Funding you earn now, next payment 04:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.10 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Gate+0.102%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$990.987% of the position
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 7 days−0.074%−$7 · spread now +0.102%, 7d avg −0.042%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.144% dearer against Gate than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.042%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ZRO_USDT | 1.1730 | 0.0080 | pay 0.0040% / 4h | 1h 20m | $1.3M | $1.5M | 75x |
| Short | Bitget ZROUSDT | 1.1742 | 0.0100 | get 0.0050% / 4h | 1h 20m | $2.7M | $2.5M | 75x |
Gate ZRO_USDT
Bitget ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $4.2
- Price spread: +0.102% → −0.042%
- $14.42
- Slippage, 4 orders
- −$71.74
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$80.12
- Costs to cover
- 0.987%
- Break-even
- 140.5 days
Slippage from Gate: live order book, 2 min ago; Bitget: 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 Gate live order book, 2 min ago | 8.52 bp | 29.7 bp −$30 | 65.4 bp −$654 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.56 bp | 20.9 bp −$21 | 41.3 bp −$413 | 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 | −0.0328% | 1h | 1.1741 | +0.095% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | +0.0026% | 1h | 1.1742 | +0.099% | $21K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0036% | 4h | 1.1740 | +0.085% | $21K | $5K | 10x | as long as short |
| Gate ZRO_USDTlong | +0.0080% | 4h | 1.1730 | long leg | $1.3M | $1.5M | 75x | |
| BloFin ZRO-USDT | +0.0082% | 4h | 1.1739 | +0.077% | $1.1M | $250K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1759 | +0.244% | $4.4M | $1.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1743 | +0.110% | $158K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1742 | +0.106% | $136K | $176K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1740 | +0.082% | $22.0M | $29.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1740 | +0.085% | $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
Binance ZROUSDT
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 | 1.1736 | +0.051% | $3.2M | $8.0M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1740 | +0.085% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1740 | +0.085% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDTshort | +0.0100% | 4h | 1.1742 | +0.102% | $2.7M | $2.5M | 75x | |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1741 | +0.094% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1745 | +0.128% | $97K | $195K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1734 | +0.037% | $2.3M | $810K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1720 | −0.085% | $39K | $672K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1757 | +0.230% | $99K | $846K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1736 | +0.049% | $21K | — | 3x | as long as short |
| Hyperliquid ZRO | +0.0145% | 1h | 1.1759 | +0.247% | $37.2M | $5.5M | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0197% | 1h | 1.1751 | +0.176% | $258K | $407K | 25x | as long as short |
| Nado ZRO-PERP | +0.0208% | 1h | 1.1747 | +0.148% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1735 | +0.046% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0680% | 1h | 1.1738 | +0.066% | $784K | $591K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1102% | 1h | 1.1790 | +0.512% | $12K | $260K | 12x | as long as short |
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Hyperliquid ZRO
Kraken Futures PF_ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP