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 +0.033%
Price spread now: Bitget against Bybit−0.165%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$200as in the Price arb table
costs, in and out, $10k−$1901.897% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.289%+$29 on $10k
Price spread, last 4 days (all we have)−0.208%−$21 · spread now −0.165%, 7d avg −0.060%
Together, before fees+0.081%+$8 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: Bitget is 0.105% cheaper against Bybit than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.060%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZRXUSDT0.12150.0100pay 0.0100% / 8h5h 17m$1.5M$379K25x
ShortBitget ZRXUSDT0.12130.0100get 0.0050% / 4h1h 17m$583K$123K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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: −0.165% → −0.060%
−$10.5
Slippage, 4 orders
−$166.74
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$200.23
Costs to cover
1.897%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 43 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 Bybit live order book, 4 min ago5.76 bp57.0 bp −$57197.4 bp −$1,974doesn't fitdoesn't fit
Sell Bitget live order book, 43 min ago8.23 bp30.2 bp −$3089.2 bp −$892doesn'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
BloFin ZRX-USDT+0.0097%4h0.1216+0.082%$96K$23K50xas long as short
Binance ZRXUSDT+0.0100%4h0.1214−0.049%$1.8M$1.3M50xas long as short
Bybit ZRXUSDTlong+0.0100%8h0.1215long leg$1.5M$379K25x
OKX ZRX-USDT-SWAP+0.0100%4h0.1213−0.132%$535K$335K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1213−0.148%$146K$43K75xas long as short
MEXC ZRX_USDT+0.0100%4h0.12150.000%$919K$170K50xas long as short
KuCoin ZRXUSDTM+0.0100%4h0.1213−0.165%$326K$47K30xas long as short
Bitget ZRXUSDTshort+0.0100%4h0.1213−0.165%$583K$123K50x
BingX ZRX-USDT+0.0100%4h0.1216+0.082%$2.3Mas long as short
Variational Omni ZRX+0.0100%8h0.1215−0.002%$23K$41Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.1647%1h0.1216+0.090%$40K$4K10xas long as short