Funding you earn now, next payment 12:00 UTC+0.0172%/8h= +18.9% APRnext payment +$0.86 per $10,000 · paid last 24h +0.071%
Price spread now: BloFin against Bybit+0.021%52s7-day average +0.172% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as 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−$1531.528% of the position
Funding, last 7 days+0.160%+$16 on $10k
+Price spread, last 4 days (all we have)−1.142%−$114 · spread now +0.021%, 7d avg +0.172%
=Funding pays, the price is against you. BloFin is 0.151% cheaper against Bybit than usual: you would sell low and buy high (spread +0.021% now, against its 7-day average of +0.172%). If the spread goes back, that is −$15 on $10k: about 2.9 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.160% in total) that is about 6.6 days. The two prices were read 52 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 | Bybit ZEREBROUSDT | 0.03377 | 0.0100 | pay 0.0050% / 4h | 3h 46m | $5.2M | $903K | 13x |
| Short | BloFin ZEREBRO-USDT | 0.03378 | 0.0272 | get 0.0136% / 4h | 3h 46m | $272K | $12K | 10x |
Bybit ZEREBROUSDT
BloFin ZEREBRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $36.21
- Price spread: +0.021% → +0.172%
- −$15.14
- Slippage, 4 orders
- −$129.81
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$131.73
- Costs to cover
- 1.528%
- Break-even
- 32.5 days
Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 20 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 Bybit live order book, 1 min ago | 1.48 bp | 51.5 bp −$52 | 456.0 bp −$4,560 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 20 min ago | 1.77 bp | 27.4 bp −$27 | doesn't fit | 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 | −0.0135% | 1h | 0.03375 | −0.056% | $3K | $2K | 10x | as long as short |
| Bybit ZEREBROUSDTlong | +0.0100% | 4h | 0.03377 | long leg | $5.2M | $903K | 13x | |
| Gate ZEREBRO_USDT | +0.0100% | 4h | 0.03376 | −0.027% | $452K | $25K | 10x | as long as short |
| KuCoin ZEREBROUSDTM | +0.0100% | 4h | 0.03377 | −0.009% | $1.4M | $2.9M | 10x | as long as short |
| Variational Omni ZEREBRO | +0.0100% | 4h | 0.03376 | −0.016% | $107K | $15K | — | as long as short |
| BloFin ZEREBRO-USDTshort | +0.0272% | 4h | 0.03378 | +0.021% | $272K | $12K | 10x | |
| Aster ZEREBROUSDT | +0.0319% | 4h | 0.03387 | +0.306% | $380K | $40K | 5x | as long as short |
| BingX ZEREBRO-USDT | +0.0322% | 4h | 0.03379 | +0.059% | — | $1.3M | — | as long as short |
| Extended ZEREBRO-USD | +0.0328% | 1h | 0.03384 | +0.214% | $2K | $227K | 5x | as long as short |
| MEXC ZEREBRO_USDT | +0.0330% | 4h | 0.03388 | +0.311% | $7.1M | $128K | 50x | as long as short |
Kraken Futures PF_ZEREBROUSD
Gate ZEREBRO_USDT
KuCoin ZEREBROUSDTM
Variational Omni ZEREBRO
Aster ZEREBROUSDT
BingX ZEREBRO-USDT
Extended ZEREBRO-USD
MEXC ZEREBRO_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ZEREBROUSDT | +0.0332% | 4h | 0.03388 | +0.314% | $4.6M | $1.5M | 10x | as long as short |
Binance ZEREBROUSDT