Funding you earn now, next payment 04:00 UTC−0.0047%/8h= −5.2% APRnext payment −$0.24 per $10,000 · paid last 24h −0.006%
Price spread now: BingX against BloFin−0.119%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$510.515% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)+0.432%+$43 · spread now −0.119%, 7d avg −0.006%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.113% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ZRO-USDT | 1.1750 | 0.0147 | pay 0.0074% / 4h | 18m 34s | $1.1M | $250K | 75x |
| Short | BingX ZRO-USDT | 1.1736 | 0.0100 | get 0.0050% / 4h | 18m 34s | — | $16.4M | — |
BloFin ZRO-USDT
BingX ZRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- −$9.94
- Price spread: −0.119% → −0.006%
- −$11.35
- Slippage, 4 orders
- −$29.46
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$72.75
- Costs to cover
- 0.515%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; BingX: 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 BloFin live order book, 4 min ago | 1.28 bp | 14.9 bp −$15 | 31.2 bp −$312 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 2.56 bp | 9.7 bp −$10 | 14.3 bp −$143 | 29.5 bp −$2,953 | 49.1 bp −$24.6K |
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 | +0.0022% | 1h | 1.1737 | −0.109% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0037% | 4h | 1.1718 | −0.272% | $21K | $5K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1757 | +0.060% | $4.4M | $1.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1746 | −0.031% | $158K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1736 | −0.119% | $136K | $179K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1736 | −0.120% | $22.0M | $29.9M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1730 | −0.170% | $18.0M | $13.9M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1737 | −0.111% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1730 | −0.170% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1737 | −0.111% | $19.3M | $2.7M | 125x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1724 | −0.221% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1729 | −0.179% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDTshort | +0.0100% | 4h | 1.1736 | −0.119% | — | $16.4M | — | |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1748 | −0.017% | $98K | $217K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1699 | −0.435% | $2.3M | $810K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1730 | −0.170% | $39K | $671K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1724 | −0.221% | $100K | $851K | 5x | as long as short |
| 01 Exchange ZROUSD | +0.0104% | 1h | 1.1745 | −0.043% | $7K | $3K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1720 | −0.255% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDTlong | +0.0147% | 4h | 1.1750 | long leg | $1.1M | $250K | 75x | |
| Nado ZRO-PERP | +0.0199% | 1h | 1.1719 | −0.263% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1718 | −0.276% | $3K | — | 100x | as long as short |
| Hyperliquid ZRO | +0.0341% | 1h | 1.1750 | 0.000% | $37.2M | $5.5M | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0379% | 1h | 1.1753 | +0.030% | $258K | $398K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.1186% | 1h | 1.1770 | +0.170% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1192% | 1h | 1.1736 | −0.118% | $784K | $589K | 10x | as long as short |
KuCoin ZROUSDTM
Bitget ZROUSDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
01 Exchange ZROUSD
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Hyperliquid ZRO
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP
Extended ZRO-USD