Funding you earn now, next payment 04:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.18 per $10,000 · paid last 24h +0.006%
Price spread now: BloFin against KuCoin+0.111%95s7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1341.343% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.499%−$50 · spread now +0.111%, 7d avg −0.027%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.138% dearer against KuCoin than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.027%. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ZROUSDTM | 1.1726 | 0.0100 | pay 0.0050% / 4h | 21m 29s | $2.4M | $2.0M | 50x |
| Short | BloFin ZRO-USDT | 1.1739 | 0.0136 | get 0.0068% / 4h | 21m 29s | $1.0M | $249K | 75x |
KuCoin ZROUSDTM
BloFin ZRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. 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
- $7.57
- Price spread: +0.111% → −0.027%
- $13.83
- Slippage, 4 orders
- −$110.31
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$112.91
- Costs to cover
- 1.343%
- Break-even
- 111.4 days
Slippage from KuCoin: live order book, 5 min ago; BloFin: live order book, 1 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 KuCoin live order book, 5 min ago | 6.83 bp | 53.0 bp −$53 | 149.5 bp −$1,495 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 1.28 bp | 19.3 bp −$19 | 24.9 bp −$249 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0018% | 1h | 1.1728 | +0.015% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0037% | 4h | 1.1731 | +0.043% | $21K | $5K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1739 | +0.107% | $4.4M | $1.2M | 5x | as long as short |
| 01 Exchange ZROUSD | +0.0096% | 1h | 1.1721 | −0.047% | $7K | $3K | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1731 | +0.043% | $158K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1720 | −0.048% | $136K | $177K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1721 | −0.040% | $22.0M | $29.9M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1708 | −0.154% | $17.9M | $13.8M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1713 | −0.111% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1710 | −0.136% | $1.3M | $1.5M | 75x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
01 Exchange ZROUSD
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1721 | −0.043% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTMlong | +0.0100% | 4h | 1.1726 | long leg | $2.4M | $2.0M | 50x | |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1711 | −0.128% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1719 | −0.060% | — | $16.4M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1718 | −0.068% | $96K | $217K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1713 | −0.112% | $2.3M | $810K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1760 | +0.290% | $39K | $670K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1724 | −0.017% | $100K | $851K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1730 | +0.034% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDTshort | +0.0136% | 4h | 1.1739 | +0.111% | $1.0M | $249K | 75x | |
| Nado ZRO-PERP | +0.0203% | 1h | 1.1717 | −0.078% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1728 | +0.019% | $3K | — | 100x | as long as short |
| Hyperliquid ZRO | +0.0363% | 1h | 1.1734 | +0.068% | $37.1M | $5.5M | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0379% | 1h | 1.1738 | +0.104% | $258K | $399K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.1186% | 1h | 1.1800 | +0.631% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1192% | 1h | 1.1709 | −0.147% | $784K | $589K | 10x | as long as short |
MEXC ZRO_USDT
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Hyperliquid ZRO
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP
Extended ZRO-USD