ZBT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.40 per $10,000 · paid last 24h −0.004%

Price spread now: OKX against Bitget−0.129%7-day average +0.145% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1011.010% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.245%+$24 on $10k

Price spread, last 7 days+0.289%+$29 · spread now −0.129%, 7d avg +0.145%

Together, before fees+0.533%+$53 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.274% cheaper against Bitget than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of +0.145%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.245%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZBTUSDT	0.08524	0.0100	pay 0.0050% / 4h	52m 32s	$6.1M	$347K	10x
Short	OKX ZBT-USDT-SWAP	0.08513	0.0020	get 0.0010% / 4h	52m 32s	$644K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.129%Rate

Funding earned: −$16.82
Price spread: −0.129% → +0.145%: −$27.44
Slippage, 4 orders: −$79
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$145.27
Costs to cover: 1.010%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; OKX: 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	2.92 bp	23.9 bp −$24	137.6 bp −$1,376	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.59 bp	17.3 bp −$17	309.5 bp −$3,095	doesn't fit	doesn't fit

ZBT on 13 exchanges

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	−0.0999%	1h	0.08533	+0.110%	$8K	$4K	10x	as long as short
OKX ZBT-USDT-SWAPshort	+0.0020%	4h	0.08513	−0.129%	$644K	$2.0M	10x
Aster ZBTUSDT	+0.0100%	4h	0.08532	+0.094%	$10K	$45K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08525	+0.010%	$3.5M	$5.3M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08525	+0.012%	$966K	$1.1M	25x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08537	+0.153%	$550K	$721K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08524	0.000%	$1.7M	$385K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08527	+0.035%	$728K	$9.3M	50x	as long as short
Bitget ZBTUSDTlong	+0.0100%	4h	0.08524	long leg	$6.1M	$347K	10x
BingX ZBT-USDT	+0.0100%	4h	0.08522	−0.023%	—	$1.3M	—	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZBT	+0.0100%	4h	0.08566	+0.495%	$954	$12K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08522	−0.023%	$4K	$205K	5x	as long as short
BloFin ZBT-USDT	+0.0126%	4h	0.08545	+0.246%	$150K	$41K	50x	as long as short