Funding arb · Price arb /

ZRX

all ZRX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.039%

Price spread now: Gate against KuCoin0.000%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,293as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,300as in the Price arb table

costs, in and out, $10k−$1,29812.976% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 4 days (all we have)+0.131%+$13 · spread now 0.000%, 7d avg +0.026%

Together, before fees+0.178%+$18 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: Gate is 0.026% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZRXUSDTM	0.1211	0.0100	pay 0.0050% / 4h	2h 24m	$326K	$47K	30x
Short	Gate ZRX_USDT	0.1211	0.0100	get 0.0100% / 8h	6h 24m	$145K	$47K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.026%: −$2.59
Slippage, 4 orders: −$1,270.55
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,300.15
Costs to cover: 12.976%
Break-even: never at this rate

Slippage from KuCoin: live order book, 12 min ago; Gate: live order book, 36 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, 12 min ago	20.64 bp	640.1 bp −$640	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 36 min ago	12.07 bp	227.6 bp −$228	doesn't fit	doesn't fit	doesn't fit

ZRX on 10 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
Binance ZRXUSDT	+0.0100%	4h	0.1212	+0.078%	$1.8M	$1.3M	50x	as long as short
Bybit ZRXUSDT	+0.0100%	8h	0.1213	+0.140%	$1.4M	$374K	25x	as long as short
OKX ZRX-USDT-SWAP	+0.0100%	4h	0.1212	+0.107%	$534K	$317K	20x	as long as short
Gate ZRX_USDTshort	+0.0100%	8h	0.1211	0.000%	$145K	$47K	75x
MEXC ZRX_USDT	+0.0100%	4h	0.1212	+0.083%	$921K	$173K	50x	as long as short
KuCoin ZRXUSDTMlong	+0.0100%	4h	0.1211	long leg	$326K	$47K	30x
Bitget ZRXUSDT	+0.0100%	4h	0.1211	0.000%	$582K	$121K	50x	as long as short
BingX ZRX-USDT	+0.0100%	4h	0.1212	+0.083%	—	$2.3M	—	as long as short
Variational Omni ZRX	+0.0100%	8h	0.1210	−0.045%	$23K	$41K	—	as long as short
Kraken Futures PF_ZRXUSD	+0.1931%	1h	0.1215	+0.370%	$40K	$4K	10x	as long as short