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

ZRX

all ZRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%
Price spread now: KuCoin against Bybit−0.074%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$846as in the Funding arb table
Net, price: spread back to 7d avg − costs−$870as in the Price arb table
costs, in and out, $10k−$8728.715% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.251%+$25 on $10k
Price spread, last 4 days (all we have)−0.273%−$27 · spread now −0.074%, 7d avg −0.088%
Together, before fees−0.021%−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZRXUSDT0.12100.0100pay 0.0100% / 8h3h 50m$1.4M$326K25x
ShortKuCoin ZRXUSDTM0.12090.0100get 0.0050% / 4h3h 50m$325K$48K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.074% → −0.088%
$1.32
Slippage, 4 orders
−$848.51
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$870.19
Costs to cover
8.715%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 21 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, 5 min ago6.20 bp65.1 bp −$65219.7 bp −$2,197doesn't fitdoesn't fit
Sell KuCoin live order book, 21 min ago16.54 bp247.1 bp −$247doesn'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
BloFin ZRX-USDT+0.0087%4h0.1212+0.174%$95K$23K50xas long as short
Binance ZRXUSDT+0.0100%4h0.1210+0.008%$1.8M$1.3M50xas long as short
Bybit ZRXUSDTlong+0.0100%8h0.1210long leg$1.4M$326K25x
OKX ZRX-USDT-SWAP+0.0100%4h0.1211+0.083%$531K$344K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1211+0.116%$146K$37K75xas long as short
MEXC ZRX_USDT+0.0100%4h0.1211+0.091%$915K$166K50xas long as short
KuCoin ZRXUSDTMshort+0.0100%4h0.1209−0.074%$325K$48K30x
Bitget ZRXUSDT+0.0100%4h0.1209−0.074%$582K$122K50xas long as short
BingX ZRX-USDT+0.0100%4h0.1210+0.008%$2.3Mas long as short
Variational Omni ZRX+0.0100%8h0.1210+0.049%$23K$15Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.1175%1h0.1214+0.307%$39K$4K10xas long as short