Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.23 per $10,000 · paid last 24h −0.012%
Price spread now: KuCoin against Bitget−0.249%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$813as in the Funding arb table
Net, price: spread back to 7d avg − costs−$831as in the Price arb table
costs, in and out, $10k−$8098.088% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 4 days (all we have)+0.191%+$19 · spread now −0.249%, 7d avg −0.028%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.221% cheaper against Bitget than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ZRXUSDT | 0.1204 | 0.0100 | pay 0.0050% / 4h | 3h 45m | $604K | $136K | 50x |
| Short | KuCoin ZRXUSDTM | 0.1201 | 0.0054 | get 0.0027% / 4h | 3h 45m | $321K | $51K | 30x |
Bitget ZRXUSDT
KuCoin ZRXUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bitget. 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
- −$9.66
- Price spread: −0.249% → −0.028%
- −$22.14
- Slippage, 4 orders
- −$784.84
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$840.64
- Costs to cover
- 8.088%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 26 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 Bitget live order book, 4 min ago | 8.27 bp | 32.4 bp −$32 | 153.4 bp −$1,534 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 26 min ago | 16.54 bp | 247.1 bp −$247 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZRXUSDTMshort | +0.0054% | 4h | 0.1201 | −0.249% | $321K | $51K | 30x | |
| BloFin ZRX-USDT | +0.0084% | 4h | 0.1210 | +0.498% | $95K | $23K | 50x | as long as short |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1203 | −0.083% | $1.8M | $1.4M | 50x | as long as short |
| Bybit ZRXUSDT | +0.0100% | 8h | 0.1203 | −0.108% | $1.4M | $332K | 25x | as long as short |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1203 | −0.100% | $528K | $350K | 20x | as long as short |
| Gate ZRX_USDT | +0.0100% | 8h | 0.1201 | −0.241% | $145K | $39K | 75x | as long as short |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1203 | −0.083% | $909K | $166K | 50x | as long as short |
| Bitget ZRXUSDTlong | +0.0100% | 4h | 0.1204 | long leg | $604K | $136K | 50x | |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1203 | −0.083% | — | $2.3M | — | as long as short |
| Variational Omni ZRX | +0.0100% | 8h | 0.1202 | −0.150% | $23K | $15K | — | as long as short |
BloFin ZRX-USDT
Binance ZRXUSDT
Bybit ZRXUSDT
OKX ZRX-USDT-SWAP
Gate ZRX_USDT
MEXC ZRX_USDT
BingX ZRX-USDT
Variational Omni ZRXShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZRXUSD | +0.1178% | 1h | 0.1210 | +0.492% | $38K | $5K | 10x | as long as short |
Kraken Futures PF_ZRXUSD