Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.25 per $10,000 · paid last 24h −0.009%
Price spread now: Bybit against BloFin−0.297%62s7-day average −0.136% · you buy dearer than you sell
Net, funding: paid 7d − costs−$175as 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−$1761.762% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.297%, 7d avg −0.136%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.161% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.136%). Swap the legs. The two prices were read 62 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 | BloFin ZKP-USDT | 0.05046 | 0.0150 | pay 0.0075% / 4h | 3h 46m | $218K | $46K | 40x |
| Short | Bybit ZKPUSDT | 0.05031 | 0.0100 | get 0.0050% / 4h | 3h 46m | $1.2M | $1.0M | 25x |
BloFin ZKP-USDT
Bybit ZKPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$10.47
- Price spread: −0.297% → −0.136%
- −$16.14
- Slippage, 4 orders
- −$153.23
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$202.84
- Costs to cover
- 1.762%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 45 min ago; Bybit: live order book, 4 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 BloFin live order book, 45 min ago | 1.98 bp | 22.8 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.99 bp | 64.0 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
ZKP on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ZKPUSDT | +0.0100% | 4h | 0.05040 | −0.121% | $2.7M | $2.9M | 40x | as long as short |
| Bybit ZKPUSDTshort | +0.0100% | 4h | 0.05031 | −0.297% | $1.2M | $1.0M | 25x | |
| OKX ZKP-USDT-SWAP | +0.0100% | 4h | 0.05040 | −0.119% | $322K | $572K | 20x | as long as short |
| Gate ZKP_USDT | +0.0100% | 4h | 0.05037 | −0.178% | $325K | $173K | 25x | as long as short |
| MEXC ZKP_USDT | +0.0100% | 4h | 0.05041 | −0.099% | $1.2M | $207K | 20x | as long as short |
| KuCoin ZKPUSDTM | +0.0100% | 4h | 0.05039 | −0.139% | $584K | $510K | 20x | as long as short |
| Bitget ZKPUSDT | +0.0100% | 4h | 0.05042 | −0.079% | $319K | $271K | 20x | as long as short |
| BingX ZKP-USDT | +0.0100% | 4h | 0.05040 | −0.119% | — | $6.6M | — | as long as short |
| Aster ZKPUSDT | +0.0134% | 4h | 0.05041 | −0.093% | $27K | $83K | 5x | as long as short |
| BloFin ZKP-USDTlong | +0.0150% | 4h | 0.05046 | long leg | $218K | $46K | 40x |
Binance ZKPUSDT
OKX ZKP-USDT-SWAP
Gate ZKP_USDT
MEXC ZKP_USDT
KuCoin ZKPUSDTM
Bitget ZKPUSDT
BingX ZKP-USDT
Aster ZKPUSDT