Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: OKX against Bybit−0.058%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1241.238% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.245%+$24 on $10k

Price spread, last 4 days (all we have)+0.200%+$20 · spread now −0.058%, 7d avg +0.034%

Together, before fees+0.444%+$44 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 0.092% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZBTUSDT	0.08561	0.0100	pay 0.0050% / 4h	1h 30m	$950K	$1.2M	25x
Short	OKX ZBT-USDT-SWAP	0.08556	0.0100	get 0.0050% / 4h	1h 30m	$643K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → +0.034%: −$9.22
Slippage, 4 orders: −$102.83
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$133.05
Costs to cover: 1.238%
Break-even: never at this rate

Slippage from Bybit: live order book, 8 min ago; OKX: live order book, 4 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, 8 min ago	4.07 bp	33.3 bp −$33	887.7 bp −$8,877	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.58 bp	23.4 bp −$23	doesn't fit	doesn't fit	doesn't fit

ZBT on 13 exchanges

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	−0.0393%	1h	0.08556	−0.059%	$8K	$3K	10x	as long as short
BloFin ZBT-USDT	+0.0052%	4h	0.08564	+0.035%	$150K	$41K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08560	−0.006%	$10K	$48K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08561	0.000%	$3.5M	$5.5M	50x	as long as short
Bybit ZBTUSDTlong	+0.0100%	4h	0.08561	long leg	$950K	$1.2M	25x
OKX ZBT-USDT-SWAPshort	+0.0100%	4h	0.08556	−0.058%	$643K	$2.3M	10x
Gate ZBT_USDT	+0.0100%	8h	0.08563	+0.023%	$551K	$735K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08560	−0.012%	$1.7M	$359K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08563	+0.023%	$708K	$9.4M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08562	+0.012%	$6.2M	$360K	10x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZBT-USDT	+0.0100%	4h	0.08561	0.000%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08562	+0.017%	$954	$12K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08558	−0.037%	$2K	$206K	5x	as long as short