ZBT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.20 per $10,000 · paid last 24h −0.001%

Price spread now: BloFin against Bybit+0.046%102s7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as 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−$1381.381% of the position

Long on Bybit Short on BloFin

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)+0.014%+$1 · spread now +0.046%, 7d avg −0.028%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.074% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.028%. The two prices were read 102 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	Bybit ZBTUSDT	0.08617	0.0100	pay 0.0050% / 4h	3h 11m	$950K	$1.1M	25x
Short	BloFin ZBT-USDT	0.08621	0.0139	get 0.0070% / 4h	3h 11m	$149K	$42K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.046%Rate

Funding earned: $8.21
Price spread: +0.046% → −0.028%: $7.4
Slippage, 4 orders: −$115.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$122.49
Costs to cover: 1.381%
Break-even: 111.4 days

Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 53 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, 4 min ago	4.63 bp	47.0 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 53 min ago	2.31 bp	25.5 bp −$26	61.6 bp −$616	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	−0.0651%	1h	0.08601	−0.184%	$8K	$3K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08606	−0.128%	$9K	$47K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08619	+0.022%	$3.5M	$5.5M	50x	as long as short
Bybit ZBTUSDTlong	+0.0100%	4h	0.08617	long leg	$950K	$1.1M	25x
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08613	−0.046%	$630K	$2.3M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08620	+0.035%	$1.7M	$354K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08618	+0.012%	$663K	$9.4M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08623	+0.070%	$6.2M	$341K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08624	+0.081%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08627	+0.119%	$1K	$12K	—	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	0.08614	−0.038%	$3K	$200K	5x	as long as short
BloFin ZBT-USDTshort	+0.0139%	4h	0.08621	+0.046%	$149K	$42K	50x
Gate ZBT_USDT	+0.0955%	8h	0.08621	+0.046%	$562K	$753K	50x	as long as short