSD
OKX ZRX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$187.75
- Price spread: −0.625% → 0.000%
- −$62.45
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$270.2
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 20 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 OKX live order book, 20 min ago | 6.30 bp | 43.9 bp −$44 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ZRXUSDT | +0.0100% | 4h | 0.1176 | −0.549% | $1.7M | $1.4M | 50x | as long as short |
| Bybit ZRXUSDT | +0.0100% | 8h | 0.1177 | −0.515% | $1.4M | $338K | 25x | as long as short |
| OKX ZRX-USDT-SWAPshort | +0.0100% | 4h | 0.1175 | −0.625% | $517K | $357K | 20x | |
| Gate ZRX_USDT | +0.0100% | 8h | 0.1176 | −0.608% | $141K | $40K | 75x | as long as short |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1176 | −0.565% | $882K | $165K | 50x | as long as short |
| KuCoin ZRXUSDTM | +0.0100% | 4h | 0.1176 | −0.565% | $296K | $57K | 30x | as long as short |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1175 | −0.650% | $591K | $137K | 50x | as long as short |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1177 | −0.481% | — | $2.3M | — | as long as short |
| Variational Omni ZRX | +0.0100% | 8h | 0.1176 | −0.594% | $22K | $13K | — | as long as short |
| BloFin ZRX-USDT | +0.0127% | 4h | 0.1180 | −0.227% | $92K | $23K | 50x | as long as short |
Binance ZRXUSDT
Bybit ZRXUSDT
Gate ZRX_USDT
MEXC ZRX_USDT
KuCoin ZRXUSDTM
Bitget ZRXUSDT
BingX ZRX-USDT
Variational Omni ZRX
BloFin ZRX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZRXUSDlong | +0.0994% | 1h | 0.1183 | long leg | $38K | $5K | 10x |