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

ZRX

all ZRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against MEXC+0.083%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$820.823% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.034%+$3 on $10k
Price spread, last 7 days−0.128%−$13 · spread now +0.083%, 7d avg +0.011%
Together, before fees−0.094%−$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: BingX is 0.072% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ZRX_USDT0.12080.0100pay 0.0050% / 4h15m 17s$913K$170K50x
ShortBingX ZRX-USDT0.12090.0100get 0.0050% / 4h15m 17s$2.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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: +0.083% → +0.011%
$7.21
Slippage, 4 orders
−$68.29
Fee MEXC: 2 bp × 2 orders
−$4
Fee BingX: 5 bp × 2 orders
−$10
Net
−$75.08
Costs to cover
0.823%
Break-even
never at this rate
Slippage from MEXC: live order book, 36 min ago; BingX: live order book, 3 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 MEXC live order book, 36 min ago4.16 bp9.9 bp −$1054.5 bp −$545231.4 bp −$23.1Kdoesn't fit
Sell BingX live order book, 3 min ago12.44 bp30.1 bp −$3078.4 bp −$784424.2 bp −$42.4K940.8 bp −$470.4K

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 ZRXUSDTM+0.0058%4h0.1206−0.166%$325K$49K30xas long as short
Binance ZRXUSDT+0.0100%4h0.1208+0.002%$1.8M$1.4M50xas long as short
Bybit ZRXUSDT+0.0100%8h0.1208−0.017%$1.4M$343K25xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.1208−0.008%$530K$349K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1206−0.174%$146K$42K75xas long as short
MEXC ZRX_USDTlong+0.0100%4h0.1208long leg$913K$170K50x
Bitget ZRXUSDT+0.0100%4h0.1206−0.166%$580K$121K50xas long as short
BingX ZRX-USDTshort+0.0100%4h0.1209+0.083%$2.3M
Variational Omni ZRX+0.0100%8h0.1207−0.080%$23K$15Kas long as short
BloFin ZRX-USDT+0.0135%4h0.1210+0.166%$95K$23K50xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZRXUSD+0.0967%1h0.1210+0.201%$39K$4K10xas long as short