Funding you earn now, next payment 00:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.09 per $10,000 · paid last 24h −0.010%
Price spread now: Gate against BloFin−0.126%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$880.879% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 3 days (all we have)+0.305%+$30 · spread now −0.126%, 7d avg +0.019%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.146% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.019%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ZRO-USDT | 1.1875 | 0.0118 | pay 0.0059% / 4h | 57m 04s | $1.1M | $258K | 75x |
| Short | Gate ZRO_USDT | 1.1860 | 0.0100 | get 0.0050% / 4h | 57m 04s | $1.4M | $1.8M | 75x |
BloFin ZRO-USDT
Gate ZRO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$3.86
- Price spread: −0.126% → +0.019%
- −$14.55
- Slippage, 4 orders
- −$60.95
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$106.36
- Costs to cover
- 0.879%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; Gate: 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, 5 min ago | 6.33 bp | 17.9 bp −$18 | 45.3 bp −$453 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 8.45 bp | 28.8 bp −$29 | 69.2 bp −$692 | 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 | −0.0144% | 1h | 1.1873 | −0.018% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0019% | 4h | 1.1869 | −0.051% | $21K | $7K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1871 | −0.030% | $4.4M | $1.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1875 | 0.000% | $159K | $154K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1868 | −0.059% | $138K | $181K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1868 | −0.060% | $22.3M | $31.3M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1868 | −0.059% | $18.1M | $14.7M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1868 | −0.059% | $3.2M | $8.4M | 20x | as long as short |
| Gate ZRO_USDTshort | +0.0100% | 4h | 1.1860 | −0.126% | $1.4M | $1.8M | 75x | |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1870 | −0.042% | $19.2M | $2.7M | 125x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
MEXC ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1863 | −0.101% | $2.5M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1868 | −0.059% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1870 | −0.042% | — | $10.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1837 | −0.321% | $2.3M | $850K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1830 | −0.379% | $37K | $686K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1875 | 0.000% | $89K | $815K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1868 | −0.057% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDTlong | +0.0118% | 4h | 1.1875 | long leg | $1.1M | $258K | 75x | |
| Kraken Futures PF_ZROUSD | +0.0131% | 1h | 1.1877 | +0.021% | $255K | $434K | 25x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0142% | 1h | 1.1878 | +0.025% | $101K | $208K | 20x | as long as short |
| Hyperliquid ZRO | +0.0213% | 1h | 1.1882 | +0.059% | $37.7M | $6.2M | 5x | as long as short |
| dYdX ZRO-USD | +0.0257% | 1h | 1.1866 | −0.078% | $21K | $2K | 5x | as long as short |
| Nado ZRO-PERP | +0.0261% | 1h | 1.1871 | −0.036% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1869 | −0.049% | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERP | +0.1159% | 1h | 1.1910 | +0.295% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1984% | 1h | 1.1866 | −0.073% | $784K | $558K | 10x | as long as short |
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Kraken Futures PF_ZROUSD
Backpack ZRO_USDC_PERP
Hyperliquid ZRO
dYdX ZRO-USD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP
Extended ZRO-USD