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

ZRX

all ZRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.19 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Bitget−0.168%45s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.014%−$1 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. BloFin is 0.168% cheaper against Bitget than usual: you would sell low and buy high (spread −0.168% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 15 days of funding at the current rate (+$1 a day). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ZRXUSDT0.11920.0100pay 0.0050% / 4h22m 29s$578K$120K50x
ShortBloFin ZRX-USDT0.11900.0138get 0.0069% / 4h22m 29s$95K$19K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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
$8.05
Price spread: −0.168% → 0.000%
−$16.78
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$32.72
Costs to cover
0.240%
Break-even
35.4 days
Slippage unknown: Bitget: live order book, 52 min ago; BloFin: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 52 min ago8.38 bp24.2 bp −$24136.1 bp −$1,361doesn't fitdoesn't fit
Sell BloFin no order-book sample
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
KuCoin ZRXUSDTM−0.0246%4h0.1189−0.252%$326K$60K30xas long as short
Bybit ZRXUSDT+0.0004%8h0.11920.000%$1.4M$341K25xas long as short
Binance ZRXUSDT+0.0100%4h0.11920.000%$1.8M$1.2M50xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.1192+0.042%$528K$264K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1194+0.143%$145K$41K75xas long as short
MEXC ZRX_USDT+0.0100%4h0.1190−0.168%$892K$160K50xas long as short
Bitget ZRXUSDTlong+0.0100%4h0.1192long leg$578K$120K50x
BingX ZRX-USDT+0.0100%4h0.11920.000%$2.3Mas long as short
Variational Omni ZRX+0.0100%8h0.1194+0.156%$23K$41Kas long as short
BloFin ZRX-USDTshort+0.0138%4h0.1190−0.168%$95K$19K50x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.1205%1h0.1194+0.148%$39K$4K10xas long as short