Funding you earn now, next payment 00:00 UTC+0.4569%/8h= +500.3% APRnext payment +$22.84 per $10,000 · paid last 24h +0.916%
Price spread now: Bybit against Binance−0.586%7-day average +0.106% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$219as in the Price arb table
costs, in and out, $10k−$1501.497% of the position
Funding, last 7 days+1.010%+$101 on $10k
+Price spread, last 7 days+0.708%+$71 · spread now −0.586%, 7d avg +0.106%
=Funding pays, the price is against you. Bybit is 0.692% cheaper against Binance than usual: you would sell low and buy high (spread −0.586% now, against its 7-day average of +0.106%). If the spread goes back, that is −$69 on $10k: about 12 hours of funding at the current rate (+$137 a day). At the pace of the last 7 days (+1.010% in total) that is about 4.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.010% in total (about 52.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$22.84 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 | Binance ZKCUSDT | 0.04155 | 0.0100 | pay 0.0050% / 4h | 7m 52s | $2.2M | $3.3M | 25x |
| Short | Bybit ZKCUSDT | 0.04131 | 0.4669 | get 0.2334% / 4h | 7m 52s | $856K | $584K | 25x |
Binance ZKCUSDT
Bybit ZKCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- $959.47
- Price spread: −0.586% → +0.106%
- −$69.2
- Slippage, 4 orders
- −$128.69
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $740.58
- Costs to cover
- 1.497%
- Break-even
- 1.6 days
Slippage from Binance: live order book, 13 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 Binance live order book, 13 min ago | 1.21 bp | 25.6 bp −$26 | 120.6 bp −$1,206 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 4.84 bp | 46.1 bp −$46 | 705.1 bp −$7,051 | doesn't fit | doesn't fit |
ZKC 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX ZKC-USDT | +0.0070% | 4h | 0.04148 | −0.176% | — | $2.4M | — | as long as short |
| Aster ZKCUSDT | +0.0100% | 4h | 0.04157 | +0.046% | $5K | $1K | 5x | as long as short |
| Binance ZKCUSDTlong | +0.0100% | 4h | 0.04155 | long leg | $2.2M | $3.3M | 25x | |
| Gate ZKC_USDT | +0.0100% | 4h | 0.04154 | −0.032% | $156K | $145K | 25x | as long as short |
| MEXC ZKC_USDT | +0.0100% | 4h | 0.04156 | +0.016% | $339K | $149K | 20x | as long as short |
| KuCoin ZKCUSDTM | +0.0100% | 4h | 0.04156 | +0.016% | $250K | $54K | 25x | as long as short |
| Bitget ZKCUSDT | +0.0100% | 4h | 0.04158 | +0.064% | $427K | $183K | 25x | as long as short |
| SunX ZKC-USDT | +0.0100% | 4h | 0.04157 | +0.040% | — | $1.0M | 10x | as long as short |
| HTX ZKC-USDT | +0.0100% | 4h | 0.04138 | −0.417% | $5K | $338K | 20x | as long as short |
| Variational Omni ZKC | +0.4513% | 4h | 0.04128 | −0.660% | $11K | $12K | — | as long as short |
BingX ZKC-USDT
Aster ZKCUSDT
Gate ZKC_USDT
MEXC ZKC_USDT
KuCoin ZKCUSDTM
Bitget ZKCUSDT
SunX ZKC-USDT
HTX ZKC-USDT
Variational Omni ZKCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZKCUSDTshort | +0.4669% | 4h | 0.04131 | −0.586% | $856K | $584K | 25x |