Funding you earn now, next payment 00:00 UTC−0.1916%/8h= −209.8% APRpaid last 24h −0.081%
Price spread now: Bybit against Extended+0.063%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,063as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,045as in the Price arb table
costs, in and out, $10k−$1,05210.524% of the position
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.063%, 7d avg −0.013%
=Together, before fees−0.240%+ Points / potential airdropExtended: Active · farm board−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.076% dearer against Extended than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of −0.013%): +$8 on $10k if it goes back. Holding the pair costs −$57 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.102% in total) that is about 5.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.102% in total (about -5.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ZRO-USD | 1.1744 | 0.2016 | pay 0.0252% / 1h | 26m 07s | $784K | $610K | 10x |
| Short | Bybit ZROUSDT | 1.1751 | 0.0100 | get 0.0050% / 4h | 26m 07s | $17.9M | $14.7M | 50x |
Extended ZRO-USD
Bybit ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. 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
- −$402.36
- Price spread: +0.063% → −0.013%
- $7.63
- Slippage, 4 orders
- −$1,036.37
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,447.1
- Costs to cover
- 10.524%
- Break-even
- never at this rate
Slippage from Extended: live order book, 52 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 Extended live order book, 52 min ago | 13.07 bp | 992.8 bp −$993 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.70 bp | 15.3 bp −$15 | 43.3 bp −$433 | doesn't fit | doesn't fit |
ZRO on 26 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 | −0.0168% | 1h | 1.1748 | +0.037% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0004% | 4h | 1.1751 | +0.063% | $21K | $7K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1761 | +0.147% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1753 | +0.080% | $37.2M | $6.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1764 | +0.171% | $157K | $153K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1762 | +0.155% | $136K | $177K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1745 | +0.012% | $22.1M | $31.3M | 75x | as long as short |
| Bybit ZROUSDTshort | +0.0100% | 4h | 1.1751 | +0.063% | $17.9M | $14.7M | 50x | |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1748 | +0.038% | $3.2M | $8.3M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1750 | +0.055% | $1.3M | $1.8M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1745 | +0.012% | $19.1M | $2.8M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1757 | +0.114% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1759 | +0.131% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1749 | +0.046% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1753 | +0.080% | $100K | $207K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1751 | +0.064% | $2.3M | $879K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1730 | −0.116% | $37K | $686K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1755 | +0.097% | $94K | $825K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1748 | +0.037% | $21K | — | 3x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0133% | 1h | 1.1764 | +0.172% | $252K | $434K | 25x | as long as short |
| dYdX ZRO-USD | +0.0139% | 1h | 1.1763 | +0.162% | $21K | $2K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0153% | 4h | 1.1770 | +0.225% | $1.1M | $256K | 75x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1751 | +0.064% | $3K | — | 100x | as long as short |
| Nado ZRO-PERP | +0.0339% | 1h | 1.1750 | +0.059% | $1.3M | $125K | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.1159% | 1h | 1.1790 | +0.395% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USDlong | +0.2016% | 1h | 1.1744 | long leg | $784K | $610K | 10x |
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Kraken Futures PF_ZROUSD
dYdX ZRO-USD
BloFin ZRO-USDT
GMX ZRO/USD [ETH-USDC]
Nado ZRO-PERP
Injective ZRO/USDC PERP