Funding you earn now, next payment 01:00 UTC−0.1284%/8h= −140.6% APRpaid last 24h −0.102%
Price spread now: Bybit against Extended+0.028%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$812as in the Funding arb table
Net, price: spread back to 7d avg − costs−$796as in the Price arb table
costs, in and out, $10k−$8007.998% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.028%, 7d avg −0.013%
=Together, before fees−0.216%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.041% dearer against Extended than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.013%): +$4 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.122% in total) that is about 2.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.122% in total (about -6.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ZRO-USD | 1.1749 | 0.1384 | pay 0.0173% / 1h | 41m 52s | $780K | $589K | 10x |
| Short | Bybit ZROUSDT | 1.1752 | 0.0100 | get 0.0050% / 4h | 3h 41m | $18.0M | $14.2M | 50x |
Extended ZRO-USD
Bybit ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. 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
- −$269.64
- Price spread: +0.028% → −0.013%
- $4.13
- Slippage, 4 orders
- −$783.79
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,065.31
- Costs to cover
- 7.998%
- Break-even
- never at this rate
Slippage from Extended: live order book, 31 min ago; Bybit: live order book, 2 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 Extended live order book, 31 min ago | 13.16 bp | 747.4 bp −$747 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.85 bp | 13.3 bp −$13 | 40.6 bp −$406 | 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 | −0.0136% | 1h | 1.1759 | +0.085% | $7K | $3K | 5x | as long as short |
| Gate ZRO_USDT | −0.0046% | 4h | 1.1740 | −0.074% | $1.3M | $1.5M | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0012% | 4h | 1.1764 | +0.130% | $21K | $6K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0070% | 4h | 1.1752 | +0.028% | $1.1M | $256K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1768 | +0.162% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1770 | +0.179% | $37.3M | $5.9M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1766 | +0.148% | $157K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1756 | +0.058% | $136K | $171K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1760 | +0.093% | $22.1M | $30.4M | 75x | as long as short |
| Bybit ZROUSDTshort | +0.0100% | 4h | 1.1752 | +0.028% | $18.0M | $14.2M | 50x |
01 Exchange ZROUSD
Gate ZRO_USDT
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Lighter ZRO
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 | 1.1750 | +0.011% | $3.2M | $8.1M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1758 | +0.079% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1749 | +0.002% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1751 | +0.019% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1756 | +0.062% | — | $14.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1735 | −0.119% | $2.3M | $869K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1740 | −0.074% | $37K | $688K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1768 | +0.164% | $91K | $830K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1760 | +0.096% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0159% | 1h | 1.1754 | +0.046% | $21K | $3K | 5x | as long as short |
| Nado ZRO-PERP | +0.0242% | 1h | 1.1756 | +0.066% | $1.3M | $129K | 5x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0282% | 1h | 1.1769 | +0.173% | $99K | $206K | 20x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1764 | +0.130% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0302% | 1h | 1.1772 | +0.200% | $252K | $411K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.1190% | 1h | 1.1780 | +0.266% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USDlong | +0.1384% | 1h | 1.1749 | long leg | $780K | $589K | 10x |
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
dYdX ZRO-USD
Nado ZRO-PERP
Backpack ZRO_USDC_PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP