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−0.0003%/8h= −0.4% APRnext payment $0.02 per $10,000 · paid last 24h +0.001%
Price spread now: BingX against BloFin−0.083%81s7-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+0.077%+$8 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.083% cheaper against BloFin than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ZRX-USDT0.12000.0103pay 0.0052% / 4h45m 51s$95K$19K50x
ShortBingX ZRX-USDT0.11990.0100get 0.0050% / 4h45m 51s$2.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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
−$0.73
Price spread: −0.083% → 0.000%
−$8.33
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$31.06
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: BloFin: no order-book sample; BingX: live order book, 2 min ago. 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 BloFin no order-book sample
Sell BingX live order book, 2 min ago12.52 bp36.2 bp −$3676.2 bp −$762391.6 bp −$39.2K886.2 bp −$443.1K
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−0.0216%4h0.1195−0.417%$328K$59K30xas long as short
Bybit ZRXUSDT−0.0012%8h0.1198−0.133%$1.4M$343K25xas long as short
Binance ZRXUSDT+0.0100%4h0.1198−0.167%$1.8M$1.2M50xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.1199−0.067%$533K$263K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1198−0.150%$146K$41K75xas long as short
MEXC ZRX_USDT+0.0100%4h0.1197−0.250%$909K$157K50xas long as short
Bitget ZRXUSDT+0.0100%4h0.1199−0.083%$583K$122K50xas long as short
BingX ZRX-USDTshort+0.0100%4h0.1199−0.083%$2.3M
Variational Omni ZRX+0.0100%8h0.1199−0.125%$23K$41Kas long as short
BloFin ZRX-USDTlong+0.0103%4h0.1200long leg$95K$19K50x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.1198%1h0.1201+0.081%$39K$4K10xas long as short