Funding you earn now, next payment 00:00 UTC+0.0139%/8h= +15.2% APRpaid last 24h +0.029%
Price spread now: Binance against Bybit+0.033%7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1621.622% of the position
Funding, last 7 days+0.357%+$36 on $10k
+Price spread, last 7 days−0.103%−$10 · spread now +0.033%, 7d avg −0.044%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.077% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZRXUSDT | 0.1197 | −0.0039 | get 0.0039% / 8h | 57m 27s | $1.4M | $341K | 25x |
| Short | Binance ZRXUSDT | 0.1197 | 0.0100 | get 0.0050% / 4h | 57m 27s | $1.8M | $1.2M | 50x |
Bybit ZRXUSDT
Binance ZRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $29.09
- Price spread: +0.033% → −0.044%
- $7.65
- Slippage, 4 orders
- −$141.24
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$125.5
- Costs to cover
- 1.622%
- Break-even
- 37.2 days
Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 6 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 Bybit live order book, 4 min ago | 2.93 bp | 59.7 bp −$60 | 249.3 bp −$2,493 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 4.19 bp | 27.1 bp −$27 | 123.7 bp −$1,237 | doesn't fit | doesn't fit |
ZRX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZRXUSDTM | −0.0264% | 4h | 0.1195 | −0.175% | $328K | $59K | 30x | as long as short |
| Bybit ZRXUSDTlong | −0.0039% | 8h | 0.1197 | long leg | $1.4M | $341K | 25x | |
| Binance ZRXUSDTshort | +0.0100% | 4h | 0.1197 | +0.033% | $1.8M | $1.2M | 50x | |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1199 | +0.159% | $532K | $261K | 20x | as long as short |
| Gate ZRX_USDT | +0.0100% | 8h | 0.1197 | −0.050% | $146K | $41K | 75x | as long as short |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1197 | −0.008% | $909K | $157K | 50x | as long as short |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1198 | +0.075% | $582K | $123K | 50x | as long as short |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1198 | +0.075% | — | $2.3M | — | as long as short |
| Variational Omni ZRX | +0.0100% | 8h | 0.1194 | −0.243% | $23K | $41K | — | as long as short |
| BloFin ZRX-USDT | +0.0142% | 4h | 0.1194 | −0.259% | $95K | $19K | 50x | as long as short |
KuCoin ZRXUSDTM
OKX ZRX-USDT-SWAP
Gate ZRX_USDT
MEXC ZRX_USDT
Bitget ZRXUSDT
BingX ZRX-USDT
Variational Omni ZRX
BloFin ZRX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZRXUSD | +0.1197% | 1h | 0.1202 | +0.373% | $39K | $4K | 10x | as long as short |
Kraken Futures PF_ZRXUSD