Funding you earn now, next payment 12:00 UTC+0.0153%/8h= +16.7% APRnext payment +$0.76 per $10,000 · paid last 24h +0.005%
Price spread now: BloFin against Bybit+0.128%82s7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as 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−$650.653% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)−0.265%−$27 · spread now +0.128%, 7d avg +0.028%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BloFin is 0.100% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.028%. The two prices were read 82 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 ZROUSDT | 1.1719 | −0.0103 | get 0.0051% / 4h | 1h 07m | $18.0M | $11.4M | 50x |
| Short | BloFin ZRO-USDT | 1.1734 | 0.0050 | get 0.0025% / 4h | 1h 07m | $1.0M | $139K | 75x |
Bybit ZROUSDT
BloFin ZRO-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
- $32.07
- Price spread: +0.128% → +0.028%
- $9.95
- Slippage, 4 orders
- −$42.29
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$23.27
- Costs to cover
- 0.653%
- Break-even
- 12.1 days
Slippage from Bybit: live order book, 4 min ago; BloFin: 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 Bybit live order book, 4 min ago | 1.71 bp | 17.4 bp −$17 | 53.9 bp −$539 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 0.85 bp | 15.9 bp −$16 | 33.8 bp −$338 | doesn't fit | doesn't fit |
ZRO on 26 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ZRO/USDC PERP | −0.0774% | 1h | 1.1760 | +0.350% | $12K | $257K | 12x | as long as short |
| Kraken Futures PF_ZROUSD | −0.0534% | 1h | 1.1735 | +0.133% | $267K | $191K | 25x | as long as short |
| 01 Exchange ZROUSD | −0.0168% | 1h | 1.1735 | +0.136% | $4K | $5K | 5x | as long as short |
| Bybit ZROUSDTlong | −0.0103% | 4h | 1.1719 | long leg | $18.0M | $11.4M | 50x | |
| Variational Omni ZRO | −0.0047% | 4h | 1.1707 | −0.102% | $2.3M | $733K | — | as long as short |
| Orderly PERP_ZRO_USDC | −0.0034% | 4h | 1.1729 | +0.085% | $20K | $2K | 10x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1728 | +0.074% | $21K | $5K | 5x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0033% | 4h | 1.1728 | +0.077% | $3.2M | $7.3M | 20x | as long as short |
| BloFin ZRO-USDTshort | +0.0050% | 4h | 1.1734 | +0.128% | $1.0M | $139K | 75x | |
| Lighter ZRO | +0.0096% | 1h | 1.1746 | +0.233% | $4.4M | $1.1M | 5x | as long as short |
Injective ZRO/USDC PERP
Kraken Futures PF_ZROUSD
01 Exchange ZROUSD
Variational Omni ZRO
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
OKX ZRO-USDT-SWAP
Lighter ZROShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado ZRO-PERP | +0.0100% | 1h | 1.1738 | +0.163% | $1.3M | $121K | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1741 | +0.188% | $37.1M | $5.0M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1733 | +0.120% | $158K | $118K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1738 | +0.162% | $136K | $140K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1722 | +0.026% | $21.9M | $26.0M | 75x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1720 | +0.009% | $1.3M | $1.1M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1722 | +0.026% | $9.4M | $2.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1733 | +0.119% | $2.2M | $2.2M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1731 | +0.102% | $2.8M | $2.3M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1723 | +0.034% | — | $25.0M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1733 | +0.119% | $93K | $219K | 20x | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1720 | +0.009% | $39K | $671K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1736 | +0.145% | $80K | $699K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1737 | +0.153% | $21K | — | 3x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1723 | +0.030% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0544% | 1h | 1.1722 | +0.028% | $798K | $654K | 10x | as long as short |
Nado ZRO-PERP
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD