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 +0.012%
Price spread now: OKX against KuCoin+0.110%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,035as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,031as in the Price arb table
costs, in and out, $10k−$1,03810.384% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.038%+$4 on $10k
Price spread, last 4 days (all we have)+0.055%+$6 · spread now +0.110%, 7d avg +0.033%
Together, before fees+0.093%+$9 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: OKX is 0.077% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZRXUSDTM0.11850.0100pay 0.0050% / 4h2m 15s$293K$59K30x
ShortOKX ZRX-USDT-SWAP0.11860.0100get 0.0050% / 4h2m 15s$520K$356K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$0
Price spread: +0.110% → +0.033%
$7.66
Slippage, 4 orders
−$1,016.41
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$1,030.75
Costs to cover
10.384%
Break-even
never at this rate
Slippage from KuCoin: live order book, 30 min ago; OKX: live order book, 34 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 KuCoin live order book, 30 min ago12.67 bp379.4 bp −$379doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 34 min ago7.17 bp45.2 bp −$45doesn't fitdoesn't fitdoesn't fit

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+0.169%$1.7M$1.4M50xas long as short
Bybit ZRXUSDT+0.0100%8h0.1186+0.118%$1.4M$337K25xas long as short
OKX ZRX-USDT-SWAPshort+0.0100%4h0.1186+0.110%$520K$356K20x
Gate ZRX_USDT+0.0100%8h0.1185−0.025%$141K$37K75xas long as short
MEXC ZRX_USDT+0.0100%4h0.1187+0.169%$891K$170K50xas long as short
KuCoin ZRXUSDTMlong+0.0100%4h0.1185long leg$293K$59K30x
Bitget ZRXUSDT+0.0100%4h0.1186+0.084%$591K$128K50xas long as short
BingX ZRX-USDT+0.0100%4h0.1186+0.084%$2.3Mas long as short
Variational Omni ZRX+0.0100%8h0.1186+0.050%$22K$13Kas long as short
BloFin ZRX-USDT+0.0158%4h0.1184−0.084%$91K$23K50xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.0626%1h0.1188+0.271%$38K$6K10xas long as short