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

ZRX

all ZRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0008%/8h= −0.9% APRnext payment $0.04 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Binance−0.042%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−0.010%−$1 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.042% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ZRXUSDT0.11920.0100pay 0.0050% / 4h1h 10m$1.8M$1.2M50x
ShortBloFin ZRX-USDT0.11920.0092get 0.0046% / 4h1h 10m$95K$19K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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
−$1.74
Price spread: −0.042% → 0.000%
−$4.19
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$27.93
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 8 min ago; BloFin: 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 Binance live order book, 8 min ago4.19 bp32.7 bp −$33199.8 bp −$1,998doesn't fitdoesn't fit
Sell BloFin no order-book sample
BloFin: 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.

ZRX on 11 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
KuCoin ZRXUSDTM−0.0200%4h0.1192−0.042%$324K$59K30xas long as short
Bybit ZRXUSDT−0.0064%8h0.1193+0.017%$1.4M$342K25xas long as short
Kraken Futures PF_ZRXUSD+0.0035%1h0.1195+0.191%$39K$4K10xas long as short
BloFin ZRX-USDTshort+0.0092%4h0.1192−0.042%$95K$19K50x
Binance ZRXUSDTlong+0.0100%4h0.1192long leg$1.8M$1.2M50x
OKX ZRX-USDT-SWAP+0.0100%4h0.1193+0.008%$532K$253K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1192−0.017%$146K$41K75xas long as short
MEXC ZRX_USDT+0.0100%4h0.1193+0.042%$906K$167K50xas long as short
Bitget ZRXUSDT+0.0100%4h0.1193+0.042%$580K$125K50xas long as short
BingX ZRX-USDT+0.0100%4h0.1192−0.042%$2.3Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ZRX+0.0100%8h0.1193+0.042%$23K$41Kas long as short