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

ZRX

all ZRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against BingX−0.157%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$433as in the Funding arb table
Net, price: spread back to 7d avg − costs−$439as in the Price arb table
costs, in and out, $10k−$4274.274% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.051%−$5 on $10k
Price spread, last 4 days (all we have)+0.266%+$27 · spread now −0.157%, 7d avg −0.043%
Together, before fees+0.216%+$22 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.114% cheaper against BingX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZRX-USDT0.12080.0100pay 0.0050% / 4h31m 15s$2.3M
ShortGate ZRX_USDT0.12060.0100get 0.0100% / 8h4h 31m$146K$42K75x

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
$0
Price spread: −0.157% → −0.043%
−$11.39
Slippage, 4 orders
−$402.44
Fee BingX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$438.83
Costs to cover
4.274%
Break-even
never at this rate
Slippage from BingX: live order book, 2 min ago; Gate: live order book, 19 min ago.

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, 2 min ago8.28 bp31.9 bp −$32122.2 bp −$1,222947.9 bp −$94.8K1372.9 bp −$686.4K
Sell Gate live order book, 19 min ago9.16 bp261.1 bp −$261doesn't fitdoesn't fitdoesn't fit

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+0.0018%4h0.1206−0.166%$321K$46K30xas long as short
Binance ZRXUSDT+0.0100%4h0.1208+0.040%$1.8M$1.3M50xas long as short
Bybit ZRXUSDT+0.0100%8h0.1207−0.041%$1.4M$342K25xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.1207−0.116%$530K$348K20xas long as short
Gate ZRX_USDTshort+0.0100%8h0.1206−0.157%$146K$42K75x
MEXC ZRX_USDT+0.0100%4h0.1209+0.083%$914K$169K50xas long as short
Bitget ZRXUSDT+0.0100%4h0.1207−0.083%$580K$121K50xas long as short
BingX ZRX-USDTlong+0.0100%4h0.1208long leg$2.3M
Variational Omni ZRX+0.0100%8h0.1202−0.485%$23K$18Kas long as short
BloFin ZRX-USDT+0.0142%4h0.1206−0.166%$94K$23K50xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.0967%1h0.1211+0.283%$39K$4K10xas long as short