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

ZRX

all ZRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against MEXC+0.084%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$790.792% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.027%−$3 on $10k
Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.084%, 7d avg −0.033%
Together, before fees−0.111%−$11 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: Bitget is 0.117% dearer against MEXC than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ZRX_USDT0.11960.0100pay 0.0050% / 4h3h 27m$896K$159K50x
ShortBitget ZRXUSDT0.11970.0100get 0.0050% / 4h3h 27m$581K$112K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.084% → −0.033%
$11.67
Slippage, 4 orders
−$63.23
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$67.56
Costs to cover
0.792%
Break-even
never at this rate
Slippage from MEXC: live order book, 38 min ago; Bitget: live order book, 43 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, 38 min ago8.39 bp10.4 bp −$1048.1 bp −$481220.6 bp −$22.1Kdoesn't fit
Sell Bitget live order book, 43 min ago8.40 bp28.8 bp −$2990.7 bp −$907doesn'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
KuCoin ZRXUSDTM+0.0024%4h0.1195−0.084%$327K$59K30xas long as short
BloFin ZRX-USDT+0.0085%4h0.11960.000%$94K$19K50xas long as short
Binance ZRXUSDT+0.0100%4h0.1196+0.021%$1.8M$1.2M50xas long as short
Bybit ZRXUSDT+0.0100%8h0.1197+0.059%$1.4M$335K25xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.1198+0.159%$532K$268K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1197+0.059%$146K$41K75xas long as short
MEXC ZRX_USDTlong+0.0100%4h0.1196long leg$896K$159K50x
Bitget ZRXUSDTshort+0.0100%4h0.1197+0.084%$581K$112K50x
BingX ZRX-USDT+0.0100%4h0.1197+0.084%$2.3Mas long as short
Variational Omni ZRX+0.0100%8h0.1196+0.026%$23K$41Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.0633%1h0.1199+0.220%$39K$4K10xas long as short