Settings8H · net · $10k
Funding arb · Price arb /

ZRX

all ZRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.27 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against KuCoin+0.416%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.054%+$5 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.416% dearer against KuCoin than usual: you sell high and buy low: +$42 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZRXUSDTM0.12030.0086pay 0.0043% / 4h1h 02m$324K$47K30x
ShortBloFin ZRX-USDT0.12080.0140get 0.0070% / 4h1h 02m$96K$23K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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
$11.3
Price spread: +0.416% → 0.000%
$41.56
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
$28.86
Costs to cover
0.240%
Break-even
from the start
Slippage unknown: KuCoin: live order book, 19 min ago; BloFin: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 19 min ago24.75 bp382.3 bp −$382doesn't fitdoesn't fitdoesn't fit
Sell BloFin no order-book sample
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 ZRXUSDTMlong+0.0086%4h0.1203long leg$324K$47K30x
Binance ZRXUSDT+0.0100%4h0.1204+0.102%$1.8M$1.3M50xas long as short
Bybit ZRXUSDT+0.0100%8h0.1203+0.025%$1.4M$350K25xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.1204+0.075%$530K$331K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1204+0.091%$146K$44K75xas long as short
MEXC ZRX_USDT+0.0100%4h0.1204+0.083%$910K$172K50xas long as short
Bitget ZRXUSDT+0.0100%4h0.1204+0.083%$579K$122K50xas long as short
BingX ZRX-USDT+0.0100%4h0.1206+0.249%$2.3Mas long as short
Variational Omni ZRX+0.0100%8h0.1208+0.384%$23K$24Kas long as short
BloFin ZRX-USDTshort+0.0140%4h0.1208+0.416%$96K$23K50x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.1653%1h0.1211+0.681%$39K$4K10xas long as short