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+0.0030%/8h= +3.3% APRpaid last 24h +0.031%
Price spread now: BloFin against Bybit−0.008%62s7-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+0.306%+$31 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZRXUSDT0.12090.0100pay 0.0100% / 8h7h 04m$1.5M$359K25x
ShortBloFin ZRX-USDT0.12090.0130get 0.0065% / 4h3h 04m$95K$19K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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
$6.34
Price spread: −0.008% → 0.000%
−$0.83
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$17.49
Costs to cover
0.230%
Break-even
26.3 days
Slippage unknown: Bybit: live order book, 2 min ago; BloFin: no order-book sample. 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 Bybit live order book, 2 min ago4.13 bp52.9 bp −$53179.9 bp −$1,799doesn't fitdoesn't fit
Sell BloFin no order-book sample
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+0.0090%4h0.1208−0.091%$331K$58K30xas long as short
Binance ZRXUSDT+0.0100%4h0.1210+0.083%$1.8M$1.2M50xas long as short
Bybit ZRXUSDTlong+0.0100%8h0.1209long leg$1.5M$359K25x
OKX ZRX-USDT-SWAP+0.0100%4h0.1208−0.050%$538K$279K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1210+0.083%$145K$43K75xas long as short
MEXC ZRX_USDT+0.0100%4h0.1210+0.074%$907K$160K50xas long as short
Bitget ZRXUSDT+0.0100%4h0.1210+0.074%$583K$113K50xas long as short
BingX ZRX-USDT+0.0100%4h0.1211+0.157%$2.3Mas long as short
Variational Omni ZRX+0.0100%8h0.1209+0.010%$23K$41Kas long as short
BloFin ZRX-USDTshort+0.0130%4h0.1209−0.008%$95K$19K50x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.0626%1h0.1211+0.196%$39K$4K10xas long as short