Funding you earn now, next payment 12:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.90 per $10,000 · paid last 24h −0.004%
Price spread now: KuCoin against BingX−0.127%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$167as in the Funding arb table
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1461.458% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 7 days+0.099%+$10 · spread now −0.127%, 7d avg −0.006%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and KuCoin is 0.121% cheaper against BingX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ZBT-USDT | 0.08671 | 0.0100 | pay 0.0050% / 4h | 3h 52m | — | $1.3M | — |
| Short | KuCoin ZBTUSDTM | 0.08660 | −0.0080 | pay 0.0040% / 4h | 3h 52m | $630K | $9.4M | 50x |
BingX ZBT-USDT
KuCoin ZBTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$37.8
- Price spread: −0.127% → −0.006%
- −$12.11
- Slippage, 4 orders
- −$123.83
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$195.74
- Costs to cover
- 1.458%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; KuCoin: live order book, 6 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 | 2.89 bp | 22.2 bp −$22 | 86.9 bp −$869 | 780.7 bp −$78.1K | 1334.7 bp −$667.3K |
| Sell KuCoin live order book, 6 min ago | 1.16 bp | 56.9 bp −$57 | 646.0 bp −$6,460 | 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 | −0.0646% | 1h | 0.08667 | −0.042% | $8K | $3K | 10x | as long as short |
| KuCoin ZBTUSDTMshort | −0.0080% | 4h | 0.08660 | −0.127% | $630K | $9.4M | 50x | |
| OKX ZBT-USDT-SWAP | +0.0015% | 4h | 0.08655 | −0.185% | $633K | $2.3M | 10x | as long as short |
| BloFin ZBT-USDT | +0.0093% | 4h | 0.08657 | −0.161% | $152K | $42K | 50x | as long as short |
| Aster ZBTUSDT | +0.0100% | 4h | 0.08661 | −0.115% | $9K | $48K | 5x | as long as short |
| Binance ZBTUSDT | +0.0100% | 4h | 0.08666 | −0.057% | $3.6M | $5.4M | 50x | as long as short |
| Bybit ZBTUSDT | +0.0100% | 4h | 0.08663 | −0.092% | $949K | $1.1M | 25x | as long as short |
| Gate ZBT_USDT | +0.0100% | 8h | 0.08662 | −0.104% | $565K | $720K | 50x | as long as short |
| MEXC ZBT_USDT | +0.0100% | 4h | 0.08667 | −0.046% | $1.7M | $340K | 100x | as long as short |
| Bitget ZBTUSDT | +0.0100% | 4h | 0.08669 | −0.023% | $6.2M | $335K | 10x | as long as short |
Kraken Futures PF_ZBTUSD
OKX ZBT-USDT-SWAP
BloFin ZBT-USDT
Aster ZBTUSDT
Binance ZBTUSDT
Bybit ZBTUSDT
Gate ZBT_USDT
MEXC ZBT_USDT
Bitget ZBTUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ZBT-USDTlong | +0.0100% | 4h | 0.08671 | long leg | — | $1.3M | — | |
| Variational Omni ZBT | +0.0100% | 4h | 0.08658 | −0.149% | $1K | $13K | — | as long as short |
| Extended ZBT-USD | +0.0104% | 1h | 0.08666 | −0.062% | $3K | $204K | 5x | as long as short |
Variational Omni ZBT
Extended ZBT-USD