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+0.0013%/8h= +1.4% APRnext payment +$0.06 per $10,000 · paid last 24h −0.011%
Price spread now: KuCoin against BloFin−0.336%110s7-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−0.060%−$6 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. KuCoin is 0.336% cheaper against BloFin than usual: you would sell low and buy high (spread −0.336% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$34 on $10k: about 3 months of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.060%, so the current rate has only just turned in your favour. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ZRX-USDT0.11920.0087pay 0.0044% / 4h1h 39m$92K$23K50x
ShortKuCoin ZRXUSDTM0.11880.0100get 0.0050% / 4h1h 39m$298K$58K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$2.68
Price spread: −0.336% → 0.000%
−$33.56
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$54.88
Costs to cover
0.240%
Break-even
150.6 days
Slippage unknown: BloFin: no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago25.19 bp618.0 bp −$618doesn't fitdoesn'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+0.0087%4h0.1192long leg$92K$23K50x
Binance ZRXUSDT+0.0100%4h0.1185−0.556%$1.7M$1.4M50xas long as short
Bybit ZRXUSDT+0.0100%8h0.1186−0.503%$1.4M$336K25xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.1186−0.520%$520K$359K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1188−0.369%$142K$39K75xas long as short
MEXC ZRX_USDT+0.0100%4h0.1186−0.503%$889K$163K50xas long as short
KuCoin ZRXUSDTMshort+0.0100%4h0.1188−0.336%$298K$58K30x
Bitget ZRXUSDT+0.0100%4h0.1188−0.336%$598K$138K50xas long as short
BingX ZRX-USDT+0.0100%4h0.1187−0.419%$2.3Mas long as short
Variational Omni ZRX+0.0100%8h0.1190−0.198%$23K$13Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.2099%1h0.1191−0.112%$38K$5K10xas long as short