Funding you earn now, next payment 04:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Gate−0.048%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$840.844% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 7 days+0.015%+$1 · spread now −0.048%, 7d avg −0.026%
=Funding pays, the price is against you. Binance is 0.022% cheaper against Gate than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of −0.026%). If the spread goes back, that is −$2 on $10k: about 7.2 days of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ZRO_USDT | 1.1770 | 0.0090 | pay 0.0045% / 4h | 1h 18m | $1.4M | $1.5M | 75x |
| Short | Binance ZROUSDT | 1.1764 | 0.0100 | get 0.0050% / 4h | 1h 18m | $22.0M | $29.8M | 75x |
Gate ZRO_USDT
Binance ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $2.1
- Price spread: −0.048% → −0.026%
- −$2.17
- Slippage, 4 orders
- −$59.38
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$84.45
- Costs to cover
- 0.844%
- Break-even
- 288.5 days
Slippage from Gate: live order book, 4 min ago; Binance: live order book, 8 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 Gate live order book, 4 min ago | 8.52 bp | 29.7 bp −$30 | 65.4 bp −$654 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.43 bp | 13.2 bp −$13 | 27.7 bp −$277 | 226.1 bp −$22.6K | 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 | −0.0304% | 1h | 1.1789 | +0.161% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | +0.0030% | 1h | 1.1778 | +0.065% | $21K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0036% | 4h | 1.1764 | −0.051% | $21K | $5K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0070% | 4h | 1.1755 | −0.127% | $1.1M | $250K | 75x | as long as short |
| Gate ZRO_USDTlong | +0.0090% | 4h | 1.1770 | long leg | $1.4M | $1.5M | 75x | |
| Lighter ZRO | +0.0096% | 1h | 1.1797 | +0.225% | $4.4M | $1.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1780 | +0.085% | $159K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1777 | +0.057% | $137K | $176K | 5x | as long as short |
| Binance ZROUSDTshort | +0.0100% | 4h | 1.1764 | −0.048% | $22.0M | $29.8M | 75x | |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1762 | −0.068% | $17.9M | $14.0M | 50x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Bybit 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 | 1.1758 | −0.102% | $3.2M | $8.0M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1779 | +0.076% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1775 | +0.042% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1768 | −0.017% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1769 | −0.008% | — | $16.4M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1784 | +0.119% | $97K | $195K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1734 | −0.303% | $2.3M | $810K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1750 | −0.170% | $39K | $672K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1784 | +0.119% | $99K | $846K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1762 | −0.069% | $21K | — | 3x | as long as short |
| Hyperliquid ZRO | +0.0180% | 1h | 1.1790 | +0.170% | $37.3M | $5.5M | 5x | as long as short |
| Nado ZRO-PERP | +0.0195% | 1h | 1.1779 | +0.075% | $1.3M | $124K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0197% | 1h | 1.1775 | +0.046% | $259K | $407K | 25x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1760 | −0.081% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0696% | 1h | 1.1755 | −0.127% | $784K | $591K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1102% | 1h | 1.1810 | +0.340% | $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
Hyperliquid ZRO
Nado ZRO-PERP
Kraken Futures PF_ZROUSD
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP