Funding you earn now, next payment 08:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.28 per $10,000 · paid last 24h −0.004%
Price spread now: BingX against BloFin+0.361%96s7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as 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−$550.548% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 4 days (all we have)−0.233%−$23 · spread now +0.361%, 7d avg −0.005%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.365% dearer against BloFin than usual: you sell high and buy low: +$37 more if the spread goes back to its 7-day average of −0.005%. The two prices were read 96 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 ZRO-USDT | 1.1640 | 0.0044 | pay 0.0022% / 4h | 2h 19m | $1.0M | $249K | 75x |
| Short | BingX ZRO-USDT | 1.1682 | 0.0100 | get 0.0050% / 4h | 2h 19m | — | $16.5M | — |
BloFin ZRO-USDT
BingX ZRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $11.74
- Price spread: +0.361% → −0.005%
- $36.54
- Slippage, 4 orders
- −$32.8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$6.52
- Costs to cover
- 0.548%
- Break-even
- 10.9 days
Slippage from BloFin: live order book, 3 min ago; BingX: live order book, 4 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, 3 min ago | 0.86 bp | 10.9 bp −$11 | 27.7 bp −$277 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 2.59 bp | 10.7 bp −$11 | 14.2 bp −$142 | 24.9 bp −$2,487 | 58.2 bp −$29.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0009% | 1h | 1.1688 | +0.416% | $21K | $5K | 5x | as long as short |
| BloFin ZRO-USDTlong | +0.0044% | 4h | 1.1640 | long leg | $1.0M | $249K | 75x | |
| Orderly PERP_ZRO_USDC | +0.0068% | 4h | 1.1676 | +0.309% | $20K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1709 | +0.590% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1695 | +0.473% | $37.1M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1687 | +0.406% | $157K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1687 | +0.404% | $137K | $175K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1687 | +0.406% | $21.8M | $29.4M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1681 | +0.352% | $17.9M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1688 | +0.412% | $3.2M | $7.8M | 20x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
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 | 1.1670 | +0.258% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1686 | +0.395% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1682 | +0.361% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1678 | +0.326% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDTshort | +0.0100% | 4h | 1.1682 | +0.361% | — | $16.5M | — | |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1685 | +0.387% | $94K | $221K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1633 | −0.056% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1580 | −0.515% | $39K | $676K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1679 | +0.335% | $102K | $815K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1658 | +0.156% | $21K | — | 3x | as long as short |
| 01 Exchange ZROUSD | +0.0112% | 1h | 1.1680 | +0.347% | $4K | $5K | 5x | as long as short |
| Nado ZRO-PERP | +0.0179% | 1h | 1.1677 | +0.320% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1679 | +0.333% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0704% | 1h | 1.1685 | +0.390% | $253K | $335K | 25x | as long as short |
| Extended ZRO-USD | +0.0992% | 1h | 1.1690 | +0.431% | $799K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1343% | 1h | 1.1630 | −0.086% | $12K | $261K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
01 Exchange ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP