Funding you earn now, next payment 00:00 UTC+0.0110%/8h= +12.0% APRpaid last 24h +0.027%
Price spread now: Gate against KuCoin+0.277%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,729as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,704as in the Price arb table
costs, in and out, $10k−$1,72917.295% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.277%, 7d avg +0.022%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.256% dearer against KuCoin than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ZRXUSDTM | 0.1190 | −0.0010 | get 0.0005% / 4h | 1h 49m | $330K | $57K | 30x |
| Short | Gate ZRX_USDT | 0.1193 | 0.0100 | get 0.0100% / 8h | 1h 49m | $146K | $40K | 75x |
KuCoin ZRXUSDTM
Gate ZRX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against KuCoin. 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
- $23.1
- Price spread: +0.277% → +0.022%
- $25.57
- Slippage, 4 orders
- −$1,702.45
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$1,680.78
- Costs to cover
- 17.295%
- Break-even
- 516.3 days
Slippage from KuCoin: live order book, 22 min ago; Gate: live order book, 27 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 KuCoin live order book, 22 min ago | 16.76 bp | 670.6 bp −$671 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 27 min ago | 6.70 bp | 261.0 bp −$261 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZRXUSDT | −0.0143% | 8h | 0.1193 | +0.218% | $1.4M | $328K | 25x | as long as short |
| KuCoin ZRXUSDTMlong | −0.0010% | 4h | 0.1190 | long leg | $330K | $57K | 30x | |
| Kraken Futures PF_ZRXUSD | +0.0035% | 1h | 0.1194 | +0.350% | $40K | $2K | 10x | as long as short |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1192 | +0.210% | $1.8M | $1.2M | 50x | as long as short |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1193 | +0.244% | $531K | $239K | 20x | as long as short |
| Gate ZRX_USDTshort | +0.0100% | 8h | 0.1193 | +0.277% | $146K | $40K | 75x | |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1193 | +0.252% | $885K | $161K | 50x | as long as short |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1192 | +0.168% | $579K | $127K | 50x | as long as short |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1194 | +0.336% | — | $2.3M | — | as long as short |
| Variational Omni ZRX | +0.0100% | 8h | 0.1193 | +0.260% | $29K | $35K | — | as long as short |
Bybit ZRXUSDT
Kraken Futures PF_ZRXUSD
Binance ZRXUSDT
OKX ZRX-USDT-SWAP
MEXC ZRX_USDT
Bitget ZRXUSDT
BingX ZRX-USDT
Variational Omni ZRXShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ZRX-USDT | +0.0110% | 4h | 0.1192 | +0.168% | $95K | $19K | 50x | as long as short |
BloFin ZRX-USDT