Funding you earn now, next payment 12:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.18 per $10,000 · paid last 24h +0.005%
Price spread now: BloFin against KuCoin−0.102%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$860.856% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)−0.115%−$12 · spread now −0.102%, 7d avg −0.035%
=Funding pays, the price is against you. BloFin is 0.067% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of −0.035%). If the spread goes back, that is −$7 on $10k: about 6.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.017% in total) that is about 28 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ZROUSDTM | 1.1770 | 0.0100 | pay 0.0050% / 4h | 1h 45m | $2.2M | $2.3M | 50x |
| Short | BloFin ZRO-USDT | 1.1758 | 0.0136 | get 0.0068% / 4h | 1h 45m | $1.0M | $142K | 75x |
KuCoin ZROUSDTM
BloFin ZRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. 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
- $7.57
- Price spread: −0.102% → −0.035%
- −$6.7
- Slippage, 4 orders
- −$61.62
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$84.75
- Costs to cover
- 0.856%
- Break-even
- 85.3 days
Slippage from KuCoin: live order book, 4 min ago; BloFin: live order book, 5 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 KuCoin live order book, 4 min ago | 4.24 bp | 15.0 bp −$15 | 94.2 bp −$942 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 0.85 bp | 10.3 bp −$10 | 22.2 bp −$222 | doesn't fit | doesn't fit |
ZRO on 26 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ZRO/USDC PERP | −0.0774% | 1h | 1.1760 | −0.085% | $12K | $257K | 12x | as long as short |
| Kraken Futures PF_ZROUSD | −0.0532% | 1h | 1.1770 | +0.001% | $268K | $211K | 25x | as long as short |
| 01 Exchange ZROUSD | −0.0112% | 1h | 1.1766 | −0.033% | $4K | $5K | 5x | as long as short |
| Bybit ZROUSDT | −0.0084% | 4h | 1.1753 | −0.144% | $18.0M | $11.7M | 50x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0023% | 4h | 1.1761 | −0.076% | $20K | $2K | 10x | as long as short |
| OKX ZRO-USDT-SWAP | −0.0003% | 4h | 1.1768 | −0.017% | $3.2M | $7.4M | 20x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1773 | +0.029% | $21K | $5K | 5x | as long as short |
| Variational Omni ZRO | +0.0078% | 4h | 1.1772 | +0.021% | $2.3M | $732K | — | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1781 | +0.096% | $4.4M | $1.1M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1781 | +0.093% | $37.3M | $5.0M | 5x | as long as short |
Injective ZRO/USDC PERP
Kraken Futures PF_ZROUSD
01 Exchange ZROUSD
Bybit ZROUSDT
Orderly PERP_ZRO_USDC
OKX ZRO-USDT-SWAP
dYdX ZRO-USD
Variational Omni ZRO
Lighter ZRO
Hyperliquid ZROShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZROUSDT | +0.0100% | 4h | 1.1776 | +0.048% | $159K | $124K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1764 | −0.047% | $136K | $142K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1763 | −0.059% | $22.0M | $26.7M | 75x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1770 | 0.000% | $1.3M | $1.1M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1762 | −0.068% | $9.5M | $2.5M | 125x | as long as short |
| KuCoin ZROUSDTMlong | +0.0100% | 4h | 1.1770 | long leg | $2.2M | $2.3M | 50x | |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1764 | −0.051% | $2.8M | $2.3M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1760 | −0.085% | — | $25.2M | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1790 | +0.170% | $40K | $671K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1768 | −0.017% | $100K | $729K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1763 | −0.060% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDTshort | +0.0136% | 4h | 1.1758 | −0.102% | $1.0M | $142K | 75x | |
| Nado ZRO-PERP | +0.0196% | 1h | 1.1765 | −0.044% | $1.3M | $121K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1768 | −0.020% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0440% | 1h | 1.1764 | −0.053% | $802K | $654K | 10x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0464% | 1h | 1.1783 | +0.110% | $93K | $217K | 20x | as long as short |
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Gate ZRO_USDT
MEXC ZRO_USDT
Bitget ZROUSDT
BingX ZRO-USDT
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Backpack ZRO_USDC_PERP