Funding you earn now, next payment 08:00 UTC+0.0007%/8h= +0.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against Binance−0.052%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$650.646% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)−0.097%−$10 · spread now −0.052%, 7d avg −0.011%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.041% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZROUSDT | 1.1575 | 0.0100 | pay 0.0050% / 4h | 2h 30m | $21.6M | $29.5M | 75x |
| Short | BloFin ZRO-USDT | 1.1569 | 0.0107 | get 0.0053% / 4h | 2h 30m | $1.0M | $247K | 75x |
Binance ZROUSDT
BloFin ZRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $1.39
- Price spread: −0.052% → −0.011%
- −$4.12
- Slippage, 4 orders
- −$42.64
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$67.37
- Costs to cover
- 0.646%
- Break-even
- 347.0 days
Slippage from Binance: live order book, 11 min ago; BloFin: live order book, 1 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 Binance live order book, 11 min ago | 0.86 bp | 13.6 bp −$14 | 37.7 bp −$377 | 347.4 bp −$34.7K | doesn't fit |
| Sell BloFin live order book, 1 min ago | 1.30 bp | 18.1 bp −$18 | 30.9 bp −$309 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0010% | 1h | 1.1567 | −0.072% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0063% | 4h | 1.1563 | −0.104% | $20K | $4K | 10x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0066% | 1h | 1.1568 | −0.060% | $93K | $218K | 20x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1597 | +0.194% | $4.3M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1583 | +0.069% | $36.7M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1578 | +0.027% | $156K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1569 | −0.052% | $136K | $176K | 5x | as long as short |
| Binance ZROUSDTlong | +0.0100% | 4h | 1.1575 | long leg | $21.6M | $29.5M | 75x | |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1570 | −0.043% | $17.7M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1579 | +0.035% | $3.1M | $7.7M | 20x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Backpack ZRO_USDC_PERP
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Bybit ZROUSDT
OKX ZRO-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1560 | −0.130% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1575 | 0.000% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1566 | −0.078% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1569 | −0.052% | $2.6M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1576 | +0.009% | — | $16.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1554 | −0.184% | $2.2M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1570 | −0.043% | $39K | $677K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1570 | −0.043% | $101K | $815K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1556 | −0.168% | $20K | — | 3x | as long as short |
| BloFin ZRO-USDTshort | +0.0107% | 4h | 1.1569 | −0.052% | $1.0M | $247K | 75x | |
| 01 Exchange ZROUSD | +0.0128% | 1h | 1.1570 | −0.047% | $4K | $5K | 5x | as long as short |
| Nado ZRO-PERP | +0.0190% | 1h | 1.1566 | −0.081% | $1.3M | $127K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1564 | −0.095% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0711% | 1h | 1.1574 | −0.007% | $253K | $336K | 25x | as long as short |
| Extended ZRO-USD | +0.0896% | 1h | 1.1577 | +0.020% | $795K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1343% | 1h | 1.1620 | +0.389% | $12K | $260K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
01 Exchange ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP