Settings8H · net · $10k
Funding arb · Price arb /

ZRX

all ZRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against MEXC−0.247%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$880.879% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.027%−$3 on $10k
Price spread, last 4 days (all we have)+0.508%+$51 · spread now −0.247%, 7d avg −0.033%
Together, before fees+0.481%+$48 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: Bitget is 0.213% cheaper against MEXC than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ZRX_USDT0.12160.0100pay 0.0050% / 4h1h 41m$919K$169K50x
ShortBitget ZRXUSDT0.12130.0100get 0.0050% / 4h1h 41m$583K$123K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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: −0.247% → −0.033%
−$21.34
Slippage, 4 orders
−$71.9
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$109.24
Costs to cover
0.879%
Break-even
never at this rate
Slippage from MEXC: live order book, 14 min ago; Bitget: live order book, 18 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 MEXC live order book, 14 min ago4.12 bp9.8 bp −$1051.7 bp −$517218.2 bp −$21.8K348.6 bp −$174.3K
Sell Bitget live order book, 18 min ago8.23 bp30.2 bp −$3089.2 bp −$892doesn't fitdoesn't fit

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%4h0.1214−0.183%$1.8M$1.3M50xas long as short
Bybit ZRXUSDT+0.0100%8h0.1214−0.189%$1.5M$381K25xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.1215−0.066%$536K$333K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1215−0.107%$146K$42K75xas long as short
MEXC ZRX_USDTlong+0.0100%4h0.1216long leg$919K$169K50x
KuCoin ZRXUSDTM+0.0100%4h0.1214−0.164%$326K$47K30xas long as short
Bitget ZRXUSDTshort+0.0100%4h0.1213−0.247%$583K$123K50x
BingX ZRX-USDT+0.0100%4h0.1213−0.247%$2.3Mas long as short
Variational Omni ZRX+0.0100%8h0.1210−0.523%$23K$41Kas long as short
BloFin ZRX-USDT+0.0106%4h0.1212−0.329%$96K$20K50xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.1644%1h0.1218+0.161%$40K$4K10xas long as short