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

ZRX

all ZRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.1413%/8h= +154.8% APRpaid last 24h +0.076%
Price spread now: Kraken Futures against KuCoin+0.376%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 4 days (all we have)no history yet
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 +$42 a day on $10k at the current rate, and Kraken Futures is 0.376% dearer against KuCoin than usual: you sell high and buy low: +$38 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZRXUSDTM0.1189−0.0208get 0.0104% / 4h14m 10s$326K$60K30x
ShortKraken Futures PF_ZRXUSD0.11930.1205get 0.0151% / 1h14m 10s$39K$4K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$296.8
Price spread: +0.376% → 0.000%
$37.59
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$312.39
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: KuCoin: live order book, 47 min ago; Kraken Futures: 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, 47 min ago16.75 bp673.5 bp −$674doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures no order-book sample
Kraken Futures: 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−0.0208%4h0.1189long leg$326K$60K30x
Bybit ZRXUSDT+0.0019%8h0.1192+0.278%$1.4M$341K25xas long as short
BloFin ZRX-USDT+0.0041%4h0.1191+0.168%$95K$19K50xas long as short
Binance ZRXUSDT+0.0100%4h0.1192+0.252%$1.8M$1.2M50xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.1192+0.278%$529K$265K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1194+0.429%$145K$41K75xas long as short
MEXC ZRX_USDT+0.0100%4h0.1191+0.168%$893K$161K50xas long as short
Bitget ZRXUSDT+0.0100%4h0.1193+0.336%$579K$119K50xas long as short
BingX ZRX-USDT+0.0100%4h0.1193+0.336%$2.3Mas long as short
Variational Omni ZRX+0.0100%8h0.1192+0.288%$23K$41Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSDshort+0.1205%1h0.1193+0.376%$39K$4K10x