ZBT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%

Price spread now: OKX against BloFin+0.048%83s7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as 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−$880.880% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.228%+$23 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.048%, 7d avg +0.068%

Together, before fees+0.241%+$24 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: OKX is 0.021% cheaper against BloFin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.068%. The two prices were read 83 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	0.08416	0.0104	pay 0.0052% / 4h	3h 29m	$150K	$21K	50x
Short	OKX ZBT-USDT-SWAP	0.08420	0.0100	get 0.0050% / 4h	3h 29m	$560K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$0.89
Price spread: +0.048% → +0.068%: −$2.08
Slippage, 4 orders: −$65.99
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$90.96
Costs to cover: 0.880%
Break-even: never at this rate

Slippage from BloFin: live order book, 59 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 BloFin live order book, 59 min ago	1.19 bp	18.7 bp −$19	54.1 bp −$541	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.19 bp	29.1 bp −$29	253.3 bp −$2,533	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	−0.0674%	1h	0.08414	−0.027%	$7K	$7K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08416	+0.002%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08414	−0.024%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08414	−0.024%	$867K	$429K	25x	as long as short
OKX ZBT-USDT-SWAPshort	+0.0100%	4h	0.08420	+0.048%	$560K	$1.4M	10x
MEXC ZBT_USDT	+0.0100%	4h	0.08417	+0.012%	$1.4M	$191K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08411	−0.059%	$729K	$9.3M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08410	−0.071%	$6.0M	$136K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08414	−0.024%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08418	+0.024%	$897	$453	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ZBT-USD	+0.0104%	1h	0.08414	−0.018%	$945	$118K	5x	as long as short
BloFin ZBT-USDTlong	+0.0104%	4h	0.08416	long leg	$150K	$21K	50x
Gate ZBT_USDT	+0.0402%	8h	0.08416	0.000%	$537K	$526K	50x	as long as short