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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%
Price spread now: BingX against KuCoin−0.252%7-day average +0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$807as in the Funding arb table
Net, price: spread back to 7d avg − costs−$849as in the Price arb table
costs, in and out, $10k−$8178.168% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.098%+$10 on $10k
Price spread, last 4 days (all we have)+0.310%+$31 · spread now −0.252%, 7d avg +0.072%
Together, before fees+0.408%+$41 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: BingX is 0.324% cheaper against KuCoin than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of +0.072%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZRXUSDTM0.11900.0100pay 0.0050% / 4h3h 01m$301K$55K30x
ShortBingX ZRX-USDT0.11870.0100get 0.0050% / 4h3h 01m$2.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$0
Price spread: −0.252% → +0.072%
−$32.4
Slippage, 4 orders
−$794.8
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$849.21
Costs to cover
8.168%
Break-even
never at this rate
Slippage from KuCoin: live order book, 70 min ago; BingX: live order book, 2 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 KuCoin live order book, 70 min ago16.54 bp494.6 bp −$495doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 2 min ago12.62 bp38.4 bp −$3883.8 bp −$838296.6 bp −$29.7K886.1 bp −$443.1K

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
Binance ZRXUSDT+0.0100%4h0.1187−0.210%$1.7M$1.4M50xas long as short
Bybit ZRXUSDT+0.0100%8h0.1187−0.218%$1.4M$331K25xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.1188−0.168%$520K$347K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1187−0.235%$143K$40K75xas long as short
MEXC ZRX_USDT+0.0100%4h0.1187−0.252%$890K$170K50xas long as short
KuCoin ZRXUSDTMlong+0.0100%4h0.1190long leg$301K$55K30x
Bitget ZRXUSDT+0.0100%4h0.1188−0.168%$594K$130K50xas long as short
BingX ZRX-USDTshort+0.0100%4h0.1187−0.252%$2.3M
Variational Omni ZRX+0.0100%8h0.1189−0.068%$23K$13Kas long as short
BloFin ZRX-USDT+0.0136%4h0.1191+0.084%$93K$23K50xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.1198%1h0.1190−0.019%$38K$5K10xas long as short