Funding you earn now, next payment 00:00 UTC−0.0015%/8h= −1.7% APRnext payment −$0.08 per $10,000 · paid last 24h +0.010%
Price spread now: BloFin against MEXC+0.118%49s7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as 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−$360.362% of the position
Funding, last 7 days+0.022%+$2 on $10k
+Price spread, last 3 days (all we have)−0.444%−$44 · spread now +0.118%, 7d avg −0.014%
=The price spread pays, funding is against you. BloFin is 0.132% dearer against MEXC than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of −0.014%): +$13 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 29 days. The two prices were read 49 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 | MEXC ZRO_USDT | 1.1848 | 0.0100 | pay 0.0050% / 4h | 2h 20m | $19.1M | $3.5M | 125x |
| Short | BloFin ZRO-USDT | 1.1862 | 0.0085 | get 0.0042% / 4h | 2h 20m | $1.1M | $266K | 75x |
MEXC ZRO_USDT
BloFin ZRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- −$3.22
- Price spread: +0.118% → −0.014%
- $13.21
- Slippage, 4 orders
- −$24.23
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$26.23
- Costs to cover
- 0.362%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; BloFin: 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 MEXC live order book, 3 min ago | 0.42 bp | 5.5 bp −$5 | 18.3 bp −$183 | 74.0 bp −$7,404 | 275.0 bp −$137.5K |
| Sell BloFin live order book, 2 min ago | 0.42 bp | 16.7 bp −$17 | 39.2 bp −$392 | 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 | −0.0400% | 1h | 1.1844 | −0.036% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0051% | 4h | 1.1858 | +0.084% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0030% | 1h | 1.1860 | +0.105% | $21K | $2K | 5x | as long as short |
| BloFin ZRO-USDTshort | +0.0085% | 4h | 1.1862 | +0.118% | $1.1M | $266K | 75x | |
| Lighter ZRO | +0.0096% | 1h | 1.1859 | +0.090% | $4.6M | $1.3M | 5x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0098% | 4h | 1.1850 | +0.017% | $3.2M | $9.1M | 20x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1861 | +0.110% | $37.6M | $6.7M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1857 | +0.076% | $158K | $160K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1855 | +0.056% | $144K | $193K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1848 | −0.001% | $22.4M | $33.3M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
Lighter ZRO
OKX ZRO-USDT-SWAP
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZROUSDT | +0.0100% | 4h | 1.1846 | −0.017% | $18.2M | $15.6M | 50x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1860 | +0.101% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDTlong | +0.0100% | 4h | 1.1848 | long leg | $19.1M | $3.5M | 125x | |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1861 | +0.110% | $3.0M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1860 | +0.101% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1848 | 0.000% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1863 | +0.127% | $93K | $205K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1827 | −0.177% | $2.3M | $862K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1850 | +0.017% | $37K | $680K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1861 | +0.110% | $87K | $920K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1854 | +0.052% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0160% | 1h | 1.1840 | −0.064% | $1.3M | $131K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1856 | +0.067% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0316% | 1h | 1.1867 | +0.160% | $251K | $572K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1910 | +0.523% | $12K | $175K | 12x | as long as short |
| Extended ZRO-USD | +0.1576% | 1h | 1.1844 | −0.038% | $784K | $555K | 10x | as long as short |
Bybit ZROUSDT
Gate 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
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP
Extended ZRO-USD