Funding you earn now, next payment 03:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h 0.000%
Price spread now: Bybit against ApeX Omni+0.145%79s7-day average −0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as 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−$750.753% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 4 days (all we have)−0.718%−$72 · spread now +0.145%, 7d avg −0.072%
=The price spread pays, funding is against you. Bybit is 0.218% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.145% now, against its 7-day average of −0.072%): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.7 days. At the pace of the last 7 days (−0.012% in total) that is about 4 months. The two prices were read 79 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 | ApeX Omni ZROUSDT | 1.1690 | 0.0100 | pay 0.0013% / 1h | 56m 09s | $39K | $675K | 50x |
| Short | Bybit ZROUSDT | 1.1707 | 0.0016 | get 0.0008% / 4h | 1h 56m | $17.9M | $13.9M | 50x |
ApeX Omni ZROUSDT
Bybit ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against ApeX 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
- −$17.61
- Price spread: +0.145% → −0.072%
- $21.78
- Slippage, 4 orders
- −$54.29
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$71.12
- Costs to cover
- 0.753%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 7 min ago; Bybit: live order book, 2 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 ApeX Omni live order book, 7 min ago | 8.53 bp | 24.9 bp −$25 | 123.7 bp −$1,237 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.29 bp | 16.9 bp −$17 | 38.9 bp −$389 | doesn't fit | doesn't fit |
ZRO on 25 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 | −0.0592% | 1h | 1.1738 | +0.411% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1711 | +0.180% | $21K | $3K | 5x | as long as short |
| Bybit ZROUSDTshort | +0.0016% | 4h | 1.1707 | +0.145% | $17.9M | $13.9M | 50x | |
| Orderly PERP_ZRO_USDC | +0.0034% | 4h | 1.1729 | +0.334% | $21K | $5K | 10x | as long as short |
| Gate ZRO_USDT | +0.0044% | 4h | 1.1710 | +0.171% | $1.3M | $1.5M | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1733 | +0.366% | $4.4M | $1.2M | 5x | as long as short |
| Nado ZRO-PERP | +0.0100% | 1h | 1.1724 | +0.294% | $1.3M | $124K | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1727 | +0.317% | $37.1M | $5.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1735 | +0.385% | $158K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1725 | +0.296% | $136K | $169K | 5x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Gate ZRO_USDT
Lighter ZRO
Nado ZRO-PERP
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZROShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ZROUSDT | +0.0100% | 4h | 1.1724 | +0.288% | $22.0M | $29.6M | 75x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1707 | +0.145% | $3.2M | $7.9M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1729 | +0.334% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1721 | +0.265% | $2.3M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1713 | +0.197% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1714 | +0.205% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1726 | +0.308% | $95K | $205K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1720 | +0.257% | $2.3M | $813K | — | as long as short |
| ApeX Omni ZROUSDTlong | +0.0100% | 1h | 1.1690 | long leg | $39K | $675K | 50x | |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1740 | +0.428% | $92K | $834K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1715 | +0.214% | $21K | — | 3x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0197% | 1h | 1.1741 | +0.433% | $259K | $406K | 25x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1739 | +0.422% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0976% | 1h | 1.1720 | +0.254% | $785K | $590K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1102% | 1h | 1.1700 | +0.086% | $12K | $260K | 12x | as long as short |
Binance ZROUSDT
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Kraken Futures PF_ZROUSD
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP