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

ZRX

all ZRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bitget−0.084%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1131.135% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.063%+$6 on $10k
Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.084%, 7d avg +0.040%
Together, before fees+0.103%+$10 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: BingX is 0.123% cheaper against Bitget than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.040%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ZRXUSDT0.11950.0100pay 0.0050% / 4h2h 14m$581K$154K50x
ShortBingX ZRX-USDT0.11940.0100get 0.0050% / 4h2h 14m$2.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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: −0.084% → +0.040%
−$12.33
Slippage, 4 orders
−$91.45
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$125.79
Costs to cover
1.135%
Break-even
never at this rate
Slippage from Bitget: live order book, 6 min ago; BingX: live order book, 3 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 Bitget live order book, 6 min ago8.38 bp26.8 bp −$27135.3 bp −$1,353doesn't fitdoesn't fit
Sell BingX live order book, 3 min ago12.56 bp28.7 bp −$2967.3 bp −$673361.1 bp −$36.1K841.6 bp −$420.8K

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
Bybit ZRXUSDT−0.0075%8h0.1194−0.100%$1.4M$337K25xas long as short
Binance ZRXUSDT+0.0100%4h0.1194−0.047%$1.8M$1.1M50xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.1197+0.126%$531K$233K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1194−0.117%$146K$40K75xas long as short
MEXC ZRX_USDT+0.0100%4h0.1194−0.084%$886K$163K50xas long as short
KuCoin ZRXUSDTM+0.0100%4h0.1194−0.084%$331K$57K30xas long as short
Bitget ZRXUSDTlong+0.0100%4h0.1195long leg$581K$154K50x
BingX ZRX-USDTshort+0.0100%4h0.1194−0.084%$2.3M
Variational Omni ZRX+0.0100%8h0.1193−0.168%$29K$35Kas long as short
BloFin ZRX-USDT+0.0149%4h0.1193−0.167%$95K$19K50xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.0363%1h0.1197+0.167%$40K$2K10xas long as short