Funding you earn now, next payment 16:00 UTC−0.0304%/8h= −33.3% APRnext payment −$3.04 per $10,000 · paid last 24h +0.027%
Price spread now: Gate against Bybit−0.043%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$498as in the Funding arb table
Net, price: spread back to 7d avg − costs−$522as in the Price arb table
costs, in and out, $10k−$5245.237% of the position
Funding, last 7 days+0.255%+$25 on $10k
+Price spread, last 4 days (all we have)−0.119%−$12 · spread now −0.043%, 7d avg −0.065%
=The price spread pays, funding is against you. Gate is 0.022% dearer against Bybit than usual: you sell high and buy low (spread −0.043% now, against its 7-day average of −0.065%): +$2 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 7 days funding on this pair paid +0.255%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZRXUSDT | 0.1167 | −0.0011 | get 0.0011% / 8h | 5h 08m | $1.4M | $367K | 25x |
| Short | Gate ZRX_USDT | 0.1166 | −0.0315 | pay 0.0315% / 8h | 5h 08m | $139K | $38K | 75x |
Bybit ZRXUSDT
Gate ZRX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$63.92
- Price spread: −0.043% → −0.065%
- $2.22
- Slippage, 4 orders
- −$497.73
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$585.43
- Costs to cover
- 5.237%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 30 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, 5 min ago | 5.57 bp | 52.0 bp −$52 | 358.0 bp −$3,580 | doesn't fit | doesn't fit |
| Sell Gate live order book, 30 min ago | 9.37 bp | 274.3 bp −$274 | doesn't fit | doesn't fit | doesn't fit |
ZRX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRX_USDTshort | −0.0315% | 8h | 0.1166 | −0.043% | $139K | $38K | 75x | |
| Bybit ZRXUSDTlong | −0.0011% | 8h | 0.1167 | long leg | $1.4M | $367K | 25x | |
| BloFin ZRX-USDT | +0.0045% | 4h | 0.1167 | +0.043% | $90K | $23K | 50x | as long as short |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1166 | −0.056% | $1.7M | $1.4M | 50x | as long as short |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1166 | −0.069% | $513K | $351K | 20x | as long as short |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1165 | −0.129% | $863K | $138K | 50x | as long as short |
| KuCoin ZRXUSDTM | +0.0100% | 4h | 0.1166 | −0.043% | $284K | $59K | 30x | as long as short |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1166 | −0.043% | $576K | $142K | 50x | as long as short |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1166 | −0.043% | — | $2.3M | — | as long as short |
| Variational Omni ZRX | +0.0100% | 8h | 0.1167 | +0.001% | $22K | $13K | — | as long as short |
BloFin ZRX-USDT
Binance ZRXUSDT
OKX ZRX-USDT-SWAP
MEXC ZRX_USDT
KuCoin ZRXUSDTM
Bitget ZRXUSDT
BingX ZRX-USDT
Variational Omni ZRXShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZRXUSD | +0.0459% | 1h | 0.1167 | +0.049% | $37K | $6K | 10x | as long as short |
Kraken Futures PF_ZRXUSD