Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bitget−0.023%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$930.926% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.075%+$8 · spread now −0.023%, 7d avg +0.049%

Together, before fees+0.075%+$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.072% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZBTUSDT	0.08565	0.0100	pay 0.0050% / 4h	1h 59m	$6.2M	$299K	10x
Short	MEXC ZBT_USDT	0.08563	0.0100	get 0.0050% / 4h	1h 59m	$1.5M	$279K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → +0.049%: −$7.23
Slippage, 4 orders: −$76.57
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$99.8
Costs to cover: 0.926%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; MEXC: live order book, 2 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, 4 min ago	5.85 bp	31.3 bp −$31	130.2 bp −$1,302	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.17 bp	10.1 bp −$10	63.5 bp −$635	238.4 bp −$23.8K	825.8 bp −$412.9K

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	−0.0710%	1h	0.08561	−0.046%	$7K	$1K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08555	−0.112%	$10K	$42K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08562	−0.035%	$3.5M	$4.9M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08561	−0.047%	$917K	$934K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08550	−0.175%	$620K	$2.1M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08552	−0.152%	$535K	$661K	50x	as long as short
MEXC ZBT_USDTshort	+0.0100%	4h	0.08563	−0.023%	$1.5M	$279K	100x
KuCoin ZBTUSDTM	+0.0100%	4h	0.08558	−0.082%	$679K	$9.3M	50x	as long as short
Bitget ZBTUSDTlong	+0.0100%	4h	0.08565	long leg	$6.2M	$299K	10x
BingX ZBT-USDT	+0.0100%	4h	0.08560	−0.058%	—	$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	0.08544	−0.246%	$1K	$13K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08550	−0.180%	$1K	$193K	5x	as long as short
BloFin ZBT-USDT	+0.0153%	4h	0.08552	−0.152%	$154K	$30K	50x	as long as short