Funding you earn now, next payment 22:00 UTC−0.0130%/8h= −14.2% APRpaid last 24h 0.000%
Price spread now: Bybit against Polymarket Perps−0.170%7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$420.423% of the position
Funding, last 7 days+0.118%+$12 on $10k
+Price spread, last 3 days (all we have)−0.120%−$12 · spread now −0.170%, 7d avg −0.104%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.066% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.104%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.118%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ZRO-USD | 1.1748 | 0.0100 | pay 0.0013% / 1h | 51m 46s | $86K | $1.0M | 5x |
| Short | Bybit ZROUSDT | 1.1728 | −0.0030 | pay 0.0015% / 4h | 2h 51m | $18.0M | $16.3M | 50x |
Polymarket Perps ZRO-USD
Bybit ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Polymarket Perps. 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
- −$27.24
- Price spread: −0.170% → −0.104%
- −$6.6
- Slippage, 4 orders
- −$23.26
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$76.09
- Costs to cover
- 0.423%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 1 min ago; Bybit: 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 Polymarket Perps live order book, 1 min ago | 2.13 bp | 6.1 bp −$6 | 17.2 bp −$172 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.43 bp | 16.0 bp −$16 | 38.5 bp −$385 | 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 | −0.0104% | 1h | 1.1724 | −0.208% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0038% | 4h | 1.1748 | 0.000% | $21K | $7K | 10x | as long as short |
| Bybit ZROUSDTshort | −0.0030% | 4h | 1.1728 | −0.170% | $18.0M | $16.3M | 50x | |
| OKX ZRO-USDT-SWAP | −0.0010% | 4h | 1.1739 | −0.077% | $3.2M | $9.2M | 20x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1758 | +0.088% | $21K | $2K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0061% | 4h | 1.1750 | +0.017% | $1.1M | $265K | 75x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1754 | +0.051% | $37.3M | $7.1M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1755 | +0.057% | $157K | $163K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1747 | −0.010% | $143K | $201K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1740 | −0.066% | $22.2M | $34.4M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
OKX ZRO-USDT-SWAP
dYdX ZRO-USD
BloFin ZRO-USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1740 | −0.068% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1742 | −0.051% | $19.0M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1739 | −0.077% | $2.6M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1743 | −0.043% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1738 | −0.085% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1747 | −0.009% | $92K | $209K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1766 | +0.153% | $2.2M | $893K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1770 | +0.187% | $37K | $683K | 50x | as long as short |
| Polymarket Perps ZRO-USDlong | +0.0100% | 1h | 1.1748 | long leg | $86K | $1.0M | 5x | |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1768 | +0.171% | $21K | — | 3x | as long as short |
| Lighter ZRO | +0.0144% | 1h | 1.1750 | +0.020% | $4.6M | $1.2M | 5x | as long as short |
| Nado ZRO-PERP | +0.0240% | 1h | 1.1742 | −0.052% | $1.3M | $131K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1754 | +0.047% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0319% | 1h | 1.1756 | +0.068% | $249K | $574K | 25x | as long as short |
| Extended ZRO-USD | +0.0592% | 1h | 1.1740 | −0.068% | $780K | $560K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1830 | +0.698% | $12K | $145K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Aevo ZRO-PERP
Lighter ZRO
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP