Funding you earn now, next payment 00:00 UTC+0.0039%/8h= +4.2% APRpaid last 24h +0.004%
Price spread now: BloFin against Gate0.000%63s7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as 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−$1311.309% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 3 days (all we have)−0.012%−$1 · spread now 0.000%, 7d avg −0.039%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.039% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.039%. The two prices were read 63 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 | Gate ZBT_USDT | 0.08358 | 0.0100 | pay 0.0100% / 8h | 6m 06s | $546K | $561K | 50x |
| Short | BloFin ZBT-USDT | 0.08358 | 0.0139 | get 0.0069% / 4h | 6m 06s | $147K | $12K | 50x |
Gate ZBT_USDT
BloFin ZBT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $8.13
- Price spread: 0.000% → −0.039%
- $3.92
- Slippage, 4 orders
- −$103.92
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$118.87
- Costs to cover
- 1.309%
- Break-even
- 109.3 days
Slippage from Gate: live order book, 5 min ago; BloFin: live order book, 55 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 Gate live order book, 5 min ago | 5.97 bp | 58.1 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 55 min ago | 1.20 bp | 23.4 bp −$23 | 63.6 bp −$636 | 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 | −0.0604% | 1h | 0.08351 | −0.080% | $7K | $6K | 10x | as long as short |
| Aster ZBTUSDT | +0.0100% | 4h | 0.08364 | +0.074% | $10K | $16K | 5x | as long as short |
| Binance ZBTUSDT | +0.0100% | 4h | 0.08358 | −0.002% | $3.2M | $2.6M | 50x | as long as short |
| Bybit ZBTUSDT | +0.0100% | 4h | 0.08359 | +0.012% | $866K | $437K | 25x | as long as short |
| OKX ZBT-USDT-SWAP | +0.0100% | 4h | 0.08351 | −0.084% | $563K | $1.4M | 10x | as long as short |
| Gate ZBT_USDTlong | +0.0100% | 8h | 0.08358 | long leg | $546K | $561K | 50x | |
| MEXC ZBT_USDT | +0.0100% | 4h | 0.08358 | 0.000% | $1.4M | $200K | 100x | as long as short |
| KuCoin ZBTUSDTM | +0.0100% | 4h | 0.08360 | +0.024% | $724K | $9.8M | 50x | as long as short |
| Bitget ZBTUSDT | +0.0100% | 4h | 0.08356 | −0.024% | $6.0M | $139K | 10x | as long as short |
| BingX ZBT-USDT | +0.0100% | 4h | 0.08356 | −0.024% | — | $1.3M | — | as long as short |
Kraken Futures PF_ZBTUSD
Aster ZBTUSDT
Binance ZBTUSDT
Bybit ZBTUSDT
OKX ZBT-USDT-SWAP
MEXC ZBT_USDT
KuCoin ZBTUSDTM
Bitget ZBTUSDT
BingX ZBT-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZBT | +0.0100% | 4h | 0.08350 | −0.097% | $892 | $453 | — | as long as short |
| Extended ZBT-USD | +0.0104% | 1h | 0.08355 | −0.031% | $2K | $159K | 5x | as long as short |
| BloFin ZBT-USDTshort | +0.0139% | 4h | 0.08358 | 0.000% | $147K | $12K | 50x |
Variational Omni ZBT
Extended ZBT-USD