Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.6% APRnext payment +$0.16 per $10,000 · paid last 24h +0.009%
Price spread now: BloFin against Bybit+0.199%112s7-day average +0.137% · you sell dearer than you buy
Net, funding: paid 7d − costs−$172as 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−$1711.714% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.199%, 7d avg +0.137%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.062% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.137%. The two prices were read 112 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 | Bybit ZKPUSDT | 0.05027 | 0.0100 | pay 0.0050% / 4h | 2h 01m | $1.2M | $1.0M | 25x |
| Short | BloFin ZKP-USDT | 0.05037 | 0.0132 | get 0.0066% / 4h | 2h 01m | $212K | $48K | 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
- $6.81
- Price spread: +0.199% → +0.137%
- $6.23
- Slippage, 4 orders
- −$148.45
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$158.4
- Costs to cover
- 1.714%
- Break-even
- 169.7 days
Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 14 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, 4 min ago | 1.99 bp | 61.0 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 14 min ago | 2.00 bp | 28.4 bp −$28 | 91.0 bp −$910 | 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 | 0.05034 | +0.139% | $2.7M | $2.9M | 40x | as long as short |
| Bybit ZKPUSDTlong | +0.0100% | 4h | 0.05027 | long leg | $1.2M | $1.0M | 25x | |
| OKX ZKP-USDT-SWAP | +0.0100% | 4h | 0.05038 | +0.219% | $319K | $582K | 20x | as long as short |
| Gate ZKP_USDT | +0.0100% | 4h | 0.05031 | +0.080% | $318K | $182K | 25x | as long as short |
| MEXC ZKP_USDT | +0.0100% | 4h | 0.05033 | +0.119% | $1.2M | $211K | 20x | as long as short |
| KuCoin ZKPUSDTM | +0.0100% | 4h | 0.05032 | +0.099% | $583K | $497K | 20x | as long as short |
| Bitget ZKPUSDT | +0.0100% | 4h | 0.05035 | +0.159% | $305K | $277K | 20x | as long as short |
| BingX ZKP-USDT | +0.0100% | 4h | 0.05033 | +0.119% | — | $6.6M | — | as long as short |
| BloFin ZKP-USDTshort | +0.0132% | 4h | 0.05037 | +0.199% | $212K | $48K | 40x | |
| Aster ZKPUSDT | +0.0267% | 4h | 0.05031 | +0.081% | $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