Funding you earn now, next payment 04:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.01 per $10,000 · paid last 24h −0.045%
Price spread now: OKX against BloFin+0.086%93s7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as 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−$680.680% of the position
Funding, last 7 days−0.075%−$8 on $10k
+Price spread, last 4 days (all we have)+0.271%+$27 · spread now +0.086%, 7d avg −0.008%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.094% dearer against BloFin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.008%. The two prices were read 93 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 | BloFin ZRO-USDT | 1.1586 | 0.0098 | pay 0.0049% / 4h | 39m 44s | $1.1M | $246K | 75x |
| Short | OKX ZRO-USDT-SWAP | 1.1596 | 0.0100 | get 0.0050% / 4h | 39m 44s | $3.1M | $7.9M | 20x |
BloFin ZRO-USDT
OKX ZRO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $0.44
- Price spread: +0.086% → −0.008%
- $9.39
- Slippage, 4 orders
- −$45.95
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$58.12
- Costs to cover
- 0.680%
- Break-even
- 929.6 days
Slippage from BloFin: live order book, 2 min ago; OKX: live order book, 3 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, 2 min ago | 6.91 bp | 19.4 bp −$19 | 33.4 bp −$334 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.59 bp | 16.8 bp −$17 | 103.9 bp −$1,039 | 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 | +0.0011% | 1h | 1.1611 | +0.214% | $21K | $4K | 5x | as long as short |
| 01 Exchange ZROUSD | +0.0016% | 1h | 1.1623 | +0.318% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0037% | 4h | 1.1609 | +0.199% | $20K | $5K | 10x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0085% | 1h | 1.1615 | +0.250% | $108K | $207K | 20x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1621 | +0.299% | $4.3M | $1.2M | 5x | as long as short |
| BloFin ZRO-USDTlong | +0.0098% | 4h | 1.1586 | long leg | $1.1M | $246K | 75x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1602 | +0.135% | $156K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1610 | +0.204% | $135K | $178K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1597 | +0.091% | $21.7M | $29.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1597 | +0.095% | $17.7M | $13.9M | 50x | as long as short |
dYdX ZRO-USD
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Backpack ZRO_USDC_PERP
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAPshort | +0.0100% | 4h | 1.1596 | +0.086% | $3.1M | $7.9M | 20x | |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1590 | +0.035% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1600 | +0.121% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1596 | +0.086% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1589 | +0.026% | $2.6M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1599 | +0.112% | — | $16.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1567 | −0.161% | $2.2M | $811K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1590 | +0.035% | $39K | $673K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1616 | +0.259% | $98K | $844K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1605 | +0.164% | $20K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0177% | 1h | 1.1614 | +0.243% | $1.3M | $125K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1609 | +0.199% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0383% | 1h | 1.1612 | +0.228% | $255K | $404K | 25x | as long as short |
| Hyperliquid ZRO | +0.0441% | 1h | 1.1613 | +0.233% | $36.8M | $5.5M | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.1186% | 1h | 1.1640 | +0.466% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1208% | 1h | 1.1599 | +0.114% | $776K | $590K | 10x | 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
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Hyperliquid ZRO
Injective ZRO/USDC PERP
Extended ZRO-USD