Settings8H · net · $10k
Funding arb · Price arb /

ZCAT

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0180%/8h= −19.7% APRnext payment $0.90 per $10,000 · paid last 24h −0.054%
Price spread now: Gate against BingX−0.794%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.368%−$37 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.794% cheaper against BingX than usual: you would sell low and buy high (−$79 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZCAT-USDT0.097010.0280pay 0.0140% / 4h2h 09m$1.0M
ShortGate ZCAT_USDT0.096240.0100get 0.0050% / 4h2h 09m$39K$24K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$37.8
Price spread: −0.794% → 0.000%
−$79.37
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$142.17
Costs to cover
0.250%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 15 min ago; Gate: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 15 min ago10.77 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Gate no order-book sample
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZCAT on 4 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZCAT_USDTshort+0.0100%4h0.09624−0.794%$39K$24K10x
BingX ZCAT-USDTlong+0.0280%4h0.09701long leg$1.0M
MEXC ZCAT_USDT+0.0400%4h0.09703+0.021%$158K$196K20xas long as short
Aster ZCATUSDT+1.2898%1h0.09684−0.175%$75K$56K5xas long as short