Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit+0.046%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1111.113% of the position

Long on Bybit Short on MEXC

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)−0.141%−$14 · spread now +0.046%, 7d avg −0.051%

Together, before fees−0.141%−$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: MEXC is 0.097% dearer against Bybit than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZBTUSDT	0.08644	0.0100	pay 0.0050% / 4h	1h 06m	$936K	$976K	25x
Short	MEXC ZBT_USDT	0.08648	0.0100	get 0.0050% / 4h	1h 06m	$1.6M	$310K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → −0.051%: $9.71
Slippage, 4 orders: −$96.27
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$101.56
Costs to cover: 1.113%
Break-even: never at this rate

Slippage from Bybit: live order book, 34 min ago; MEXC: live order book, 5 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, 34 min ago	5.77 bp	35.3 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.58 bp	10.4 bp −$10	71.4 bp −$714	226.1 bp −$22.6K	684.2 bp −$342.1K

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	−0.1268%	1h	0.08646	+0.024%	$7K	$1K	10x	as long as short
OKX ZBT-USDT-SWAP	0.0000%	4h	0.08636	−0.093%	$627K	$2.2M	10x	as long as short
BloFin ZBT-USDT	+0.0047%	4h	0.08650	+0.069%	$155K	$42K	50x	as long as short
KuCoin ZBTUSDTM	+0.0078%	4h	0.08644	0.000%	$637K	$9.4M	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08649	+0.058%	$10K	$42K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08649	+0.058%	$3.6M	$5.1M	50x	as long as short
Bybit ZBTUSDTlong	+0.0100%	4h	0.08644	long leg	$936K	$976K	25x
Gate ZBT_USDT	+0.0100%	8h	0.08651	+0.081%	$552K	$698K	50x	as long as short
MEXC ZBT_USDTshort	+0.0100%	4h	0.08648	+0.046%	$1.6M	$310K	100x
Bitget ZBTUSDT	+0.0100%	4h	0.08647	+0.035%	$6.2M	$321K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZBT-USDT	+0.0100%	4h	0.08647	+0.035%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08664	+0.230%	$1K	$13K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08644	+0.005%	$6K	$178K	5x	as long as short