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

ZRX

all ZRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against MEXC+0.168%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$840.838% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.032%+$3 on $10k
Price spread, last 7 days−0.153%−$15 · spread now +0.168%, 7d avg +0.013%
Together, before fees−0.121%−$12 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: BingX is 0.155% dearer against MEXC than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ZRX_USDT0.11900.0100pay 0.0050% / 4h1h 10m$894K$165K50x
ShortBingX ZRX-USDT0.11920.0100get 0.0050% / 4h1h 10m$2.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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: +0.168% → +0.013%
$15.48
Slippage, 4 orders
−$69.79
Fee MEXC: 2 bp × 2 orders
−$4
Fee BingX: 5 bp × 2 orders
−$10
Net
−$68.31
Costs to cover
0.838%
Break-even
never at this rate
Slippage from MEXC: live order book, 25 min ago; BingX: live order book, 8 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 MEXC live order book, 25 min ago4.22 bp12.2 bp −$1259.0 bp −$590225.6 bp −$22.6Kdoesn't fit
Sell BingX live order book, 8 min ago12.61 bp30.8 bp −$3177.0 bp −$770356.1 bp −$35.6K860.1 bp −$430.0K

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
Binance ZRXUSDT+0.0100%4h0.1191+0.043%$1.7M$1.4M50xas long as short
Bybit ZRXUSDT+0.0100%8h0.1190−0.008%$1.4M$338K25xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.11900.000%$523K$364K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1188−0.126%$142K$40K75xas long as short
MEXC ZRX_USDTlong+0.0100%4h0.1190long leg$894K$165K50x
KuCoin ZRXUSDTM+0.0100%4h0.1191+0.084%$298K$58K30xas long as short
Bitget ZRXUSDT+0.0100%4h0.11900.000%$598K$139K50xas long as short
BingX ZRX-USDTshort+0.0100%4h0.1192+0.168%$2.3M
Variational Omni ZRX+0.0100%8h0.1189−0.082%$23K$13Kas long as short
BloFin ZRX-USDT+0.0106%4h0.1189−0.084%$92K$23K50xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.2099%1h0.1190+0.042%$38K$5K10xas long as short