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

ZRX

all ZRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against MEXC0.000%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$670.670% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.005%+$1 on $10k
Price spread, last 4 days (all we have)+0.029%+$3 · spread now 0.000%, 7d avg −0.034%
Together, before fees+0.034%+$3 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: Bitget is 0.034% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ZRX_USDT0.11930.0100pay 0.0050% / 4h1h 15m$906K$166K50x
ShortBitget ZRXUSDT0.11930.0100get 0.0050% / 4h1h 15m$581K$125K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: 0.000% → −0.034%
$3.39
Slippage, 4 orders
−$50.99
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$63.6
Costs to cover
0.670%
Break-even
never at this rate
Slippage from MEXC: live order book, 60 min ago; Bitget: live order book, 64 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, 60 min ago4.19 bp8.2 bp −$840.4 bp −$404212.7 bp −$21.3Kdoesn't fit
Sell Bitget live order book, 64 min ago8.38 bp22.5 bp −$2269.0 bp −$690doesn'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
KuCoin ZRXUSDTM−0.0188%4h0.1190−0.251%$324K$59K30xas long as short
Bybit ZRXUSDT−0.0081%8h0.1193+0.017%$1.4M$343K25xas long as short
Kraken Futures PF_ZRXUSD+0.0035%1h0.1195+0.160%$39K$4K10xas long as short
BloFin ZRX-USDT+0.0094%4h0.1192−0.084%$95K$19K50xas long as short
Binance ZRXUSDT+0.0100%4h0.1192−0.043%$1.8M$1.2M50xas long as short
OKX ZRX-USDT-SWAP+0.0100%4h0.1194+0.101%$532K$253K20xas long as short
Gate ZRX_USDT+0.0100%8h0.1192−0.059%$146K$41K75xas long as short
MEXC ZRX_USDTlong+0.0100%4h0.1193long leg$906K$166K50x
Bitget ZRXUSDTshort+0.0100%4h0.11930.000%$581K$125K50x
BingX ZRX-USDT+0.0100%4h0.1194+0.084%$2.3Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ZRX+0.0100%8h0.1193+0.021%$23K$41Kas long as short