Settings8H · net · $10k
My profile
Funding arb · Price arb / Crypto

ZRX

All ZRX markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotZRXUSDT
0.09110spotno funding——$100K1xBuy Binance Spot
SHORT
BinanceZRXUSDT
0.09091−0.0260pay 0.0130% / 4h2h 02m$1.2M$1.1M50xShort Binance
Price gap−0.206%
Funding gap−0.0260% /8h

The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $8 a day and eats that in about 13 hours. At the last 7 days' pace that is about 4.8 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$6−0.0260% /8h now · paid −0.060% over the last 7D
Price+$4spread −0.206% now, avg −0.247% → +0.041% if it goes back
Costs−$1691.685% of $10k · taker + slippage, in and out
Result−$170−1.70%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.060% in total, about −0.0029%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.206%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ZRX on 10 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Watch: Thin at this size52.0 / 32.3 bp
    At $10k entering Binance Spot costs 52.0 bp, fee and slippage, 1.6× Binance’s.
  • Note: Spot in full, margin on the short$10,000 + $200
    The spot leg is bought with the whole $10k; Binance runs at up to 50x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Binance.
  • OK: Only the short pays funding— / 4h
    The spot leg pays no funding; Binance settles every 4h.
    Next 24h at the current rates, on $10k a leg: −$7.80Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, −$7.80.
  • OK: Entry gap works for you−0.206% vs −0.247%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Spot has no open interest$1.2M OI
    Only Binance reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBinance Spot Yes · Binance Yes
    Verified KYC to deposit or trade.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0029%/8h × 21 periods−$6.01
Price spread−0.206% → −0.247% (7d avg)+$4.12
Slippage, 4 orderslive order books−$138.50
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$170.39
Costs to cover1.685%Break-evennever at this rate
Slippage: Binance Spot: live order book, 38 min ago; Binance: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot5.4552.0 bp−$524776.6 bp−$47.8Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance10.9732.3 bp−$3279.3 bp−$793doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert