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 0.000%
Price spread now: Binance against BingX−0.147%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1331.325% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.030%−$3 on $10k
Price spread, last 7 days+0.132%+$13 · spread now −0.147%, 7d avg −0.001%
Together, before fees+0.101%+$10 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: Binance is 0.146% cheaper against BingX than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZRX-USDT0.11870.0100pay 0.0050% / 4h2h 34m$2.3M
ShortBinance ZRXUSDT0.11850.0100get 0.0050% / 4h2h 34m$1.7M$1.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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: −0.147% → −0.001%
−$14.59
Slippage, 4 orders
−$112.52
Fee BingX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$147.11
Costs to cover
1.325%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; Binance: live order book, 15 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 BingX live order book, 10 min ago8.40 bp29.1 bp −$29101.9 bp −$1,019778.3 bp −$77.8K1221.1 bp −$610.6K
Sell Binance live order book, 15 min ago4.18 bp33.4 bp −$3389.1 bp −$891doesn'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 ZRXUSDTshort+0.0100%4h0.1185−0.147%$1.7M$1.4M50x
Bybit ZRXUSDT+0.0100%8h0.1185−0.135%$1.4M$335K25xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.1186−0.110%$519K$356K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1186−0.076%$142K$40K75xas long as short
MEXC ZRX_USDT+0.0100%4h0.1186−0.084%$889K$165K50xas long as short
KuCoin ZRXUSDTM+0.0100%4h0.1188+0.084%$299K$57K30xas long as short
Bitget ZRXUSDT+0.0100%4h0.1185−0.168%$594K$135K50xas long as short
BingX ZRX-USDTlong+0.0100%4h0.1187long leg$2.3M
Variational Omni ZRX+0.0100%8h0.1186−0.062%$23K$13Kas long as short
BloFin ZRX-USDT+0.0106%4h0.1186−0.084%$93K$23K50xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.0989%1h0.1189+0.142%$38K$5K10xas long as short