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

ZRX

all ZRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Bitget−0.084%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$790.792% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.027%+$3 on $10k
Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.084%, 7d avg +0.033%
Together, before fees+0.111%+$11 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: MEXC is 0.117% cheaper against Bitget than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ZRXUSDT0.11970.0100pay 0.0050% / 4h3h 28m$581K$112K50x
ShortMEXC ZRX_USDT0.11960.0100get 0.0050% / 4h3h 28m$896K$159K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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: −0.084% → +0.033%
−$11.66
Slippage, 4 orders
−$63.23
Fee Bitget: 6 bp × 2 orders
−$12
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$90.9
Costs to cover
0.792%
Break-even
never at this rate
Slippage from Bitget: live order book, 41 min ago; MEXC: live order book, 37 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, 41 min ago8.40 bp27.7 bp −$28145.1 bp −$1,451doesn't fitdoesn't fit
Sell MEXC live order book, 37 min ago8.39 bp12.3 bp −$1256.9 bp −$569197.2 bp −$19.7Kdoesn'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
KuCoin ZRXUSDTM+0.0018%4h0.1195−0.167%$327K$59K30xas long as short
BloFin ZRX-USDT+0.0085%4h0.1196−0.084%$94K$19K50xas long as short
Binance ZRXUSDT+0.0100%4h0.1196−0.062%$1.8M$1.2M50xas long as short
Bybit ZRXUSDT+0.0100%8h0.1197−0.042%$1.4M$335K25xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.1198+0.075%$532K$268K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1197−0.033%$146K$41K75xas long as short
MEXC ZRX_USDTshort+0.0100%4h0.1196−0.084%$896K$159K50x
Bitget ZRXUSDTlong+0.0100%4h0.1197long leg$581K$112K50x
BingX ZRX-USDT+0.0100%4h0.11970.000%$2.3Mas long as short
Variational Omni ZRX+0.0100%8h0.1196−0.057%$23K$41Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.0633%1h0.1199+0.139%$39K$4K10xas long as short