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+0.0134%/8h= +14.7% APRnext payment +$1.34 per $10,000 · paid last 24h +0.029%
Price spread now: Variational Omni against Bybit−0.330%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. Variational Omni is 0.330% cheaper against Bybit than usual: you would sell low and buy high (spread −0.330% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$33 on $10k: about 8.2 days of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZRXUSDT0.1194−0.0034get 0.0034% / 8h2h 37m$1.4M$373K25x
ShortVariational Omni ZRX0.11900.0100get 0.0100% / 8h2h 37m$29K$35K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
$28.16
Price spread: −0.330% → 0.000%
−$33.04
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$15.88
Costs to cover
0.110%
Break-even
10.9 days
Slippage unknown: Bybit: live order book, 4 min ago; Variational Omni: 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 Bybit live order book, 4 min ago2.10 bp41.6 bp −$42doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni no order-book sample
Variational Omni: 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 ZRXUSDTlong−0.0034%8h0.1194long leg$1.4M$373K25x
BloFin ZRX-USDT+0.0073%4h0.1189−0.394%$95K$19K50xas long as short
Binance ZRXUSDT+0.0100%4h0.1195+0.067%$1.8M$1.2M50xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.1196+0.168%$532K$239K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1192−0.117%$146K$40K75xas long as short
MEXC ZRX_USDT+0.0100%4h0.1195+0.109%$887K$161K50xas long as short
KuCoin ZRXUSDTM+0.0100%4h0.1193−0.059%$331K$57K30xas long as short
Bitget ZRXUSDT+0.0100%4h0.1195+0.109%$580K$191K50xas long as short
BingX ZRX-USDT+0.0100%4h0.1195+0.109%$2.3Mas long as short
Variational Omni ZRXshort+0.0100%8h0.1190−0.330%$29K$35K
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.0362%1h0.1198+0.368%$40K$3K10xas long as short