Funding you earn now, next payment 00:00 UTC+0.0137%/8h= +15.0% APRnext payment +$1.37 per $10,000 · paid last 24h +0.029%
Price spread now: Gate against Bybit−0.084%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$323as in the Funding arb table
Net, price: spread back to 7d avg − costs−$361as in the Price arb table
costs, in and out, $10k−$3583.584% of the position
Funding, last 7 days+0.351%+$35 on $10k
+Price spread, last 4 days (all we have)−0.111%−$11 · spread now −0.084%, 7d avg −0.058%
=Funding pays, the price is against you. Gate is 0.025% cheaper against Bybit than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.058%). If the spread goes back, that is −$3 on $10k: about 15 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZRXUSDT | 0.1192 | −0.0037 | get 0.0037% / 8h | 2h 39m | $1.4M | $373K | 25x |
| Short | Gate ZRX_USDT | 0.1191 | 0.0100 | get 0.0100% / 8h | 2h 39m | $146K | $40K | 75x |
Bybit ZRXUSDT
Gate ZRX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $28.76
- Price spread: −0.084% → −0.058%
- −$2.55
- Slippage, 4 orders
- −$332.38
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$332.17
- Costs to cover
- 3.584%
- Break-even
- 87.8 days
Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 44 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, 2 min ago | 2.10 bp | 41.6 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 44 min ago | 7.15 bp | 171.7 bp −$172 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZRXUSDTlong | −0.0037% | 8h | 0.1192 | long leg | $1.4M | $373K | 25x | |
| BloFin ZRX-USDT | +0.0073% | 4h | 0.1189 | −0.277% | $95K | $19K | 50x | as long as short |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1192 | −0.013% | $1.8M | $1.2M | 50x | as long as short |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1193 | +0.101% | $533K | $236K | 20x | as long as short |
| Gate ZRX_USDTshort | +0.0100% | 8h | 0.1191 | −0.084% | $146K | $40K | 75x | |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1192 | −0.025% | $903K | $157K | 50x | as long as short |
| KuCoin ZRXUSDTM | +0.0100% | 4h | 0.1192 | −0.025% | $331K | $57K | 30x | as long as short |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1192 | −0.025% | $579K | $193K | 50x | as long as short |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1192 | −0.025% | — | $2.3M | — | as long as short |
| Variational Omni ZRX | +0.0100% | 8h | 0.1190 | −0.213% | $29K | $35K | — | as long as short |
BloFin ZRX-USDT
Binance ZRXUSDT
OKX ZRX-USDT-SWAP
MEXC ZRX_USDT
KuCoin ZRXUSDTM
Bitget ZRXUSDT
BingX ZRX-USDT
Variational Omni ZRXShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZRXUSD | +0.0363% | 1h | 0.1195 | +0.234% | $40K | $3K | 10x | as long as short |
Kraken Futures PF_ZRXUSD