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: OKX against MEXC+0.075%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$1051.048% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.031%−$3 on $10k
Price spread, last 4 days (all we have)+0.497%+$50 · spread now +0.075%, 7d avg −0.026%
Together, before fees+0.466%+$47 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: OKX is 0.101% dearer against MEXC than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.026%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ZRX_USDT0.12030.0100pay 0.0050% / 4h1h 02m$909K$172K50x
ShortOKX ZRX-USDT-SWAP0.12040.0100get 0.0050% / 4h1h 02m$530K$331K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: +0.075% → −0.026%
$10.12
Slippage, 4 orders
−$90.81
Fee MEXC: 2 bp × 2 orders
−$4
Fee OKX: 5 bp × 2 orders
−$10
Net
−$94.69
Costs to cover
1.048%
Break-even
never at this rate
Slippage from MEXC: live order book, 54 min ago; OKX: live order book, 59 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, 54 min ago4.12 bp9.8 bp −$1051.7 bp −$517218.2 bp −$21.8K348.6 bp −$174.3K
Sell OKX live order book, 59 min ago2.88 bp43.7 bp −$44doesn'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
KuCoin ZRXUSDTM+0.0086%4h0.12030.000%$324K$47K30xas long as short
Binance ZRXUSDT+0.0100%4h0.1203+0.042%$1.8M$1.3M50xas long as short
Bybit ZRXUSDT+0.0100%8h0.1203+0.025%$1.4M$348K25xas long as short
OKX ZRX-USDT-SWAPshort+0.0100%4h0.1204+0.075%$530K$331K20x
Gate ZRX_USDT+0.0100%8h0.1203−0.008%$145K$44K75xas long as short
MEXC ZRX_USDTlong+0.0100%4h0.1203long leg$909K$172K50x
Bitget ZRXUSDT+0.0100%4h0.1204+0.083%$579K$121K50xas long as short
BingX ZRX-USDT+0.0100%4h0.1205+0.166%$2.3Mas long as short
Variational Omni ZRX+0.0100%8h0.1208+0.384%$23K$24Kas long as short
BloFin ZRX-USDT+0.0140%4h0.1208+0.416%$96K$23K50xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.1656%1h0.1209+0.533%$39K$4K10xas long as short