Funding you earn now, next payment 04:00 UTC+0.0163%/8h= +17.8% APRnext payment +$0.81 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit+0.078%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$630.629% of the position
Funding, last 7 days−0.015%−$2 on $10k
+Price spread, last 7 days−0.085%−$8 · spread now +0.078%, 7d avg +0.023%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Binance is 0.055% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZROUSDT | 1.1708 | −0.0063 | get 0.0031% / 4h | 1h 42m | $17.9M | $14.0M | 50x |
| Short | Binance ZROUSDT | 1.1717 | 0.0100 | get 0.0050% / 4h | 1h 42m | $21.9M | $29.9M | 75x |
Bybit ZROUSDT
Binance ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $34.2
- Price spread: +0.078% → +0.023%
- $5.47
- Slippage, 4 orders
- −$41.91
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$23.23
- Costs to cover
- 0.629%
- Break-even
- 11.8 days
Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 14 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 Bybit live order book, 1 min ago | 0.43 bp | 14.8 bp −$15 | 39.5 bp −$395 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 1.28 bp | 15.5 bp −$16 | 34.1 bp −$341 | 236.7 bp −$23.7K | 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 | −0.0560% | 1h | 1.1686 | −0.184% | $7K | $3K | 5x | as long as short |
| Bybit ZROUSDTlong | −0.0063% | 4h | 1.1708 | long leg | $17.9M | $14.0M | 50x | |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1702 | −0.053% | $21K | $3K | 5x | as long as short |
| Gate ZRO_USDT | +0.0014% | 4h | 1.1700 | −0.068% | $1.3M | $1.5M | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0034% | 4h | 1.1713 | +0.043% | $21K | $5K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0087% | 4h | 1.1713 | +0.043% | $1.1M | $249K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1727 | +0.164% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1728 | +0.167% | $37.1M | $5.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1717 | +0.079% | $158K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1703 | −0.043% | $136K | $170K | 5x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Gate ZRO_USDT
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZROShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ZROUSDTshort | +0.0100% | 4h | 1.1717 | +0.078% | $21.9M | $29.9M | 75x | |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1716 | +0.068% | $3.2M | $8.0M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1712 | +0.034% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1707 | −0.009% | $2.3M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1710 | +0.017% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1710 | +0.017% | — | $16.4M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1720 | +0.102% | $95K | $210K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1661 | −0.402% | $2.3M | $813K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1690 | −0.154% | $39K | $674K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1706 | −0.017% | $99K | $851K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1690 | −0.150% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0194% | 1h | 1.1703 | −0.044% | $1.3M | $127K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0198% | 1h | 1.1726 | +0.157% | $258K | $407K | 25x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1722 | +0.118% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0560% | 1h | 1.1714 | +0.048% | $785K | $591K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1102% | 1h | 1.1750 | +0.359% | $12K | $260K | 12x | as long as short |
OKX ZRO-USDT-SWAP
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
Nado ZRO-PERP
Kraken Futures PF_ZROUSD
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP