ZRX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0344%/8h= +37.7% APRnext payment +$1.72 per $10,000 · paid last 24h +0.027%

Price spread now: MEXC against KuCoin0.000%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$990as in the Funding arb table

Net, price: spread back to 7d avg − costs−$996as in the Price arb table

costs, in and out, $10k−$9919.910% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now 0.000%, 7d avg +0.053%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.053% cheaper against KuCoin than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.053%). If the spread goes back, that is −$5 on $10k: about 12 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.011% in total) that is about 33 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.011% in total (about 0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.72 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	0.1191	−0.0244	get 0.0122% / 4h	23m 20s	$327K	$60K	30x
Short	MEXC ZRX_USDT	0.1191	0.0100	get 0.0050% / 4h	23m 20s	$893K	$160K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $72.24
Price spread: 0.000% → +0.053%: −$5.28
Slippage, 4 orders: −$975.02
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$924.06
Costs to cover: 9.910%
Break-even: 96.5 days

Slippage from KuCoin: live order book, 38 min ago; MEXC: live order book, 47 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, 38 min ago	16.75 bp	673.5 bp −$674	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 47 min ago	4.19 bp	9.5 bp −$9	52.2 bp −$522	193.0 bp −$19.3K	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	−0.0244%	4h	0.1191	long leg	$327K	$60K	30x
Bybit ZRXUSDT	+0.0002%	8h	0.1191	−0.034%	$1.4M	$341K	25x	as long as short
Binance ZRXUSDT	+0.0100%	4h	0.1191	−0.042%	$1.8M	$1.2M	50x	as long as short
OKX ZRX-USDT-SWAP	+0.0100%	4h	0.1191	−0.025%	$528K	$264K	20x	as long as short
Gate ZRX_USDT	+0.0100%	8h	0.1195	+0.327%	$146K	$41K	75x	as long as short
MEXC ZRX_USDTshort	+0.0100%	4h	0.1191	0.000%	$893K	$160K	50x
Bitget ZRXUSDT	+0.0100%	4h	0.1192	+0.084%	$578K	$120K	50x	as long as short
BingX ZRX-USDT	+0.0100%	4h	0.1191	0.000%	—	$2.3M	—	as long as short
Variational Omni ZRX	+0.0100%	8h	0.1194	+0.240%	$23K	$41K	—	as long as short
BloFin ZRX-USDT	+0.0138%	4h	0.1190	−0.084%	$95K	$19K	50x	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	+0.1205%	1h	0.1194	+0.232%	$39K	$4K	10x	as long as short