Funding you earn now, next payment 04:00 UTC−0.0295%/8h= −32.3% APRnext payment −$1.47 per $10,000 · paid last 24h −0.078%
Price spread now: Bybit against BloFin−0.228%62s7-day average −0.172% · you buy dearer than you sell
Net, funding: paid 7d − costs−$173as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1601.598% of the position
Funding, last 7 days−0.135%−$13 on $10k
+Price spread, last 4 days (all we have)+1.349%+$135 · spread now −0.228%, 7d avg −0.172%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.056% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.172%). Swap the legs. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.135% in total (about -7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ZEREBRO-USDT | 0.03425 | 0.0395 | pay 0.0197% / 4h | 1h 36m | $273K | $12K | 10x |
| Short | Bybit ZEREBROUSDT | 0.03417 | 0.0100 | get 0.0050% / 4h | 1h 36m | $5.3M | $915K | 13x |
BloFin ZEREBRO-USDT
Bybit ZEREBROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$61.87
- Price spread: −0.228% → −0.172%
- −$5.6
- Slippage, 4 orders
- −$136.78
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$227.25
- Costs to cover
- 1.598%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Bybit: live order book, 2 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 BloFin live order book, 3 min ago | 1.32 bp | 31.5 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 4.40 bp | 49.8 bp −$50 | 220.4 bp −$2,204 | doesn't fit | doesn't fit |
ZEREBRO 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZEREBROUSD | −0.0116% | 1h | 0.03423 | −0.047% | $3K | $2K | 10x | as long as short |
| KuCoin ZEREBROUSDTM | −0.0024% | 4h | 0.03415 | −0.280% | $1.5M | $3.0M | 10x | as long as short |
| Bybit ZEREBROUSDTshort | +0.0100% | 4h | 0.03417 | −0.228% | $5.3M | $915K | 13x | |
| Gate ZEREBRO_USDT | +0.0100% | 4h | 0.03412 | −0.377% | $461K | $23K | 10x | as long as short |
| Variational Omni ZEREBRO | +0.0100% | 4h | 0.03415 | −0.282% | $109K | $15K | — | as long as short |
| Extended ZEREBRO-USD | +0.0336% | 1h | 0.03426 | +0.018% | $3K | $152K | 5x | as long as short |
| Binance ZEREBROUSDT | +0.0338% | 4h | 0.03428 | +0.090% | $4.7M | $1.4M | 10x | as long as short |
| MEXC ZEREBRO_USDT | +0.0346% | 4h | 0.03427 | +0.073% | $7.1M | $125K | 50x | as long as short |
| BingX ZEREBRO-USDT | +0.0358% | 4h | 0.03415 | −0.307% | — | $1.3M | — | as long as short |
| Aster ZEREBROUSDT | +0.0383% | 4h | 0.03422 | −0.092% | $384K | $20K | 5x | as long as short |
Kraken Futures PF_ZEREBROUSD
KuCoin ZEREBROUSDTM
Gate ZEREBRO_USDT
Variational Omni ZEREBRO
Extended ZEREBRO-USD
Binance ZEREBROUSDT
MEXC ZEREBRO_USDT
BingX ZEREBRO-USDT
Aster ZEREBROUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ZEREBRO-USDTlong | +0.0395% | 4h | 0.03425 | long leg | $273K | $12K | 10x |