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+0.0009%/8h= +0.9% APRnext payment +$0.04 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Bitget+0.084%75s7-day average · you sell dearer than you buy
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−0.014%−$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 0.084% dearer against Bitget than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ZRXUSDT0.11880.0100pay 0.0050% / 4h2h 43m$577K$193K50x
ShortBloFin ZRX-USDT0.11890.0109get 0.0054% / 4h2h 43m$96K$19K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$1.81
Price spread: +0.084% → 0.000%
$8.42
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$13.77
Costs to cover
0.240%
Break-even
60.1 days
Slippage unknown: Bitget: live order book, 41 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 Bitget live order book, 41 min ago4.20 bp31.9 bp −$32140.4 bp −$1,404doesn'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
Bybit ZRXUSDT−0.0036%8h0.1189+0.118%$1.4M$368K25xas long as short
Binance ZRXUSDT+0.0100%4h0.1190+0.168%$1.8M$1.1M50xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.1190+0.126%$531K$233K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1188+0.034%$146K$40K75xas long as short
MEXC ZRX_USDT+0.0100%4h0.1190+0.168%$867K$153K50xas long as short
KuCoin ZRXUSDTM+0.0100%4h0.1189+0.084%$330K$57K30xas long as short
Bitget ZRXUSDTlong+0.0100%4h0.1188long leg$577K$193K50x
BingX ZRX-USDT+0.0100%4h0.1190+0.168%$2.3Mas long as short
Variational Omni ZRX+0.0100%8h0.1189+0.051%$28K$35Kas long as short
BloFin ZRX-USDTshort+0.0109%4h0.1189+0.084%$96K$19K50x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.0365%1h0.1190+0.209%$40K$3K10xas long as short