Funding you earn now, next payment 04:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h +0.009%
Price spread now: BloFin against Bybit−0.040%7-day average +0.136% · you buy dearer than you sell
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$1731.731% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)+0.398%+$40 · spread now −0.040%, 7d avg +0.136%
=Funding pays, the price is against you. BloFin is 0.175% cheaper against Bybit than usual: you would sell low and buy high (spread −0.040% now, against its 7-day average of +0.136%). If the spread goes back, that is −$18 on $10k: about 13 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZKPUSDT | 0.05049 | 0.0100 | pay 0.0050% / 4h | 13m 20s | $1.2M | $1.1M | 25x |
| Short | BloFin ZKP-USDT | 0.05047 | 0.0146 | get 0.0073% / 4h | 13m 20s | $213K | $45K | 40x |
Bybit ZKPUSDT
BloFin ZKP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $9.59
- Price spread: −0.040% → +0.136%
- −$17.52
- Slippage, 4 orders
- −$150.06
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$180.98
- Costs to cover
- 1.731%
- Break-even
- 139.1 days
Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 18 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 | 4.97 bp | 62.3 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 18 min ago | 1.98 bp | 21.9 bp −$22 | 120.4 bp −$1,204 | 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 | 0.05058 | +0.184% | $2.7M | $2.9M | 40x | as long as short |
| Bybit ZKPUSDTlong | +0.0100% | 4h | 0.05049 | long leg | $1.2M | $1.1M | 25x | |
| OKX ZKP-USDT-SWAP | +0.0100% | 4h | 0.05056 | +0.139% | $322K | $586K | 20x | as long as short |
| Gate ZKP_USDT | +0.0100% | 4h | 0.05043 | −0.119% | $324K | $180K | 25x | as long as short |
| MEXC ZKP_USDT | +0.0100% | 4h | 0.05056 | +0.139% | $1.2M | $207K | 20x | as long as short |
| KuCoin ZKPUSDTM | +0.0100% | 4h | 0.05048 | −0.020% | $585K | $515K | 20x | as long as short |
| Bitget ZKPUSDT | +0.0100% | 4h | 0.05049 | 0.000% | $320K | $278K | 20x | as long as short |
| BingX ZKP-USDT | +0.0100% | 4h | 0.05052 | +0.059% | — | $6.6M | — | as long as short |
| BloFin ZKP-USDTshort | +0.0146% | 4h | 0.05047 | −0.040% | $213K | $45K | 40x | |
| Aster ZKPUSDT | +0.0158% | 4h | 0.05047 | −0.032% | $27K | $83K | 5x | as long as short |
Binance ZKPUSDT
OKX ZKP-USDT-SWAP
Gate ZKP_USDT
MEXC ZKP_USDT
KuCoin ZKPUSDTM
Bitget ZKPUSDT
BingX ZKP-USDT
Aster ZKPUSDT