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% APRpaid last 24h 0.000%
Price spread now: BingX against Gate+0.101%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$407as in the Funding arb table
Net, price: spread back to 7d avg − costs−$407as in the Price arb table
costs, in and out, $10k−$4124.119% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.051%+$5 on $10k
Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.101%, 7d avg +0.048%
Together, before fees−0.080%−$8 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 0.053% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ZRX_USDT0.11870.0100pay 0.0100% / 8h39m 16s$142K$37K75x
ShortBingX ZRX-USDT0.11880.0100get 0.0050% / 4h39m 16s$2.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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: +0.101% → +0.048%
$5.3
Slippage, 4 orders
−$386.93
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BingX: 5 bp × 2 orders
−$10
Net
−$406.64
Costs to cover
4.119%
Break-even
never at this rate
Slippage from Gate: live order book, 56 min ago; BingX: live order book, 9 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 Gate live order book, 56 min ago10.56 bp98.8 bp −$99doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 9 min ago12.60 bp37.5 bp −$3778.4 bp −$784356.7 bp −$35.7K875.8 bp −$437.9K

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%4h0.1186−0.027%$1.7M$1.4M50xas long as short
Bybit ZRXUSDT+0.0100%8h0.1187+0.059%$1.4M$340K25xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.11870.000%$521K$362K20xas long as short
Gate ZRX_USDTlong+0.0100%8h0.1187long leg$142K$37K75x
MEXC ZRX_USDT+0.0100%4h0.1187+0.017%$891K$167K50xas long as short
KuCoin ZRXUSDTM+0.0100%4h0.1188+0.101%$297K$58K30xas long as short
Bitget ZRXUSDT+0.0100%4h0.1189+0.185%$593K$138K50xas long as short
BingX ZRX-USDTshort+0.0100%4h0.1188+0.101%$2.3M
Variational Omni ZRX+0.0100%8h0.1189+0.191%$23K$13Kas long as short
BloFin ZRX-USDT+0.0145%4h0.1187+0.017%$91K$23K50xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.0626%1h0.1189+0.223%$38K$5K10xas long as short