Funding you earn now, next payment 08:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h +0.012%
Price spread now: Bitget against KuCoin+0.250%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$805as in the Funding arb table
Net, price: spread back to 7d avg − costs−$787as in the Price arb table
costs, in and out, $10k−$8098.088% of the position
Funding, last 7 days+0.037%+$4 on $10k
+Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.250%, 7d avg +0.028%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.222% dearer against KuCoin than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.028%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ZRXUSDTM | 0.1201 | 0.0054 | pay 0.0027% / 4h | 3h 45m | $321K | $51K | 30x |
| Short | Bitget ZRXUSDT | 0.1204 | 0.0100 | get 0.0050% / 4h | 3h 45m | $604K | $136K | 50x |
KuCoin ZRXUSDTM
Bitget ZRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $9.66
- Price spread: +0.250% → +0.028%
- $22.2
- Slippage, 4 orders
- −$784.84
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$776.98
- Costs to cover
- 8.088%
- Break-even
- 570.0 days
Slippage from KuCoin: live order book, 26 min ago; Bitget: live order book, 4 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy KuCoin live order book, 26 min ago | 16.54 bp | 494.6 bp −$495 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 8.27 bp | 34.7 bp −$35 | 88.6 bp −$886 | doesn't fit | doesn't fit |
ZRX on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZRXUSDTMlong | +0.0054% | 4h | 0.1201 | long leg | $321K | $51K | 30x | |
| BloFin ZRX-USDT | +0.0084% | 4h | 0.1210 | +0.749% | $95K | $23K | 50x | as long as short |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1203 | +0.167% | $1.8M | $1.4M | 50x | as long as short |
| Bybit ZRXUSDT | +0.0100% | 8h | 0.1203 | +0.142% | $1.4M | $332K | 25x | as long as short |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1203 | +0.150% | $528K | $350K | 20x | as long as short |
| Gate ZRX_USDT | +0.0100% | 8h | 0.1201 | +0.008% | $145K | $39K | 75x | as long as short |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1203 | +0.167% | $909K | $166K | 50x | as long as short |
| Bitget ZRXUSDTshort | +0.0100% | 4h | 0.1204 | +0.250% | $604K | $136K | 50x | |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1203 | +0.167% | — | $2.3M | — | as long as short |
| Variational Omni ZRX | +0.0100% | 8h | 0.1202 | +0.099% | $23K | $15K | — | as long as short |
BloFin ZRX-USDT
Binance ZRXUSDT
Bybit ZRXUSDT
OKX ZRX-USDT-SWAP
Gate ZRX_USDT
MEXC ZRX_USDT
BingX ZRX-USDT
Variational Omni ZRXShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZRXUSD | +0.1178% | 1h | 0.1210 | +0.743% | $38K | $5K | 10x | as long as short |
Kraken Futures PF_ZRXUSD