Funding you earn now, next payment 00:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.13 per $10,000 · paid last 24h +0.010%
Price spread now: BloFin against Gate−0.110%78s7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as 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−$830.835% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 3 days (all we have)−0.229%−$23 · spread now −0.110%, 7d avg −0.018%
=Funding pays, the price is against you. BloFin is 0.092% cheaper against Gate than usual: you would sell low and buy high (spread −0.110% now, against its 7-day average of −0.018%). If the spread goes back, that is −$9 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.016% in total) that is about 41 days. The two prices were read 78 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 | Gate ZRO_USDT | 1.1820 | 0.0100 | pay 0.0050% / 4h | 2h 05m | $1.3M | $2.0M | 75x |
| Short | BloFin ZRO-USDT | 1.1807 | 0.0127 | get 0.0063% / 4h | 2h 05m | $1.1M | $264K | 75x |
Gate ZRO_USDT
BloFin ZRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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
- $5.66
- Price spread: −0.110% → −0.018%
- −$9.2
- Slippage, 4 orders
- −$56.47
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$87.01
- Costs to cover
- 0.835%
- Break-even
- 114.6 days
Slippage from Gate: live order book, 2 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 Gate live order book, 2 min ago | 8.48 bp | 31.0 bp −$31 | 63.3 bp −$633 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 3.81 bp | 14.1 bp −$14 | 31.2 bp −$312 | 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 | −0.0432% | 1h | 1.1790 | −0.256% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0052% | 4h | 1.1809 | −0.093% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0071% | 1h | 1.1814 | −0.047% | $21K | $2K | 5x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1811 | −0.077% | $4.5M | $1.4M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1822 | +0.017% | $37.5M | $6.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1820 | 0.000% | $158K | $160K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1799 | −0.177% | $138K | $191K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1812 | −0.064% | $22.3M | $32.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1802 | −0.152% | $18.1M | $15.4M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1808 | −0.102% | $3.2M | $8.9M | 20x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
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_USDTlong | +0.0100% | 4h | 1.1820 | long leg | $1.3M | $2.0M | 75x | |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1815 | −0.042% | $19.1M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1817 | −0.025% | $2.9M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1816 | −0.034% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1810 | −0.085% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1816 | −0.034% | $95K | $206K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1777 | −0.362% | $2.2M | $861K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1810 | −0.085% | $37K | $681K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1816 | −0.034% | $88K | $913K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1811 | −0.074% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDTshort | +0.0127% | 4h | 1.1807 | −0.110% | $1.1M | $264K | 75x | |
| Nado ZRO-PERP | +0.0177% | 1h | 1.1800 | −0.168% | $1.3M | $130K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1820 | −0.003% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0317% | 1h | 1.1824 | +0.037% | $251K | $567K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1860 | +0.338% | $12K | $175K | 12x | as long as short |
| Extended ZRO-USD | +0.2240% | 1h | 1.1811 | −0.076% | $784K | $539K | 10x | as long as short |
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
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP
Extended ZRO-USD