Funding you earn now, next payment 00:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.11 per $10,000 · paid last 24h −0.010%
Price spread now: Binance against BloFin−0.105%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$570.566% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 3 days (all we have)+0.298%+$30 · spread now −0.105%, 7d avg +0.008%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.113% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.008%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ZRO-USDT | 1.1840 | 0.0122 | pay 0.0061% / 4h | 1h 36m | $1.1M | $263K | 75x |
| Short | Binance ZROUSDT | 1.1828 | 0.0100 | get 0.0050% / 4h | 1h 36m | $22.2M | $31.8M | 75x |
BloFin ZRO-USDT
Binance ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$4.66
- Price spread: −0.105% → +0.008%
- −$11.34
- Slippage, 4 orders
- −$34.55
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$72.55
- Costs to cover
- 0.566%
- Break-even
- never at this rate
Slippage from BloFin: live order book, just now; Binance: 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 BloFin live order book, just now | 0.85 bp | 15.3 bp −$15 | 32.1 bp −$321 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.42 bp | 11.5 bp −$11 | 26.2 bp −$262 | 229.6 bp −$23.0K | 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 | −0.0552% | 1h | 1.1831 | −0.076% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0048% | 4h | 1.1828 | −0.101% | $21K | $7K | 10x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0059% | 1h | 1.1843 | +0.028% | $251K | $552K | 25x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1830 | −0.088% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1847 | +0.059% | $37.6M | $6.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1838 | −0.019% | $158K | $154K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1838 | −0.014% | $138K | $182K | 5x | as long as short |
| Binance ZROUSDTshort | +0.0100% | 4h | 1.1828 | −0.105% | $22.2M | $31.8M | 75x | |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1818 | −0.186% | $18.1M | $14.9M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1830 | −0.084% | $3.2M | $8.5M | 20x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Kraken Futures PF_ZROUSD
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Bybit ZROUSDT
OKX ZRO-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1840 | 0.000% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1830 | −0.084% | $19.1M | $3.1M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1837 | −0.025% | $2.9M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1830 | −0.084% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1833 | −0.059% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1838 | −0.017% | $100K | $207K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1830 | −0.083% | $2.3M | $859K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1850 | +0.084% | $37K | $681K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1832 | −0.068% | $88K | $904K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1825 | −0.127% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDTlong | +0.0122% | 4h | 1.1840 | long leg | $1.1M | $263K | 75x | |
| dYdX ZRO-USD | +0.0147% | 1h | 1.1840 | +0.004% | $21K | $2K | 5x | as long as short |
| Nado ZRO-PERP | +0.0163% | 1h | 1.1824 | −0.135% | $1.3M | $125K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1832 | −0.065% | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERP | +0.0980% | 1h | 1.1890 | +0.422% | $12K | $218K | 12x | as long as short |
| Extended ZRO-USD | +0.2488% | 1h | 1.1827 | −0.106% | $784K | $541K | 10x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
dYdX ZRO-USD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP
Extended ZRO-USD