Funding you earn now, next payment 12:00 UTC−0.0004%/8h= −0.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Binance0.000%71s7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$840.838% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 4 days (all we have)+0.176%+$18 · spread now 0.000%, 7d avg +0.015%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZBTUSDT | 0.08624 | 0.0100 | pay 0.0050% / 4h | 3h 16m | $3.5M | $5.5M | 50x |
| Short | BloFin ZBT-USDT | 0.08624 | 0.0096 | get 0.0048% / 4h | 3h 16m | $149K | $42K | 50x |
Binance ZBTUSDT
BloFin ZBT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$0.89
- Price spread: 0.000% → +0.015%
- −$1.49
- Slippage, 4 orders
- −$61.85
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$86.24
- Costs to cover
- 0.838%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; BloFin: live order book, 48 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 Binance live order book, 7 min ago | 1.16 bp | 23.6 bp −$24 | 107.6 bp −$1,076 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 48 min ago | 2.31 bp | 25.5 bp −$26 | 61.6 bp −$616 | doesn't fit | doesn't fit |
ZBT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZBTUSD | −0.0650% | 1h | 0.08620 | −0.052% | $8K | $3K | 10x | as long as short |
| BloFin ZBT-USDTshort | +0.0096% | 4h | 0.08624 | 0.000% | $149K | $42K | 50x | |
| Aster ZBTUSDT | +0.0100% | 4h | 0.08614 | −0.121% | $9K | $47K | 5x | as long as short |
| Binance ZBTUSDTlong | +0.0100% | 4h | 0.08624 | long leg | $3.5M | $5.5M | 50x | |
| Bybit ZBTUSDT | +0.0100% | 4h | 0.08628 | +0.046% | $941K | $1.1M | 25x | as long as short |
| OKX ZBT-USDT-SWAP | +0.0100% | 4h | 0.08624 | 0.000% | $630K | $2.3M | 10x | as long as short |
| MEXC ZBT_USDT | +0.0100% | 4h | 0.08625 | +0.012% | $1.7M | $354K | 100x | as long as short |
| KuCoin ZBTUSDTM | +0.0100% | 4h | 0.08627 | +0.035% | $661K | $9.4M | 50x | as long as short |
| Bitget ZBTUSDT | +0.0100% | 4h | 0.08622 | −0.023% | $6.2M | $341K | 10x | as long as short |
| BingX ZBT-USDT | +0.0100% | 4h | 0.08625 | +0.012% | — | $1.3M | — | as long as short |
Kraken Futures PF_ZBTUSD
Aster ZBTUSDT
Bybit ZBTUSDT
OKX ZBT-USDT-SWAP
MEXC ZBT_USDT
KuCoin ZBTUSDTM
Bitget ZBTUSDT
BingX ZBT-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZBT | +0.0100% | 4h | 0.08616 | −0.090% | $1K | $12K | — | as long as short |
| Extended ZBT-USD | +0.0104% | 1h | 0.08622 | −0.026% | $3K | $200K | 5x | as long as short |
| Gate ZBT_USDT | +0.0872% | 8h | 0.08630 | +0.070% | $562K | $750K | 50x | as long as short |
Variational Omni ZBT
Extended ZBT-USD
Gate ZBT_USDT