Funding you earn now, next payment 04:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.37 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bybit+0.102%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1401.395% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 7 days−0.083%−$8 · spread now +0.102%, 7d avg +0.032%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.071% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZROUSDT | 1.1745 | 0.0025 | pay 0.0013% / 4h | 1h 31m | $17.9M | $14.0M | 50x |
| Short | KuCoin ZROUSDTM | 1.1757 | 0.0100 | get 0.0050% / 4h | 1h 31m | $2.4M | $2.0M | 50x |
Bybit ZROUSDT
KuCoin ZROUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $15.65
- Price spread: +0.102% → +0.032%
- $7.06
- Slippage, 4 orders
- −$116.54
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$116.84
- Costs to cover
- 1.395%
- Break-even
- 59.3 days
Slippage from Bybit: live order book, 2 min ago; KuCoin: 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 Bybit live order book, 2 min ago | 0.43 bp | 14.9 bp −$15 | 39.3 bp −$393 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 5.53 bp | 49.6 bp −$50 | 157.1 bp −$1,571 | 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 | −0.0472% | 1h | 1.1749 | +0.033% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1746 | +0.010% | $21K | $3K | 5x | as long as short |
| Bybit ZROUSDTlong | +0.0025% | 4h | 1.1745 | long leg | $17.9M | $14.0M | 50x | |
| Orderly PERP_ZRO_USDC | +0.0036% | 4h | 1.1745 | 0.000% | $21K | $5K | 10x | as long as short |
| Gate ZRO_USDT | +0.0042% | 4h | 1.1740 | −0.043% | $1.3M | $1.5M | 75x | as long as short |
| BloFin ZRO-USDT | +0.0084% | 4h | 1.1745 | 0.000% | $1.1M | $250K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1762 | +0.143% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1760 | +0.128% | $37.2M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1747 | +0.018% | $158K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1750 | +0.043% | $137K | $175K | 5x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Gate ZRO_USDT
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 ZROUSDT | +0.0100% | 4h | 1.1750 | +0.041% | $22.0M | $29.9M | 75x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1749 | +0.034% | $3.2M | $8.0M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1751 | +0.051% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTMshort | +0.0100% | 4h | 1.1757 | +0.102% | $2.4M | $2.0M | 50x | |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1743 | −0.017% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1749 | +0.034% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1750 | +0.043% | $95K | $211K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1732 | −0.109% | $2.3M | $813K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1740 | −0.043% | $39K | $673K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1755 | +0.085% | $100K | $849K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1735 | −0.085% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0183% | 1h | 1.1751 | +0.049% | $1.3M | $127K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0197% | 1h | 1.1748 | +0.028% | $258K | $407K | 25x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1754 | +0.073% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0584% | 1h | 1.1751 | +0.052% | $784K | $591K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1102% | 1h | 1.1780 | +0.298% | $12K | $260K | 12x | as long as short |
Binance ZROUSDT
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
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