Funding you earn now, next payment 04:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.90 per $10,000 · paid last 24h −0.039%
Price spread now: KuCoin against MEXC−0.334%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$964as in the Funding arb table
Net, price: spread back to 7d avg − costs−$986as in the Price arb table
costs, in and out, $10k−$9589.579% of the position
Funding, last 7 days−0.065%−$6 on $10k
+Price spread, last 4 days (all we have)+0.264%+$26 · spread now −0.334%, 7d avg −0.054%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and KuCoin is 0.280% cheaper against MEXC than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.054%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ZRX_USDT | 0.1198 | 0.0100 | pay 0.0050% / 4h | 3h 48m | $898K | $157K | 50x |
| Short | KuCoin ZRXUSDTM | 0.1194 | −0.0080 | pay 0.0040% / 4h | 3h 48m | $327K | $59K | 30x |
MEXC ZRX_USDT
KuCoin ZRXUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against MEXC. 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
- −$37.8
- Price spread: −0.334% → −0.054%
- −$27.97
- Slippage, 4 orders
- −$941.9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,023.66
- Costs to cover
- 9.579%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 18 min ago; KuCoin: live order book, 3 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 MEXC live order book, 18 min ago | 8.39 bp | 10.4 bp −$10 | 48.1 bp −$481 | 220.6 bp −$22.1K | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 20.96 bp | 248.6 bp −$249 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZRXUSDTMshort | −0.0080% | 4h | 0.1194 | −0.334% | $327K | $59K | 30x | |
| BloFin ZRX-USDT | +0.0095% | 4h | 0.1198 | 0.000% | $94K | $19K | 50x | as long as short |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1199 | +0.070% | $1.8M | $1.2M | 50x | as long as short |
| Bybit ZRXUSDT | +0.0100% | 8h | 0.1197 | −0.067% | $1.4M | $339K | 25x | as long as short |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1199 | +0.092% | $533K | $269K | 20x | as long as short |
| Gate ZRX_USDT | +0.0100% | 8h | 0.1197 | −0.092% | $147K | $41K | 75x | as long as short |
| MEXC ZRX_USDTlong | +0.0100% | 4h | 0.1198 | long leg | $898K | $157K | 50x | |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1198 | 0.000% | $582K | $121K | 50x | as long as short |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1196 | −0.167% | — | $2.3M | — | as long as short |
| Variational Omni ZRX | +0.0100% | 8h | 0.1197 | −0.111% | $23K | $41K | — | as long as short |
BloFin ZRX-USDT
Binance ZRXUSDT
Bybit ZRXUSDT
OKX ZRX-USDT-SWAP
Gate 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZRXUSD | +0.0631% | 1h | 0.1203 | +0.401% | $39K | $4K | 10x | as long as short |
Kraken Futures PF_ZRXUSD