Funding you earn now, next payment 12:00 UTC−0.0604%/8h= −66.1% APRpaid last 24h 0.000%
Price spread now: Gate against BingX−0.321%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$437as in the Funding arb table
Net, price: spread back to 7d avg − costs−$459as in the Price arb table
costs, in and out, $10k−$4314.313% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)+0.350%+$35 · spread now −0.321%, 7d avg −0.048%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Gate is 0.273% cheaper against BingX than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.048%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ZRX-USDT | 0.1185 | 0.0100 | pay 0.0050% / 4h | 3h 51m | — | $2.3M | — |
| Short | Gate ZRX_USDT | 0.1181 | −0.0504 | pay 0.0504% / 8h | 7h 51m | $142K | $36K | 75x |
BingX ZRX-USDT
Gate ZRX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$126.84
- Price spread: −0.321% → −0.048%
- −$27.25
- Slippage, 4 orders
- −$406.31
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$585.4
- Costs to cover
- 4.313%
- Break-even
- never at this rate
Slippage from BingX: live order book, 12 min ago; Gate: live order book, 39 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BingX live order book, 12 min ago | 12.65 bp | 40.7 bp −$41 | 114.9 bp −$1,149 | 830.3 bp −$83.0K | 1323.6 bp −$661.8K |
| Sell Gate live order book, 39 min ago | 8.88 bp | 245.1 bp −$245 | doesn't fit | doesn't fit | doesn't fit |
ZRX on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRX_USDTshort | −0.0504% | 8h | 0.1181 | −0.321% | $142K | $36K | 75x | |
| Bybit ZRXUSDT | −0.0076% | 8h | 0.1184 | −0.068% | $1.4M | $341K | 25x | as long as short |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1184 | −0.076% | $1.7M | $1.4M | 50x | as long as short |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1184 | −0.110% | $519K | $355K | 20x | as long as short |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1184 | −0.084% | $888K | $167K | 50x | as long as short |
| KuCoin ZRXUSDTM | +0.0100% | 4h | 0.1185 | 0.000% | $294K | $58K | 30x | as long as short |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1184 | −0.084% | $590K | $124K | 50x | as long as short |
| BingX ZRX-USDTlong | +0.0100% | 4h | 0.1185 | long leg | — | $2.3M | — | |
| Variational Omni ZRX | +0.0100% | 8h | 0.1184 | −0.059% | $22K | $13K | — | as long as short |
| BloFin ZRX-USDT | +0.0110% | 4h | 0.1181 | −0.338% | $91K | $23K | 50x | as long as short |
Bybit ZRXUSDT
Binance ZRXUSDT
OKX ZRX-USDT-SWAP
MEXC ZRX_USDT
KuCoin ZRXUSDTM
Bitget ZRXUSDT
Variational Omni ZRX
BloFin ZRX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZRXUSD | +0.0756% | 1h | 0.1188 | +0.226% | $38K | $6K | 10x | as long as short |
Kraken Futures PF_ZRXUSD