Funding you earn now, next payment 00:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.23 per $10,000 · paid last 24h −0.004%
Price spread now: Bybit against BloFin−0.183%102s7-day average −0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs−$193as 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−$1951.947% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 3 days (all we have)−0.176%−$18 · spread now −0.183%, 7d avg −0.132%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.051% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.132%). Swap the legs. The two prices were read 102 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 | BloFin ZKP-USDT | 0.04925 | 0.0146 | pay 0.0073% / 4h | 2h 29m | $224K | $36K | 40x |
| Short | Bybit ZKPUSDT | 0.04916 | 0.0100 | get 0.0050% / 4h | 2h 29m | $1.2M | $989K | 25x |
BloFin ZKP-USDT
Bybit ZKPUSDTFunding 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
- −$9.58
- Price spread: −0.183% → −0.132%
- −$5.06
- Slippage, 4 orders
- −$171.65
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$209.29
- Costs to cover
- 1.947%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 53 min ago; Bybit: live order book, 1 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, 53 min ago | 5.08 bp | 24.3 bp −$24 | 95.2 bp −$952 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.05 bp | 80.2 bp −$80 | doesn't fit | doesn't fit | doesn't fit |
ZKP on 10 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 ZKPUSDT | +0.0100% | 4h | 0.04927 | +0.048% | $2.7M | $2.6M | 40x | as long as short |
| Bybit ZKPUSDTshort | +0.0100% | 4h | 0.04916 | −0.183% | $1.2M | $989K | 25x | |
| OKX ZKP-USDT-SWAP | +0.0100% | 4h | 0.04928 | +0.061% | $330K | $527K | 20x | as long as short |
| Gate ZKP_USDT | +0.0100% | 4h | 0.04916 | −0.183% | $321K | $175K | 25x | as long as short |
| MEXC ZKP_USDT | +0.0100% | 4h | 0.04926 | +0.020% | $1.1M | $201K | 20x | as long as short |
| KuCoin ZKPUSDTM | +0.0100% | 4h | 0.04922 | −0.061% | $573K | $538K | 20x | as long as short |
| Bitget ZKPUSDT | +0.0100% | 4h | 0.04926 | +0.020% | $288K | $250K | 20x | as long as short |
| BingX ZKP-USDT | +0.0100% | 4h | 0.04923 | −0.041% | — | $6.6M | — | as long as short |
| BloFin ZKP-USDTlong | +0.0146% | 4h | 0.04925 | long leg | $224K | $36K | 40x | |
| Aster ZKPUSDT | +0.0278% | 4h | 0.04924 | −0.023% | $23K | $80K | 5x | as long as short |
Binance ZKPUSDT
OKX ZKP-USDT-SWAP
Gate ZKP_USDT
MEXC ZKP_USDT
KuCoin ZKPUSDTM
Bitget ZKPUSDT
BingX ZKP-USDT
Aster ZKPUSDT