ZBT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.16 per $10,000 · paid last 24h +0.004%

Price spread now: BloFin against Bitget−0.168%105s7-day average +0.045% · 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—prices read too far apart to compare

costs, in and out, $10k−$1031.028% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 3 days (all we have)+0.209%+$21 · spread now −0.168%, 7d avg +0.045%

Together, before fees+0.224%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.213% cheaper against Bitget than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of +0.045%). If the spread goes back, that is −$21 on $10k: about 22 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.015% in total) that is about 3 months. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZBTUSDT	0.08328	0.0100	pay 0.0050% / 4h	1h 43m	$6.0M	$136K	10x
Short	BloFin ZBT-USDT	0.08314	0.0132	get 0.0066% / 4h	1h 43m	$147K	$12K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee BloFinbpOrdersPrice spread, now −0.168%Rate

Funding earned: $6.73
Price spread: −0.168% → +0.045%: −$21.31
Slippage, 4 orders: −$78.79
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$117.37
Costs to cover: 1.028%
Break-even: 129.1 days

Slippage from Bitget: live order book, 5 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 Bitget live order book, 5 min ago	8.43 bp	31.7 bp −$32	103.2 bp −$1,032	doesn't fit	doesn't fit
Sell BloFin live order book, 30 min ago	0.60 bp	14.9 bp −$15	50.5 bp −$505	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	−0.0912%	1h	0.08323	−0.059%	$7K	$6K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08318	−0.124%	$11K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08324	−0.048%	$3.2M	$2.5M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08324	−0.048%	$866K	$421K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08320	−0.096%	$584K	$1.3M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08321	−0.084%	$537K	$532K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08329	+0.012%	$1.4M	$202K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08323	−0.060%	$716K	$9.8M	50x	as long as short
Bitget ZBTUSDTlong	+0.0100%	4h	0.08328	long leg	$6.0M	$136K	10x
BingX ZBT-USDT	+0.0100%	4h	0.08320	−0.096%	—	$1.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZBT	+0.0100%	4h	0.08305	−0.280%	$886	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08328	−0.006%	$2K	$159K	5x	as long as short
BloFin ZBT-USDTshort	+0.0132%	4h	0.08314	−0.168%	$147K	$12K	50x