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

ZRX

all ZRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h −0.031%
Price spread now: Bybit against BloFin+0.141%7-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−0.305%−$31 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 +$2 a day on $10k at the current rate, and Bybit is 0.141% dearer against BloFin than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.305%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ZRX-USDT0.12060.0040pay 0.0020% / 4h1h 05m$95K$23K50x
ShortBybit ZRXUSDT0.12080.0100get 0.0100% / 8h5h 05m$1.4M$350K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$12.59
Price spread: +0.141% → 0.000%
$14.1
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$3.68
Costs to cover
0.230%
Break-even
5.0 days
Slippage unknown: BloFin: no order-book sample; Bybit: live order book, 1 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 Bybit live order book, 1 min ago6.21 bp63.0 bp −$63196.7 bp −$1,967doesn'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+0.0040%4h0.1206long leg$95K$23K50x
Binance ZRXUSDT+0.0100%4h0.1208+0.156%$1.8M$1.3M50xas long as short
Bybit ZRXUSDTshort+0.0100%8h0.1208+0.141%$1.4M$350K25x
OKX ZRX-USDT-SWAP+0.0100%4h0.1207+0.108%$532K$331K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1208+0.141%$146K$44K75xas long as short
MEXC ZRX_USDT+0.0100%4h0.1207+0.083%$912K$172K50xas long as short
KuCoin ZRXUSDTM+0.0100%4h0.12060.000%$324K$47K30xas long as short
Bitget ZRXUSDT+0.0100%4h0.1210+0.332%$582K$122K50xas long as short
BingX ZRX-USDT+0.0100%4h0.1208+0.166%$2.3Mas long as short
Variational Omni ZRX+0.0100%8h0.1208+0.134%$23K$24Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.1652%1h0.1212+0.524%$39K$4K10xas long as short