Funding you earn now, next payment 04:00 UTC−0.0359%/8h= −39.3% APRpaid last 24h 0.000%
Price spread now: Bybit against Gate0.000%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1751.750% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now 0.000%, 7d avg −0.007%
=The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.016% in total (about -0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ZBT_USDT | 0.08401 | 0.0459 | pay 0.0459% / 8h | 6h 09m | $542K | $556K | 50x |
| Short | Bybit ZBTUSDT | 0.08401 | 0.0100 | get 0.0050% / 4h | 2h 09m | $861K | $447K | 25x |
Gate ZBT_USDT
Bybit ZBTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$75.39
- Price spread: 0.000% → −0.007%
- $0.66
- Slippage, 4 orders
- −$149.05
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$249.78
- Costs to cover
- 1.750%
- Break-even
- never at this rate
Slippage from Gate: live order book, 57 min ago; Bybit: live order book, 56 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, 57 min ago | 5.95 bp | 48.1 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 56 min ago | 4.76 bp | 45.4 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
ZBT on 12 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 | −0.0474% | 1h | 0.08391 | −0.122% | $7K | $7K | 10x | as long as short |
| Aster ZBTUSDT | +0.0100% | 4h | 0.08404 | +0.033% | $10K | $15K | 5x | as long as short |
| Binance ZBTUSDT | +0.0100% | 4h | 0.08397 | −0.048% | $3.2M | $2.6M | 50x | as long as short |
| Bybit ZBTUSDTshort | +0.0100% | 4h | 0.08401 | 0.000% | $861K | $447K | 25x | |
| OKX ZBT-USDT-SWAP | +0.0100% | 4h | 0.08394 | −0.083% | $558K | $1.4M | 10x | as long as short |
| MEXC ZBT_USDT | +0.0100% | 4h | 0.08399 | −0.024% | $1.4M | $202K | 100x | as long as short |
| KuCoin ZBTUSDTM | +0.0100% | 4h | 0.08400 | −0.012% | $742K | $9.8M | 50x | as long as short |
| Bitget ZBTUSDT | +0.0100% | 4h | 0.08403 | +0.024% | $6.0M | $140K | 10x | as long as short |
| BingX ZBT-USDT | +0.0100% | 4h | 0.08394 | −0.083% | — | $1.3M | — | as long as short |
| Variational Omni ZBT | +0.0100% | 4h | 0.08414 | +0.149% | $899 | $453 | — | as long as short |
Kraken Futures PF_ZBTUSD
Aster ZBTUSDT
Binance ZBTUSDT
OKX ZBT-USDT-SWAP
MEXC ZBT_USDT
KuCoin ZBTUSDTM
Bitget ZBTUSDT
BingX ZBT-USDT
Variational Omni ZBTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ZBT-USD | +0.0104% | 1h | 0.08398 | −0.032% | $2K | $119K | 5x | as long as short |
| Gate ZBT_USDTlong | +0.0459% | 8h | 0.08401 | long leg | $542K | $556K | 50x |
Extended ZBT-USD