Funding you earn now, next payment 08:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.20 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against Bybit−0.076%82s7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as 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−$710.713% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.076%, 7d avg +0.030%
=Funding pays, the price is against you. BloFin is 0.106% cheaper against Bybit than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of +0.030%). If the spread goes back, that is −$11 on $10k: about 8.7 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.005% in total) that is about 5 months. 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 | Bybit ZROUSDT | 1.1820 | 0.0100 | pay 0.0050% / 4h | 3h 59m | $18.1M | $13.2M | 50x |
| Short | BloFin ZRO-USDT | 1.1811 | 0.0141 | get 0.0070% / 4h | 3h 59m | $1.0M | $199K | 75x |
Bybit ZROUSDT
BloFin ZRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $8.54
- Price spread: −0.076% → +0.030%
- −$10.6
- Slippage, 4 orders
- −$48.26
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$73.33
- Costs to cover
- 0.713%
- Break-even
- 67.1 days
Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 7 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, 4 min ago | 0.42 bp | 17.3 bp −$17 | 43.2 bp −$432 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 7 min ago | 1.70 bp | 22.5 bp −$22 | 44.0 bp −$440 | 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 | −0.0016% | 1h | 1.1816 | −0.036% | $4K | $5K | 5x | as long as short |
| dYdX ZRO-USD | +0.0005% | 1h | 1.1822 | +0.016% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0081% | 4h | 1.1810 | −0.085% | $21K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1833 | +0.113% | $4.4M | $1.2M | 5x | as long as short |
| Nado ZRO-PERP | +0.0100% | 1h | 1.1813 | −0.056% | $1.3M | $128K | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1840 | +0.169% | $37.5M | $5.3M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1820 | +0.002% | $159K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1812 | −0.066% | $139K | $165K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1823 | +0.025% | $22.1M | $28.9M | 75x | as long as short |
| Bybit ZROUSDTlong | +0.0100% | 4h | 1.1820 | long leg | $18.1M | $13.2M | 50x |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
Nado ZRO-PERP
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1826 | +0.051% | $3.2M | $7.8M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1800 | −0.169% | $1.3M | $1.4M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1812 | −0.068% | $19.4M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1818 | −0.017% | $2.4M | $2.2M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1816 | −0.034% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1814 | −0.051% | — | $21.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1801 | −0.157% | $2.3M | $759K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1840 | +0.169% | $40K | $668K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1819 | −0.008% | $100K | $811K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1801 | −0.164% | $21K | — | 3x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0122% | 1h | 1.1820 | 0.000% | $98K | $218K | 20x | as long as short |
| BloFin ZRO-USDTshort | +0.0141% | 4h | 1.1811 | −0.076% | $1.0M | $199K | 75x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0294% / S −0.2341% | 1h | 1.1812 | −0.070% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0426% | 1h | 1.1828 | +0.068% | $265K | $302K | 25x | as long as short |
| Extended ZRO-USD | +0.0448% | 1h | 1.1810 | −0.084% | $807K | $647K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1271% | 1h | 1.1850 | +0.254% | $12K | $261K | 12x | as long as short |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Backpack ZRO_USDC_PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP