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

ZRX

all ZRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0041%/8h= +4.4% APRnext payment +$0.20 per $10,000 · paid last 24h +0.001%
Price spread now: Bitget against BloFin+0.254%55s7-day average · you sell dearer than you buy
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−0.023%−$2 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.254% dearer against BloFin than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ZRX-USDT0.11810.0059pay 0.0030% / 4h18m 20s$92K$23K50x
ShortBitget ZRXUSDT0.11840.0100get 0.0050% / 4h18m 20s$591K$140K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
$8.52
Price spread: +0.254% → 0.000%
$25.4
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
$9.92
Costs to cover
0.240%
Break-even
from the start
Slippage unknown: BloFin: no order-book sample; Bitget: live order book, 17 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 Bitget live order book, 17 min ago8.44 bp20.7 bp −$21106.4 bp −$1,064doesn't fitdoesn't fit
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
BloFin ZRX-USDTlong+0.0059%4h0.1181long leg$92K$23K50x
Binance ZRXUSDT+0.0100%4h0.1185+0.339%$1.7M$1.4M50xas long as short
Bybit ZRXUSDT+0.0100%8h0.1184+0.262%$1.4M$337K25xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.1184+0.254%$519K$357K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1181+0.008%$141K$37K75xas long as short
MEXC ZRX_USDT+0.0100%4h0.1184+0.254%$888K$169K50xas long as short
KuCoin ZRXUSDTM+0.0100%4h0.11810.000%$290K$58K30xas long as short
Bitget ZRXUSDTshort+0.0100%4h0.1184+0.254%$591K$140K50x
BingX ZRX-USDT+0.0100%4h0.1183+0.169%$2.3Mas long as short
Variational Omni ZRX+0.0100%8h0.1183+0.165%$22K$13Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.0628%1h0.1185+0.351%$38K$5K10xas long as short