ZBT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0053%/8h= +5.8% APRnext payment +$0.26 per $10,000 · paid last 24h −0.002%

Price spread now: Bybit against BloFin−0.227%112s7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$123as 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−$1211.211% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)+0.233%+$23 · spread now −0.227%, 7d avg +0.030%

Together, before fees+0.216%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.257% cheaper against BloFin than usual: you would sell low and buy high (spread −0.227% now, against its 7-day average of +0.030%). If the spread goes back, that is −$26 on $10k: about 16 days of funding at the current rate (+$2 a day). The two prices were read 112 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	BloFin ZBT-USDT	0.08377	0.0047	pay 0.0024% / 4h	49m 19s	$149K	$20K	50x
Short	Bybit ZBTUSDT	0.08358	0.0100	get 0.0050% / 4h	49m 19s	$861K	$434K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now −0.227%Rate

Funding earned: $11.04
Price spread: −0.227% → +0.030%: −$25.71
Slippage, 4 orders: −$98.07
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$135.74
Costs to cover: 1.211%
Break-even: 93.1 days

Slippage from BloFin: live order book, 47 min ago; Bybit: 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 BloFin live order book, 47 min ago	1.19 bp	16.0 bp −$16	48.5 bp −$485	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	1.79 bp	40.5 bp −$40	doesn't fit	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	−0.0856%	1h	0.08337	−0.475%	$7K	$7K	10x	as long as short
BloFin ZBT-USDTlong	+0.0047%	4h	0.08377	long leg	$149K	$20K	50x
Aster ZBTUSDT	+0.0100%	4h	0.08367	−0.118%	$10K	$14K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08351	−0.309%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDTshort	+0.0100%	4h	0.08358	−0.227%	$861K	$434K	25x
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08339	−0.454%	$545K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08355	−0.263%	$1.4M	$198K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08363	−0.167%	$734K	$9.6M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08343	−0.406%	$6.0M	$130K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08338	−0.466%	—	$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	0.08372	−0.065%	$893	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08349	−0.336%	$4K	$116K	5x	as long as short
Gate ZBT_USDT	+0.0249%	8h	0.08362	−0.179%	$536K	$533K	50x	as long as short