Funding you earn now, next payment 04:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h −0.006%
Price spread now: Bybit against BloFin+0.068%82s7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as 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−$560.560% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.223%+$22 · spread now +0.068%, 7d avg −0.033%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Bybit is 0.101% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.033%. 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 | BloFin ZRO-USDT | 1.1758 | 0.0090 | pay 0.0045% / 4h | 1m 51s | $1.1M | $250K | 75x |
| Short | Bybit ZROUSDT | 1.1766 | 0.0100 | get 0.0050% / 4h | 1m 51s | $18.0M | $13.9M | 50x |
BloFin ZRO-USDT
Bybit ZROUSDTFunding 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
- $2.05
- Price spread: +0.068% → −0.033%
- $10.08
- Slippage, 4 orders
- −$32.97
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$43.84
- Costs to cover
- 0.560%
- Break-even
- 157.0 days
Slippage from BloFin: live order book, just now; Bybit: live order book, 2 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 | 18.9 bp −$19 | 36.3 bp −$363 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.85 bp | 9.4 bp −$9 | 42.3 bp −$423 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0036% | 1h | 1.1768 | +0.083% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0044% | 4h | 1.1768 | +0.085% | $21K | $5K | 10x | as long as short |
| BloFin ZRO-USDTlong | +0.0090% | 4h | 1.1758 | long leg | $1.1M | $250K | 75x | |
| Lighter ZRO | +0.0096% | 1h | 1.1787 | +0.250% | $4.4M | $1.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1771 | +0.111% | $159K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1769 | +0.090% | $137K | $178K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1766 | +0.071% | $22.1M | $29.8M | 75x | as long as short |
| Bybit ZROUSDTshort | +0.0100% | 4h | 1.1766 | +0.068% | $18.0M | $13.9M | 50x | |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1776 | +0.153% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1760 | +0.017% | $1.3M | $1.5M | 75x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Binance 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 | 1.1766 | +0.068% | $19.3M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1759 | +0.009% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1770 | +0.102% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1768 | +0.085% | — | $16.4M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1771 | +0.111% | $101K | $219K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1713 | −0.383% | $2.3M | $810K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1720 | −0.323% | $39K | $673K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1776 | +0.153% | $100K | $851K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1768 | +0.085% | $21K | — | 3x | as long as short |
| 01 Exchange ZROUSD | +0.0144% | 1h | 1.1781 | +0.198% | $7K | $3K | 5x | as long as short |
| Nado ZRO-PERP | +0.0191% | 1h | 1.1770 | +0.103% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1764 | +0.052% | $3K | — | 100x | as long as short |
| Hyperliquid ZRO | +0.0313% | 1h | 1.1790 | +0.272% | $37.4M | $5.5M | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0378% | 1h | 1.1773 | +0.128% | $259K | $390K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.1186% | 1h | 1.1770 | +0.102% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1208% | 1h | 1.1763 | +0.045% | $784K | $589K | 10x | as long as short |
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
01 Exchange ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Hyperliquid ZRO
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP
Extended ZRO-USD