Funding you earn now, next payment 04:00 UTC−0.0175%/8h= −19.1% APRnext payment −$0.87 per $10,000 · paid last 24h +0.001%
Price spread now: Bybit against Variational Omni+0.661%7-day average +0.004% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.001%$0 on $10k
+Price spread, last 7 days−0.646%−$65 · spread now +0.661%, 7d avg +0.004%
=Together, before fees−0.645%+ Points / potential airdropVariational Omni: Active · farm board−$65 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.657% dearer against Variational Omni than usual: you sell high and buy low (spread +0.661% now, against its 7-day average of +0.004%): +$66 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ZRO | 1.1661 | 0.0100 | pay 0.0050% / 4h | 1h 44m | $2.3M | $813K | — |
| Short | Bybit ZROUSDT | 1.1738 | −0.0075 | pay 0.0037% / 4h | 1h 44m | $17.9M | $14.0M | 50x |
Variational Omni ZRO
Bybit ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Variational Omni. 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
- −$36.72
- Price spread: +0.661% → +0.004%
- $65.71
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $17.99
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Bybit: live order book, 4 min ago. Net counts fees only.
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 Variational Omni RFQ quote, 5 min ago | 5.32 bp | doesn't fit | 37.6 bp −$376 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.72 bp | 15.9 bp −$16 | 45.8 bp −$458 | 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 | −0.0568% | 1h | 1.1739 | +0.671% | $7K | $3K | 5x | as long as short |
| Bybit ZROUSDTshort | −0.0075% | 4h | 1.1738 | +0.661% | $17.9M | $14.0M | 50x | |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1785 | +1.067% | $21K | $3K | 5x | as long as short |
| Gate ZRO_USDT | +0.0022% | 4h | 1.1750 | +0.764% | $1.4M | $1.5M | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0035% | 4h | 1.1736 | +0.644% | $21K | $5K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1790 | +1.108% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1761 | +0.858% | $37.2M | $5.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1776 | +0.989% | $159K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1773 | +0.959% | $137K | $170K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1742 | +0.699% | $22.0M | $29.8M | 75x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Gate ZRO_USDT
Orderly PERP_ZRO_USDC
Lighter ZRO
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1741 | +0.686% | $3.2M | $8.0M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1756 | +0.815% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1757 | +0.824% | $2.3M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1737 | +0.652% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1744 | +0.712% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1707 | +0.395% | $98K | $206K | 20x | as long as short |
| Variational Omni ZROlong | +0.0100% | 4h | 1.1661 | long leg | $2.3M | $813K | — | |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1660 | −0.008% | $39K | $675K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1761 | +0.858% | $94K | $836K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1691 | +0.261% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0105% | 4h | 1.1694 | +0.283% | $1.1M | $248K | 75x | as long as short |
| Nado ZRO-PERP | +0.0182% | 1h | 1.1748 | +0.751% | $1.3M | $126K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0198% | 1h | 1.1710 | +0.423% | $258K | $405K | 25x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1746 | +0.728% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0592% | 1h | 1.1758 | +0.832% | $789K | $591K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1102% | 1h | 1.1720 | +0.506% | $12K | $260K | 12x | as long as short |
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Nado ZRO-PERP
Kraken Futures PF_ZROUSD
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP