Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: MEXC against KuCoin+0.048%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$279as in the Funding arb table

Net, price: spread back to 7d avg − costs−$267as in the Price arb table

costs, in and out, $10k−$2762.756% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 7 days−0.089%−$9 · spread now +0.048%, 7d avg −0.040%

Together, before fees−0.121%−$12 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 0.088% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZBTUSDTM	0.08295	0.0100	pay 0.0050% / 4h	2h 01m	$714K	$9.8M	50x
Short	MEXC ZBT_USDT	0.08299	0.0100	get 0.0050% / 4h	2h 01m	$1.4M	$209K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → −0.040%: $8.78
Slippage, 4 orders: −$259.63
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$266.85
Costs to cover: 2.756%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 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 KuCoin live order book, 7 min ago	2.41 bp	203.7 bp −$204	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.41 bp	14.1 bp −$14	75.5 bp −$755	251.1 bp −$25.1K	716.3 bp −$358.2K

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	−0.0886%	1h	0.08294	−0.007%	$7K	$6K	10x	as long as short
BloFin ZBT-USDT	+0.0077%	4h	0.08295	0.000%	$146K	$12K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08305	+0.125%	$11K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08302	+0.084%	$3.1M	$2.5M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08300	+0.060%	$863K	$425K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08302	+0.084%	$583K	$1.3M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08303	+0.096%	$535K	$546K	50x	as long as short
MEXC ZBT_USDTshort	+0.0100%	4h	0.08299	+0.048%	$1.4M	$209K	100x
KuCoin ZBTUSDTMlong	+0.0100%	4h	0.08295	long leg	$714K	$9.8M	50x
Bitget ZBTUSDT	+0.0100%	4h	0.08299	+0.048%	$6.0M	$138K	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	0.08297	+0.024%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08301	+0.074%	$888	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08301	+0.073%	$2K	$159K	5x	as long as short