Funding arb · Price arb /

ZRX

all ZRX markets

Swap Backtest

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: OKX against Bitget+0.041%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1541.539% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.041%, 7d avg +0.004%

Together, before fees+0.047%+$5 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: OKX is 0.037% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZRXUSDT	0.1214	0.0100	pay 0.0050% / 4h	1h 55m	$584K	$122K	50x
Short	OKX ZRX-USDT-SWAP	0.1215	0.0100	get 0.0050% / 4h	1h 55m	$537K	$329K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee BitgetbpFee OKXbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.004%: $3.7
Slippage, 4 orders: −$131.88
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$150.18
Costs to cover: 1.539%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; OKX: 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 Bitget live order book, 5 min ago	8.23 bp	38.3 bp −$38	166.8 bp −$1,668	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.88 bp	43.7 bp −$44	doesn't fit	doesn't fit	doesn't fit

ZRX on 10 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
Binance ZRXUSDT	+0.0100%	4h	0.1214	−0.015%	$1.8M	$1.3M	50x	as long as short
Bybit ZRXUSDT	+0.0100%	8h	0.1215	+0.074%	$1.4M	$378K	25x	as long as short
OKX ZRX-USDT-SWAPshort	+0.0100%	4h	0.1215	+0.041%	$537K	$329K	20x
Gate ZRX_USDT	+0.0100%	8h	0.1212	−0.148%	$145K	$42K	75x	as long as short
MEXC ZRX_USDT	+0.0100%	4h	0.1214	0.000%	$918K	$168K	50x	as long as short
KuCoin ZRXUSDTM	+0.0100%	4h	0.1211	−0.247%	$320K	$46K	30x	as long as short
Bitget ZRXUSDTlong	+0.0100%	4h	0.1214	long leg	$584K	$122K	50x
BingX ZRX-USDT	+0.0100%	4h	0.1215	+0.082%	—	$2.3M	—	as long as short
Variational Omni ZRX	+0.0100%	8h	0.1216	+0.148%	$23K	$41K	—	as long as short
Kraken Futures PF_ZRXUSD	+0.1646%	1h	0.1217	+0.228%	$40K	$4K	10x	as long as short