Funding you earn now, next payment 00:00 UTC−0.0174%/8h= −19.0% APRpaid last 24h −0.029%
Price spread now: Bybit against BingX−0.134%7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$171as in the Price arb table
costs, in and out, $10k−$1531.531% of the position
Funding, last 7 days−0.424%−$42 on $10k
+Price spread, last 7 days+0.193%+$19 · spread now −0.134%, 7d avg +0.045%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.179% cheaper against BingX than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.045%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ZRX-USDT | 0.1195 | 0.0100 | pay 0.0050% / 4h | 2h 11m | — | $2.3M | — |
| Short | Bybit ZRXUSDT | 0.1193 | −0.0074 | pay 0.0074% / 8h | 2h 11m | $1.4M | $338K | 25x |
BingX ZRX-USDT
Bybit ZRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$36.52
- Price spread: −0.134% → +0.045%
- −$17.88
- Slippage, 4 orders
- −$132.1
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$207.51
- Costs to cover
- 1.531%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; Bybit: live order book, 5 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 BingX live order book, 7 min ago | 12.56 bp | 35.4 bp −$35 | 85.4 bp −$854 | 731.3 bp −$73.1K | 1172.5 bp −$586.2K |
| Sell Bybit live order book, 5 min ago | 4.19 bp | 36.0 bp −$36 | 230.6 bp −$2,306 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZRXUSDTshort | −0.0074% | 8h | 0.1193 | −0.134% | $1.4M | $338K | 25x | |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1194 | −0.122% | $1.8M | $1.2M | 50x | as long as short |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1196 | +0.075% | $531K | $236K | 20x | as long as short |
| Gate ZRX_USDT | +0.0100% | 8h | 0.1193 | −0.142% | $146K | $41K | 75x | as long as short |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1194 | −0.084% | $886K | $163K | 50x | as long as short |
| KuCoin ZRXUSDTM | +0.0100% | 4h | 0.1193 | −0.167% | $331K | $57K | 30x | as long as short |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1195 | 0.000% | $581K | $154K | 50x | as long as short |
| BingX ZRX-USDTlong | +0.0100% | 4h | 0.1195 | long leg | — | $2.3M | — | |
| Variational Omni ZRX | +0.0100% | 8h | 0.1193 | −0.168% | $29K | $35K | — | as long as short |
| BloFin ZRX-USDT | +0.0157% | 4h | 0.1194 | −0.084% | $96K | $19K | 50x | as long as short |
Binance ZRXUSDT
OKX ZRX-USDT-SWAP
Gate ZRX_USDT
MEXC ZRX_USDT
KuCoin ZRXUSDTM
Bitget ZRXUSDT
Variational Omni ZRX
BloFin ZRX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZRXUSD | +0.0363% | 1h | 0.1196 | +0.089% | $40K | $2K | 10x | as long as short |
Kraken Futures PF_ZRXUSD