Funding you earn now, next payment 04:00 UTC+0.1131%/8h= +123.8% APRnext payment +$5.65 per $10,000 · paid last 24h +1.131%
Price spread now: Bybit against Gate−0.310%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$756as in the Funding arb table
Net, price: spread back to 7d avg − costs−$860as in the Price arb table
costs, in and out, $10k−$8318.312% of the position
Funding, last 7 days+0.748%+$75 on $10k
+Price spread, last 4 days (all we have)+0.564%+$56 · spread now −0.310%, 7d avg −0.022%
=Funding pays, the price is against you. Bybit is 0.288% cheaper against Gate than usual: you would sell low and buy high (spread −0.310% now, against its 7-day average of −0.022%). If the spread goes back, that is −$29 on $10k: about 20 hours of funding at the current rate (+$34 a day). At the pace of the last 7 days (+0.748% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.748% in total (about 39.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.65 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 | Gate ZKC_USDT | 0.04190 | 0.0100 | pay 0.0050% / 4h | 1h 43m | $185K | $155K | 25x |
| Short | Bybit ZKCUSDT | 0.04177 | 0.1231 | get 0.0615% / 4h | 1h 43m | $888K | $691K | 25x |
Gate ZKC_USDT
Bybit ZKCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- $237.41
- Price spread: −0.310% → −0.022%
- −$28.8
- Slippage, 4 orders
- −$805.19
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$622.58
- Costs to cover
- 8.312%
- Break-even
- 25.4 days
Slippage from Gate: live order book, 13 min ago; Bybit: live order book, 17 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 Gate live order book, 13 min ago | 10.69 bp | 302.0 bp −$302 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 17 min ago | 3.58 bp | 57.7 bp −$58 | doesn't fit | 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 | 0.04192 | +0.048% | — | $2.4M | — | as long as short |
| Aster ZKCUSDT | +0.0100% | 4h | 0.04194 | +0.104% | $5K | $2K | 5x | as long as short |
| Binance ZKCUSDT | +0.0100% | 4h | 0.04194 | +0.095% | $2.2M | $3.5M | 25x | as long as short |
| Gate ZKC_USDTlong | +0.0100% | 4h | 0.04190 | long leg | $185K | $155K | 25x | |
| MEXC ZKC_USDT | +0.0100% | 4h | 0.04192 | +0.048% | $360K | $143K | 20x | as long as short |
| KuCoin ZKCUSDTM | +0.0100% | 4h | 0.04195 | +0.119% | $256K | $53K | 25x | as long as short |
| Bitget ZKCUSDT | +0.0100% | 4h | 0.04197 | +0.167% | $427K | $187K | 25x | as long as short |
| SunX ZKC-USDT | +0.0100% | 4h | 0.04193 | +0.072% | — | $1.1M | 10x | as long as short |
| HTX ZKC-USDT | +0.0100% | 4h | 0.04183 | −0.167% | $5K | $337K | 20x | as long as short |
| Bybit ZKCUSDTshort | +0.1231% | 4h | 0.04177 | −0.310% | $888K | $691K | 25x |
BingX ZKC-USDT
Aster ZKCUSDT
Binance ZKCUSDT
MEXC ZKC_USDT
KuCoin ZKCUSDTM
Bitget ZKCUSDT
SunX ZKC-USDT
HTX ZKC-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZKC | +0.1428% | 4h | 0.04161 | −0.686% | $29K | $30K | — | as long as short |
Variational Omni ZKC