Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bybit+0.051%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1221.220% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.051%, 7d avg −0.048%

Together, before fees−0.137%−$14 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: Binance is 0.098% dearer against Bybit than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZBTUSDT	0.08382	0.0100	pay 0.0050% / 4h	27m 32s	$863K	$441K	25x
Short	Binance ZBTUSDT	0.08386	0.0100	get 0.0050% / 4h	27m 32s	$3.2M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → −0.048%: $9.84
Slippage, 4 orders: −$100.95
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$112.11
Costs to cover: 1.220%
Break-even: never at this rate

Slippage from Bybit: live order book, 28 min ago; Binance: live order book, 8 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 Bybit live order book, 28 min ago	1.79 bp	36.8 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	1.79 bp	25.8 bp −$26	89.5 bp −$895	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	−0.0852%	1h	0.08382	−0.002%	$7K	$7K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08382	+0.002%	$11K	$14K	5x	as long as short
Binance ZBTUSDTshort	+0.0100%	4h	0.08386	+0.051%	$3.2M	$2.6M	50x
Bybit ZBTUSDTlong	+0.0100%	4h	0.08382	long leg	$863K	$441K	25x
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08386	+0.048%	$553K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08386	+0.048%	$1.4M	$199K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08390	+0.095%	$735K	$9.5M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08388	+0.072%	$6.0M	$136K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08383	+0.012%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08382	0.000%	$895	$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	0.08383	+0.016%	$891	$114K	5x	as long as short
BloFin ZBT-USDT	+0.0124%	4h	0.08401	+0.227%	$149K	$20K	50x	as long as short
Gate ZBT_USDT	+0.0249%	8h	0.08389	+0.084%	$536K	$542K	50x	as long as short