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% APRpaid last 24h 0.000%
Price spread now: Gate against Bitget−0.101%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$419as in the Funding arb table
Net, price: spread back to 7d avg − costs−$430as in the Price arb table
costs, in and out, $10k−$4204.197% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.010%+$1 on $10k
Price spread, last 4 days (all we have)+0.169%+$17 · spread now −0.101%, 7d avg −0.003%
Together, before fees+0.179%+$18 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: Gate is 0.098% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ZRXUSDT0.11870.0100pay 0.0050% / 4h1h 32m$596K$138K50x
ShortGate ZRX_USDT0.11860.0100get 0.0100% / 8h1h 32m$142K$39K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$0
Price spread: −0.101% → −0.003%
−$9.82
Slippage, 4 orders
−$392.69
Fee Bitget: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$429.51
Costs to cover
4.197%
Break-even
never at this rate
Slippage from Bitget: live order book, 7 min ago; Gate: live order book, 3 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 Bitget live order book, 7 min ago4.22 bp27.8 bp −$28146.1 bp −$1,461doesn't fitdoesn't fit
Sell Gate live order book, 3 min ago10.56 bp239.7 bp −$240doesn't fitdoesn'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
BloFin ZRX-USDT+0.0067%4h0.1185−0.168%$92K$23K50xas long as short
Binance ZRXUSDT+0.0100%4h0.1187+0.022%$1.7M$1.4M50xas long as short
Bybit ZRXUSDT+0.0100%8h0.1186−0.101%$1.4M$338K25xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.1187+0.017%$522K$361K20xas long as short
Gate ZRX_USDTshort+0.0100%8h0.1186−0.101%$142K$39K75x
MEXC ZRX_USDT+0.0100%4h0.11870.000%$891K$164K50xas long as short
KuCoin ZRXUSDTM+0.0100%4h0.1188+0.084%$298K$57K30xas long as short
Bitget ZRXUSDTlong+0.0100%4h0.1187long leg$596K$138K50x
BingX ZRX-USDT+0.0100%4h0.11870.000%$2.3Mas long as short
Variational Omni ZRX+0.0100%8h0.1185−0.131%$23K$13Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.2105%1h0.1187+0.026%$38K$5K10xas long as short