Funding you earn now, next payment 16:00 UTC−0.0254%/8h= −27.8% APRnext payment −$2.54 per $10,000 · paid last 24h +0.027%
Price spread now: Gate against Bybit−0.135%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$413as in the Funding arb table
Net, price: spread back to 7d avg − costs−$446as in the Price arb table
costs, in and out, $10k−$4394.388% of the position
Funding, last 7 days+0.255%+$25 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.135%, 7d avg −0.065%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Gate is 0.070% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.065%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.255%, 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 | Bybit ZRXUSDT | 0.1185 | −0.0389 | get 0.0389% / 8h | 6h 19m | $1.4M | $357K | 25x |
| Short | Gate ZRX_USDT | 0.1184 | −0.0643 | pay 0.0643% / 8h | 6h 19m | $141K | $37K | 75x |
Bybit ZRXUSDT
Gate ZRX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$53.33
- Price spread: −0.135% → −0.065%
- −$7.01
- Slippage, 4 orders
- −$412.83
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$499.16
- Costs to cover
- 4.388%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 27 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, 5 min ago | 6.33 bp | 56.2 bp −$56 | 334.3 bp −$3,343 | doesn't fit | doesn't fit |
| Sell Gate live order book, 27 min ago | 10.56 bp | 144.3 bp −$144 | doesn't fit | doesn't fit | doesn't fit |
ZRX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRX_USDTshort | −0.0643% | 8h | 0.1184 | −0.135% | $141K | $37K | 75x | |
| Bybit ZRXUSDTlong | −0.0389% | 8h | 0.1185 | long leg | $1.4M | $357K | 25x | |
| BloFin ZRX-USDT | +0.0077% | 4h | 0.1185 | −0.034% | $91K | $23K | 50x | as long as short |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1185 | −0.001% | $1.7M | $1.4M | 50x | as long as short |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1186 | +0.051% | $522K | $356K | 20x | as long as short |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1185 | −0.034% | $878K | $170K | 50x | as long as short |
| KuCoin ZRXUSDTM | +0.0100% | 4h | 0.1187 | +0.135% | $294K | $57K | 30x | as long as short |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1187 | +0.135% | $591K | $142K | 50x | as long as short |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1186 | +0.051% | — | $2.3M | — | as long as short |
| Variational Omni ZRX | +0.0100% | 8h | 0.1186 | +0.034% | $22K | $13K | — | as long as short |
BloFin ZRX-USDT
Binance ZRXUSDT
OKX ZRX-USDT-SWAP
MEXC ZRX_USDT
KuCoin ZRXUSDTM
Bitget ZRXUSDT
BingX ZRX-USDT
Variational Omni ZRXShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZRXUSD | +0.1109% | 1h | 0.1188 | +0.223% | $38K | $6K | 10x | as long as short |
Kraken Futures PF_ZRXUSD