ZRX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0326%/8h= +35.7% APRnext payment +$1.63 per $10,000 · paid last 24h +0.027%

Price spread now: Binance against KuCoin+0.251%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,028as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,011as in the Price arb table

costs, in and out, $10k−$1,02910.290% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.251%, 7d avg +0.072%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Binance is 0.178% dearer against KuCoin than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.072%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.012% in total (about 0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.63 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZRXUSDTM	0.1196	−0.0226	get 0.0113% / 4h	48m 07s	$328K	$59K	30x
Short	Binance ZRXUSDT	0.1199	0.0100	get 0.0050% / 4h	48m 07s	$1.8M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee BinancebpOrdersPrice spread, now +0.251%Rate

Funding earned: $68.46
Price spread: +0.251% → +0.072%: $17.85
Slippage, 4 orders: −$1,007.04
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$942.74
Costs to cover: 10.290%
Break-even: 103.4 days

Slippage from KuCoin: live order book, 13 min ago; Binance: live order book, 16 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 13 min ago	16.75 bp	673.5 bp −$674	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	4.19 bp	27.1 bp −$27	123.7 bp −$1,237	doesn't fit	doesn't fit

ZRX on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZRXUSDTMlong	−0.0226%	4h	0.1196	long leg	$328K	$59K	30x
Bybit ZRXUSDT	−0.0016%	8h	0.1199	+0.217%	$1.4M	$340K	25x	as long as short
BloFin ZRX-USDT	+0.0060%	4h	0.1200	+0.334%	$95K	$19K	50x	as long as short
Binance ZRXUSDTshort	+0.0100%	4h	0.1199	+0.251%	$1.8M	$1.2M	50x
OKX ZRX-USDT-SWAP	+0.0100%	4h	0.1199	+0.217%	$533K	$262K	20x	as long as short
Gate ZRX_USDT	+0.0100%	8h	0.1198	+0.201%	$146K	$41K	75x	as long as short
MEXC ZRX_USDT	+0.0100%	4h	0.1198	+0.167%	$910K	$157K	50x	as long as short
Bitget ZRXUSDT	+0.0100%	4h	0.1199	+0.251%	$583K	$122K	50x	as long as short
BingX ZRX-USDT	+0.0100%	4h	0.1200	+0.334%	—	$2.3M	—	as long as short
Variational Omni ZRX	+0.0100%	8h	0.1199	+0.209%	$23K	$41K	—	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZRXUSD	+0.1199%	1h	0.1200	+0.337%	$39K	$4K	10x	as long as short