Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Bybit−0.043%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$420.423% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 7 days+0.013%+$1 · spread now −0.043%, 7d avg +0.025%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.068% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZROUSDT | 1.1672 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $17.8M | $13.6M | 50x |
| Short | MEXC ZRO_USDT | 1.1667 | 0.0100 | get 0.0050% / 4h | 2h 55m | $19.1M | $2.7M | 125x |
Bybit ZROUSDT
MEXC ZRO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $0
- Price spread: −0.043% → +0.025%
- −$6.81
- Slippage, 4 orders
- −$31.29
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$49.09
- Costs to cover
- 0.423%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago | 1.29 bp | 17.5 bp −$18 | 46.8 bp −$468 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.86 bp | 5.2 bp −$5 | 44.1 bp −$441 | 84.5 bp −$8,450 | 372.3 bp −$186.2K |
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 | 0.0000% | 1h | 1.1687 | +0.130% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0058% | 4h | 1.1680 | +0.069% | $20K | $4K | 10x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1682 | +0.086% | $37.0M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1688 | +0.140% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1677 | +0.046% | $137K | $180K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1671 | −0.010% | $21.8M | $29.6M | 75x | as long as short |
| Bybit ZROUSDTlong | +0.0100% | 4h | 1.1672 | long leg | $17.8M | $13.6M | 50x | |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1664 | −0.069% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1680 | +0.069% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDTshort | +0.0100% | 4h | 1.1667 | −0.043% | $19.1M | $2.7M | 125x |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Hyperliquid 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1681 | +0.077% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1676 | +0.034% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1678 | +0.051% | — | $16.6M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1672 | 0.000% | $94K | $219K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1670 | −0.013% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1680 | +0.069% | $39K | $676K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1680 | +0.069% | $99K | $826K | 5x | as long as short |
| Lighter ZRO | +0.0104% | 1h | 1.1700 | +0.237% | $4.4M | $1.2M | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1670 | −0.021% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0120% | 4h | 1.1694 | +0.188% | $1.1M | $249K | 75x | as long as short |
| 01 Exchange ZROUSD | +0.0144% | 1h | 1.1680 | +0.069% | $7K | $3K | 5x | as long as short |
| Nado ZRO-PERP | +0.0265% | 1h | 1.1674 | +0.020% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1676 | +0.032% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0704% | 1h | 1.1680 | +0.067% | $255K | $356K | 25x | as long as short |
| Extended ZRO-USD | +0.1040% | 1h | 1.1670 | −0.015% | $800K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1343% | 1h | 1.1730 | +0.497% | $12K | $260K | 12x | as long as short |
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Lighter ZRO
Aevo ZRO-PERP
BloFin ZRO-USDT
01 Exchange ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP