Funding you earn now, next payment 02:00 UTC−0.0113%/8h= −12.4% APRpaid last 24h 0.000%
Price spread now: Bybit against Polymarket Perps−0.026%7-day average −0.107% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$430.431% of the position
Funding, last 7 days+0.111%+$11 on $10k
+Price spread, last 4 days (all we have)−0.459%−$46 · spread now −0.026%, 7d avg −0.107%
=The price spread pays, funding is against you. Bybit is 0.082% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.026% now, against its 7-day average of −0.107%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.111%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ZRO-USD | 1.1722 | 0.0100 | pay 0.0013% / 1h | 19m 55s | $92K | $839K | 5x |
| Short | Bybit ZROUSDT | 1.1719 | −0.0013 | pay 0.0007% / 4h | 2h 19m | $18.0M | $13.9M | 50x |
Polymarket Perps ZRO-USD
Bybit ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Polymarket Perps. 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
- −$23.78
- Price spread: −0.026% → −0.107%
- $8.17
- Slippage, 4 orders
- −$24.15
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$58.76
- Costs to cover
- 0.431%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 8 min ago; Bybit: live order book, 4 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 Polymarket Perps live order book, 8 min ago | 0.43 bp | 4.4 bp −$4 | 30.4 bp −$304 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.43 bp | 13.6 bp −$14 | 41.8 bp −$418 | doesn't fit | doesn't fit |
ZRO on 25 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 | −0.0240% | 1h | 1.1711 | −0.090% | $7K | $3K | 5x | as long as short |
| Bybit ZROUSDTshort | −0.0013% | 4h | 1.1719 | −0.026% | $18.0M | $13.9M | 50x | |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1727 | +0.045% | $21K | $3K | 5x | as long as short |
| Gate ZRO_USDT | +0.0024% | 4h | 1.1730 | +0.068% | $1.3M | $1.5M | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0025% | 4h | 1.1718 | −0.034% | $21K | $5K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1738 | +0.132% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1734 | +0.102% | $37.2M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1736 | +0.119% | $158K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1717 | −0.043% | $136K | $167K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1734 | +0.102% | $22.0M | $29.8M | 75x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Gate ZRO_USDT
Orderly PERP_ZRO_USDC
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1732 | +0.085% | $3.2M | $8.0M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1727 | +0.043% | $19.1M | $2.8M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1737 | +0.128% | $2.3M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1737 | +0.128% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1725 | +0.026% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1726 | +0.034% | $97K | $212K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1727 | +0.041% | $2.3M | $816K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1750 | +0.239% | $39K | $673K | 50x | as long as short |
| Polymarket Perps ZRO-USDlong | +0.0100% | 1h | 1.1722 | long leg | $92K | $839K | 5x | |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1716 | −0.055% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0210% | 1h | 1.1724 | +0.021% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1722 | +0.002% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0371% | 1h | 1.1737 | +0.132% | $252K | $403K | 25x | as long as short |
| Extended ZRO-USD | +0.0880% | 1h | 1.1732 | +0.087% | $784K | $592K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1213% | 1h | 1.1790 | +0.580% | $12K | $260K | 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
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP