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−0.0028%/8h= −3.0% APRnext payment $0.14 per $10,000 · paid last 24h +0.011%
Price spread now: BloFin against KuCoin−0.084%7-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
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.084% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.060%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZRXUSDTM0.11870.0100pay 0.0050% / 4h1h 38m$298K$58K30x
ShortBloFin ZRX-USDT0.11860.0072get 0.0036% / 4h1h 38m$92K$23K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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
−$5.81
Price spread: −0.084% → 0.000%
−$8.42
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$38.23
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago25.19 bp287.2 bp −$287doesn't fitdoesn'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
BloFin ZRX-USDTshort+0.0072%4h0.1186−0.084%$92K$23K50x
Binance ZRXUSDT+0.0100%4h0.1189+0.127%$1.7M$1.4M50xas long as short
Bybit ZRXUSDT+0.0100%8h0.1188+0.059%$1.4M$336K25xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.1186−0.084%$521K$361K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1185−0.135%$142K$39K75xas long as short
MEXC ZRX_USDT+0.0100%4h0.1188+0.084%$891K$163K50xas long as short
KuCoin ZRXUSDTMlong+0.0100%4h0.1187long leg$298K$58K30x
Bitget ZRXUSDT+0.0100%4h0.11870.000%$598K$138K50xas long as short
BingX ZRX-USDT+0.0100%4h0.1188+0.084%$2.3Mas long as short
Variational Omni ZRX+0.0100%8h0.1190+0.223%$23K$13Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.2099%1h0.1191+0.309%$38K$5K10xas long as short