ZRX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0224%/8h= −24.5% APRnext payment −$1.12 per $10,000 · paid last 24h −0.027%

Price spread now: KuCoin against BingX−0.084%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,045as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,039as in the Price arb table

costs, in and out, $10k−$1,03710.371% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.084%, 7d avg −0.061%

Together, before fees−0.061%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.023% cheaper against BingX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.061%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.079% in total (about -4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.12 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZRX-USDT	0.1194	0.0100	pay 0.0050% / 4h	3h 57m	—	$2.3M	—
Short	KuCoin ZRXUSDTM	0.1193	−0.0124	pay 0.0062% / 4h	3h 57m	$327K	$60K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee BingXbpFee KuCoinbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$47.04
Price spread: −0.084% → −0.061%: −$2.26
Slippage, 4 orders: −$1,015.14
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,086.44
Costs to cover: 10.371%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; KuCoin: live order book, 64 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 BingX live order book, 10 min ago	12.60 bp	30.8 bp −$31	89.2 bp −$892	784.6 bp −$78.5K	1223.7 bp −$611.9K
Sell KuCoin live order book, 64 min ago	16.75 bp	298.8 bp −$299	doesn't fit	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
KuCoin ZRXUSDTMshort	−0.0124%	4h	0.1193	−0.084%	$327K	$60K	30x
BloFin ZRX-USDT	+0.0091%	4h	0.1194	0.000%	$94K	$19K	50x	as long as short
Binance ZRXUSDT	+0.0100%	4h	0.1195	+0.076%	$1.8M	$1.2M	50x	as long as short
Bybit ZRXUSDT	+0.0100%	8h	0.1195	+0.101%	$1.4M	$339K	25x	as long as short
OKX ZRX-USDT-SWAP	+0.0100%	4h	0.1194	+0.017%	$531K	$265K	20x	as long as short
Gate ZRX_USDT	+0.0100%	8h	0.1193	−0.059%	$145K	$40K	75x	as long as short
MEXC ZRX_USDT	+0.0100%	4h	0.1195	+0.084%	$896K	$157K	50x	as long as short
Bitget ZRXUSDT	+0.0100%	4h	0.1195	+0.084%	$580K	$117K	50x	as long as short
BingX ZRX-USDTlong	+0.0100%	4h	0.1194	long leg	—	$2.3M	—
Variational Omni ZRX	+0.0100%	8h	0.1193	−0.047%	$23K	$41K	—	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZRXUSD	+0.0634%	1h	0.1198	+0.304%	$39K	$4K	10x	as long as short