Funding you earn now, next payment 12:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.12 per $10,000 · paid last 24h −0.005%
Price spread now: Gate against BloFin−0.203%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1291.286% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 4 days (all we have)+0.907%+$91 · spread now −0.203%, 7d avg +0.011%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.214% cheaper against BloFin than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.011%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ZRO-USDT | 1.1844 | 0.0125 | pay 0.0062% / 4h | 2h 54m | $1.1M | $150K | 75x |
| Short | Gate ZRO_USDT | 1.1820 | 0.0100 | get 0.0050% / 4h | 2h 54m | $1.3M | $1.2M | 75x |
BloFin ZRO-USDT
Gate ZRO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$5.21
- Price spread: −0.203% → +0.011%
- −$21.39
- Slippage, 4 orders
- −$101.56
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$155.16
- Costs to cover
- 1.286%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 7 min ago; Gate: live order book, 2 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, 7 min ago | 0.42 bp | 12.6 bp −$13 | 28.9 bp −$289 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 8.38 bp | 48.0 bp −$48 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZROUSD | −0.0808% | 1h | 1.1822 | −0.183% | $4K | $5K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | −0.0315% | 1h | 1.1840 | −0.037% | $269K | $289K | 25x | as long as short |
| Bybit ZROUSDT | −0.0174% | 4h | 1.1802 | −0.355% | $18.1M | $12.6M | 50x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1867 | +0.190% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0037% | 4h | 1.1839 | −0.042% | $21K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1847 | +0.026% | $4.4M | $1.1M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1826 | −0.152% | $37.4M | $5.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1834 | −0.085% | $160K | $147K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1861 | +0.145% | $137K | $161K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1809 | −0.296% | $22.2M | $28.6M | 75x | as long as short |
01 Exchange ZROUSD
Kraken Futures PF_ZROUSD
Bybit ZROUSDT
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1804 | −0.338% | $3.2M | $7.7M | 20x | as long as short |
| Gate ZRO_USDTshort | +0.0100% | 4h | 1.1820 | −0.203% | $1.3M | $1.2M | 75x | |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1810 | −0.287% | $9.4M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1851 | +0.059% | $2.4M | $2.2M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1803 | −0.346% | $2.7M | $2.3M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1809 | −0.296% | — | $21.6M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1814 | −0.253% | $95K | $218K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1901 | +0.483% | $2.3M | $738K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1950 | +0.895% | $40K | $671K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1847 | +0.025% | $100K | $790K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1840 | −0.034% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDTlong | +0.0125% | 4h | 1.1844 | long leg | $1.1M | $150K | 75x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0294% / S −0.2341% | 1h | 1.1848 | +0.033% | $3K | — | 100x | as long as short |
| Nado ZRO-PERP | +0.0302% | 1h | 1.1841 | −0.027% | $1.4M | $120K | 5x | as long as short |
| Extended ZRO-USD | +0.0312% | 1h | 1.1807 | −0.314% | $810K | $646K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1068% | 1h | 1.2040 | +1.655% | $13K | $257K | 12x | as long as short |
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Nado ZRO-PERP
Extended ZRO-USD
Injective ZRO/USDC PERP