Funding you earn now, next payment 00:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.21 per $10,000 · paid last 24h +0.010%
Price spread now: BloFin against Binance+0.074%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$570.569% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 3 days (all we have)−0.266%−$27 · spread now +0.074%, 7d avg −0.008%
=The price spread pays, funding is against you. BloFin is 0.082% dearer against Binance than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of −0.008%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZROUSDT | 1.1849 | 0.0100 | pay 0.0050% / 4h | 52m 39s | $22.2M | $31.2M | 75x |
| Short | BloFin ZRO-USDT | 1.1858 | 0.0058 | get 0.0029% / 4h | 52m 39s | $1.1M | $258K | 75x |
Binance ZROUSDT
BloFin ZRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$8.77
- Price spread: +0.074% → −0.008%
- $8.17
- Slippage, 4 orders
- −$34.88
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$57.47
- Costs to cover
- 0.569%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; BloFin: live order book, 5 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, 4 min ago | 0.42 bp | 13.3 bp −$13 | 30.3 bp −$303 | 329.1 bp −$32.9K | doesn't fit |
| Sell BloFin live order book, 5 min ago | 0.42 bp | 16.7 bp −$17 | 35.6 bp −$356 | doesn't fit | doesn't fit |
ZRO on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZROUSD | −0.0168% | 1h | 1.1842 | −0.059% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0016% | 4h | 1.1855 | +0.048% | $21K | $7K | 10x | as long as short |
| BloFin ZRO-USDTshort | +0.0058% | 4h | 1.1858 | +0.074% | $1.1M | $258K | 75x | |
| Lighter ZRO | +0.0096% | 1h | 1.1858 | +0.075% | $4.4M | $1.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1863 | +0.113% | $159K | $154K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1852 | +0.024% | $138K | $181K | 5x | as long as short |
| Binance ZROUSDTlong | +0.0100% | 4h | 1.1849 | long leg | $22.2M | $31.2M | 75x | |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1843 | −0.053% | $18.1M | $14.7M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1854 | +0.040% | $3.2M | $8.3M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1860 | +0.091% | $1.4M | $1.8M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1849 | −0.002% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1862 | +0.108% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1858 | +0.074% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1851 | +0.015% | — | $10.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1854 | +0.043% | $2.3M | $850K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1870 | +0.175% | $37K | $687K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1864 | +0.124% | $89K | $815K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1855 | +0.048% | $21K | — | 3x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0132% | 1h | 1.1872 | +0.192% | $255K | $434K | 25x | as long as short |
| dYdX ZRO-USD | +0.0150% | 1h | 1.1858 | +0.072% | $21K | $2K | 5x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0184% | 1h | 1.1863 | +0.116% | $101K | $207K | 20x | as long as short |
| Hyperliquid ZRO | +0.0218% | 1h | 1.1865 | +0.133% | $37.7M | $6.2M | 5x | as long as short |
| Nado ZRO-PERP | +0.0281% | 1h | 1.1854 | +0.038% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1853 | +0.033% | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERP | +0.1159% | 1h | 1.1920 | +0.597% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.2000% | 1h | 1.1851 | +0.011% | $784K | $558K | 10x | as long as short |
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Kraken Futures PF_ZROUSD
dYdX ZRO-USD
Backpack ZRO_USDC_PERP
Hyperliquid ZRO
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP
Extended ZRO-USD