Funding you earn now, next payment 08:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.21 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against BingX−0.059%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$790.791% of the position
Funding, last 7 days−0.217%−$22 on $10k
+Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.059%, 7d avg −0.022%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.038% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.022%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ZBT-USDT | 0.08410 | 0.0100 | pay 0.0050% / 4h | 3h 58m | — | $1.3M | — |
| Short | BloFin ZBT-USDT | 0.08405 | 0.0059 | get 0.0029% / 4h | 3h 58m | $149K | $20K | 50x |
BingX ZBT-USDT
BloFin ZBT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$8.68
- Price spread: −0.059% → −0.022%
- −$3.78
- Slippage, 4 orders
- −$57.13
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$91.58
- Costs to cover
- 0.791%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; BloFin: live order book, 30 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 BingX live order book, 7 min ago | 3.58 bp | 20.4 bp −$20 | 72.0 bp −$720 | 605.7 bp −$60.6K | 1232.5 bp −$616.2K |
| Sell BloFin live order book, 30 min ago | 1.19 bp | 18.1 bp −$18 | 54.3 bp −$543 | 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 | −0.0680% | 1h | 0.08335 | −0.891% | $7K | $7K | 10x | as long as short |
| BloFin ZBT-USDTshort | +0.0059% | 4h | 0.08405 | −0.059% | $149K | $20K | 50x | |
| Aster ZBTUSDT | +0.0100% | 4h | 0.08404 | −0.068% | $11K | $14K | 5x | as long as short |
| Binance ZBTUSDT | +0.0100% | 4h | 0.08408 | −0.026% | $3.2M | $2.6M | 50x | as long as short |
| Bybit ZBTUSDT | +0.0100% | 4h | 0.08405 | −0.059% | $865K | $430K | 25x | as long as short |
| OKX ZBT-USDT-SWAP | +0.0100% | 4h | 0.08405 | −0.059% | $554K | $1.4M | 10x | as long as short |
| MEXC ZBT_USDT | +0.0100% | 4h | 0.08410 | 0.000% | $1.4M | $190K | 100x | as long as short |
| KuCoin ZBTUSDTM | +0.0100% | 4h | 0.08407 | −0.036% | $733K | $9.4M | 50x | as long as short |
| Bitget ZBTUSDT | +0.0100% | 4h | 0.08397 | −0.155% | $6.0M | $137K | 10x | as long as short |
| BingX ZBT-USDTlong | +0.0100% | 4h | 0.08410 | long leg | — | $1.3M | — |
Kraken Futures PF_ZBTUSD
Aster ZBTUSDT
Binance ZBTUSDT
Bybit ZBTUSDT
OKX ZBT-USDT-SWAP
MEXC ZBT_USDT
KuCoin ZBTUSDTM
Bitget ZBTUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZBT | +0.0100% | 4h | 0.08408 | −0.023% | $896 | $453 | — | as long as short |
| Extended ZBT-USD | +0.0104% | 1h | 0.08405 | −0.054% | $4K | $112K | 5x | as long as short |
| Gate ZBT_USDT | +0.0440% | 8h | 0.08413 | +0.036% | $537K | $518K | 50x | as long as short |
Variational Omni ZBT
Extended ZBT-USD
Gate ZBT_USDT