Funding you earn now, next payment 00:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.20 per $10,000 · paid last 24h +0.010%
Price spread now: BloFin against Gate+0.043%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$830.830% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 3 days (all we have)−0.179%−$18 · spread now +0.043%, 7d avg −0.015%
=The price spread pays, funding is against you. BloFin is 0.057% dearer against Gate than usual: you sell high and buy low (spread +0.043% now, against its 7-day average of −0.015%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ZRO_USDT | 1.1740 | 0.0100 | pay 0.0050% / 4h | 6m 42s | $1.3M | $1.8M | 75x |
| Short | BloFin ZRO-USDT | 1.1745 | 0.0061 | get 0.0030% / 4h | 6m 42s | $1.1M | $256K | 75x |
Gate ZRO_USDT
BloFin ZRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$8.23
- Price spread: +0.043% → −0.015%
- $5.74
- Slippage, 4 orders
- −$55.98
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$85.46
- Costs to cover
- 0.830%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; BloFin: 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 Gate live order book, 1 min ago | 8.52 bp | 20.6 bp −$21 | 63.8 bp −$638 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 0.43 bp | 18.0 bp −$18 | 30.9 bp −$309 | 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 | −0.0240% | 1h | 1.1739 | −0.005% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0012% | 4h | 1.1749 | +0.077% | $21K | $7K | 10x | as long as short |
| BloFin ZRO-USDTshort | +0.0061% | 4h | 1.1745 | +0.043% | $1.1M | $256K | 75x | |
| dYdX ZRO-USD | +0.0092% | 1h | 1.1751 | +0.094% | $21K | $3K | 5x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1754 | +0.116% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1753 | +0.111% | $37.2M | $6.1M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1759 | +0.164% | $157K | $153K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1750 | +0.085% | $136K | $173K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1746 | +0.049% | $22.1M | $30.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1744 | +0.034% | $17.9M | $14.4M | 50x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
Lighter ZRO
Hyperliquid 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 | 1.1746 | +0.051% | $3.2M | $8.1M | 20x | as long as short |
| Gate ZRO_USDTlong | +0.0100% | 4h | 1.1740 | long leg | $1.3M | $1.8M | 75x | |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1746 | +0.051% | $19.1M | $2.8M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1742 | +0.017% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1759 | +0.162% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1748 | +0.068% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1753 | +0.111% | $97K | $205K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1719 | −0.181% | $2.3M | $879K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1750 | +0.085% | $37K | $688K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1746 | +0.051% | $94K | $823K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1745 | +0.045% | $21K | — | 3x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0133% | 1h | 1.1764 | +0.207% | $252K | $419K | 25x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1750 | +0.083% | $3K | — | 100x | as long as short |
| Nado ZRO-PERP | +0.0303% | 1h | 1.1737 | −0.023% | $1.3M | $124K | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.1159% | 1h | 1.1790 | +0.426% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1912% | 1h | 1.1746 | +0.051% | $784K | $589K | 10x | 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
Kraken Futures PF_ZROUSD
GMX ZRO/USD [ETH-USDC]
Nado ZRO-PERP
Injective ZRO/USDC PERP
Extended ZRO-USD