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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against BingX+0.059%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1421.418% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.075%−$8 on $10k
Price spread, last 4 days (all we have)+0.188%+$19 · spread now +0.059%, 7d avg −0.038%
Together, before fees+0.113%+$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: OKX is 0.097% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.038%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZRX-USDT0.11930.0100pay 0.0050% / 4h1h 59m$2.3M
ShortOKX ZRX-USDT-SWAP0.11940.0100get 0.0050% / 4h1h 59m$530K$237K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against BingX. 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: +0.059% → −0.038%
$9.67
Slippage, 4 orders
−$121.79
Fee BingX: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$132.12
Costs to cover
1.418%
Break-even
never at this rate
Slippage from BingX: live order book, 4 min ago; OKX: live order book, 21 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 BingX live order book, 4 min ago4.19 bp27.5 bp −$2791.2 bp −$912746.4 bp −$74.6K1282.7 bp −$641.4K
Sell OKX live order book, 21 min ago0.84 bp39.1 bp −$39doesn'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
Bybit ZRXUSDT−0.0116%8h0.1192−0.109%$1.4M$327K25xas long as short
Binance ZRXUSDT+0.0100%4h0.1192−0.084%$1.8M$1.2M50xas long as short
OKX ZRX-USDT-SWAPshort+0.0100%4h0.1194+0.059%$530K$237K20x
Gate ZRX_USDT+0.0100%8h0.1193+0.025%$146K$40K75xas long as short
MEXC ZRX_USDT+0.0100%4h0.1191−0.168%$884K$160K50xas long as short
KuCoin ZRXUSDTM+0.0100%4h0.1191−0.168%$330K$57K30xas long as short
Bitget ZRXUSDT+0.0100%4h0.1191−0.168%$579K$128K50xas long as short
BingX ZRX-USDTlong+0.0100%4h0.1193long leg$2.3M
Variational Omni ZRX+0.0100%8h0.1192−0.105%$29K$35Kas long as short
BloFin ZRX-USDT+0.0136%4h0.1191−0.168%$95K$19K50xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.0364%1h0.1194+0.087%$40K$2K10xas long as short