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

ZRX

all ZRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.027%
Price spread now: Gate against KuCoin−0.118%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,292as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,306as in the Price arb table
costs, in and out, $10k−$1,29212.923% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.006%+$1 on $10k
Price spread, last 4 days (all we have)+0.222%+$22 · spread now −0.118%, 7d avg +0.020%
Together, before fees+0.228%+$23 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.138% cheaper against KuCoin than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZRXUSDTM0.11910.0100pay 0.0050% / 4h3h 31m$336K$57K30x
ShortGate ZRX_USDT0.11900.0100get 0.0100% / 8h3h 31m$146K$41K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$0
Price spread: −0.118% → +0.020%
−$13.77
Slippage, 4 orders
−$1,265.34
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$1,306.11
Costs to cover
12.923%
Break-even
never at this rate
Slippage from KuCoin: live order book, 10 min ago; Gate: live order book, 12 min ago.

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, 10 min ago16.91 bp709.0 bp −$709doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 12 min ago6.36 bp206.1 bp −$206doesn't fitdoesn't fitdoesn't fit

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
Kraken Futures PF_ZRXUSD−0.0413%1h0.1195+0.301%$40K$3K10xas long as short
Bybit ZRXUSDT−0.0074%8h0.1192+0.059%$1.4M$367K25xas long as short
Binance ZRXUSDT+0.0100%4h0.11910.000%$1.8M$1.1M50xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.1191+0.034%$533K$238K20xas long as short
Gate ZRX_USDTshort+0.0100%8h0.1190−0.118%$146K$41K75x
MEXC ZRX_USDT+0.0100%4h0.11910.000%$867K$154K50xas long as short
KuCoin ZRXUSDTMlong+0.0100%4h0.1191long leg$336K$57K30x
Bitget ZRXUSDT+0.0100%4h0.1190−0.084%$578K$189K50xas long as short
BingX ZRX-USDT+0.0100%4h0.1192+0.084%$2.3Mas long as short
Variational Omni ZRX+0.0100%8h0.1187−0.297%$34K$29Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ZRX-USDT+0.0151%4h0.1190−0.084%$95K$18K50xas long as short