Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.033%
Price spread now: Bybit against Gate+0.050%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$490as in the Funding arb table
Net, price: spread back to 7d avg − costs−$461as in the Price arb table
costs, in and out, $10k−$4604.601% of the position
Funding, last 7 days−0.299%−$30 on $10k
+Price spread, last 4 days (all we have)+0.392%+$39 · spread now +0.050%, 7d avg +0.060%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ZRX_USDT | 0.1212 | 0.0100 | pay 0.0100% / 8h | 5h 36m | $146K | $42K | 75x |
| Short | Bybit ZRXUSDT | 0.1213 | 0.0100 | get 0.0100% / 8h | 5h 36m | $1.4M | $381K | 25x |
Gate ZRX_USDT
Bybit ZRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: +0.050% → +0.060%
- −$1.03
- Slippage, 4 orders
- −$434.08
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$461.11
- Costs to cover
- 4.601%
- Break-even
- never at this rate
Slippage from Gate: live order book, 19 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 Gate live order book, 19 min ago | 9.07 bp | 119.0 bp −$119 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 6.18 bp | 62.5 bp −$62 | 207.9 bp −$2,079 | doesn't fit | doesn't fit |
ZRX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ZRX-USDT | +0.0097% | 4h | 0.1212 | 0.000% | $95K | $20K | 50x | as long as short |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1213 | +0.083% | $1.8M | $1.3M | 50x | as long as short |
| Bybit ZRXUSDTshort | +0.0100% | 8h | 0.1213 | +0.050% | $1.4M | $381K | 25x | |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1213 | +0.107% | $535K | $333K | 20x | as long as short |
| Gate ZRX_USDTlong | +0.0100% | 8h | 0.1212 | long leg | $146K | $42K | 75x | |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1213 | +0.083% | $917K | $169K | 50x | as long as short |
| KuCoin ZRXUSDTM | +0.0100% | 4h | 0.1210 | −0.165% | $325K | $47K | 30x | as long as short |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1212 | 0.000% | $583K | $123K | 50x | as long as short |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1215 | +0.248% | — | $2.3M | — | as long as short |
| Variational Omni ZRX | +0.0100% | 8h | 0.1213 | +0.046% | $23K | $41K | — | 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 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZRXUSD | +0.1646% | 1h | 0.1217 | +0.374% | $40K | $4K | 10x | as long as short |
Kraken Futures PF_ZRXUSD