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 Bitget+0.084%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1421.422% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.061%+$6 on $10k
Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.084%, 7d avg +0.044%
Together, before fees−0.024%−$2 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 0.040% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ZRXUSDT0.11880.0100pay 0.0050% / 4h3h 01m$594K$130K50x
ShortBingX ZRX-USDT0.11890.0100get 0.0050% / 4h3h 01m$2.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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% → +0.044%
$4.01
Slippage, 4 orders
−$120.16
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$138.15
Costs to cover
1.422%
Break-even
never at this rate
Slippage from Bitget: live order book, 48 min ago; BingX: live order book, 1 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 Bitget live order book, 48 min ago8.27 bp32.4 bp −$32153.4 bp −$1,534doesn't fitdoesn't fit
Sell BingX live order book, 1 min ago12.62 bp38.4 bp −$3883.8 bp −$838296.6 bp −$29.7K886.1 bp −$443.1K

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%4h0.1187−0.084%$1.7M$1.4M50xas long as short
Bybit ZRXUSDT+0.0100%8h0.1187−0.051%$1.4M$332K25xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.11880.000%$520K$348K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1187−0.067%$143K$40K75xas long as short
MEXC ZRX_USDT+0.0100%4h0.1187−0.084%$890K$170K50xas long as short
KuCoin ZRXUSDTM+0.0100%4h0.1190+0.168%$301K$55K30xas long as short
Bitget ZRXUSDTlong+0.0100%4h0.1188long leg$594K$130K50x
BingX ZRX-USDTshort+0.0100%4h0.1189+0.084%$2.3M
Variational Omni ZRX+0.0100%8h0.1189+0.100%$23K$13Kas long as short
BloFin ZRX-USDT+0.0136%4h0.1191+0.253%$93K$23K50xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.1198%1h0.1190+0.149%$38K$5K10xas long as short