Funding you earn now, next payment 08:00 UTC−0.0037%/8h= −4.1% APRnext payment −$0.19 per $10,000 · paid last 24h +0.009%
Price spread now: BloFin against Bybit+0.341%82s7-day average +0.136% · you sell dearer than you buy
Net, funding: paid 7d − costs−$171as 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−$1701.700% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.341%, 7d avg +0.136%
=The price spread pays, funding is against you. BloFin is 0.205% dearer against Bybit than usual: you sell high and buy low (spread +0.341% now, against its 7-day average of +0.136%): +$21 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 days. At the pace of the last 7 days (−0.009% in total) that is about 5 months. The two prices were read 82 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 ZKPUSDT | 0.04984 | 0.0100 | pay 0.0050% / 4h | 3h 01m | $1.2M | $1.0M | 25x |
| Short | BloFin ZKP-USDT | 0.05001 | 0.0063 | get 0.0031% / 4h | 3h 01m | $94K | $45K | 40x |
Bybit ZKPUSDT
BloFin ZKP-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
- −$7.87
- Price spread: +0.341% → +0.136%
- $20.53
- Slippage, 4 orders
- −$147.04
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$157.38
- Costs to cover
- 1.700%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 19 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, 4 min ago | 3.00 bp | 62.0 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 19 min ago | 5.99 bp | 26.1 bp −$26 | 78.3 bp −$783 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ZKP-USDTshort | +0.0063% | 4h | 0.05001 | +0.341% | $94K | $45K | 40x | |
| Aster ZKPUSDT | +0.0100% | 4h | 0.04994 | +0.194% | $26K | $83K | 5x | as long as short |
| Binance ZKPUSDT | +0.0100% | 4h | 0.04989 | +0.100% | $2.7M | $2.9M | 40x | as long as short |
| Bybit ZKPUSDTlong | +0.0100% | 4h | 0.04984 | long leg | $1.2M | $1.0M | 25x | |
| OKX ZKP-USDT-SWAP | +0.0100% | 4h | 0.04991 | +0.140% | $317K | $554K | 20x | as long as short |
| Gate ZKP_USDT | +0.0100% | 4h | 0.04990 | +0.120% | $320K | $174K | 25x | as long as short |
| MEXC ZKP_USDT | +0.0100% | 4h | 0.04989 | +0.100% | $1.2M | $209K | 20x | as long as short |
| KuCoin ZKPUSDTM | +0.0100% | 4h | 0.04989 | +0.100% | $577K | $505K | 20x | as long as short |
| Bitget ZKPUSDT | +0.0100% | 4h | 0.04989 | +0.100% | $314K | $265K | 20x | as long as short |
| BingX ZKP-USDT | +0.0100% | 4h | 0.04989 | +0.100% | — | $6.6M | — | as long as short |
Aster ZKPUSDT
Binance ZKPUSDT
OKX ZKP-USDT-SWAP
Gate ZKP_USDT
MEXC ZKP_USDT
KuCoin ZKPUSDTM
Bitget ZKPUSDT
BingX ZKP-USDT