ZBT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0059%/8h= +6.4% APRnext payment +$0.29 per $10,000 · paid last 24h −0.001%

Price spread now: BloFin against MEXC+0.278%64s7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as 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−$640.638% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.095%−$10 · spread now +0.278%, 7d avg +0.019%

Together, before fees−0.079%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.259% dearer against MEXC than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.019%. The two prices were read 64 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	MEXC ZBT_USDT	0.08633	0.0100	pay 0.0050% / 4h	3h 48m	$1.7M	$341K	100x
Short	BloFin ZBT-USDT	0.08657	0.0159	get 0.0079% / 4h	3h 48m	$152K	$42K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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 MEXCbpFee BloFinbpOrdersPrice spread, now +0.278%Rate

Funding earned: $12.29
Price spread: +0.278% → +0.019%: $25.91
Slippage, 4 orders: −$47.82
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$25.62
Costs to cover: 0.638%
Break-even: 21.6 days

Slippage from MEXC: live order book, 3 min ago; BloFin: live order book, 16 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 MEXC live order book, 3 min ago	0.58 bp	9.3 bp −$9	62.0 bp −$620	246.0 bp −$24.6K	799.6 bp −$399.8K
Sell BloFin live order book, 16 min ago	2.31 bp	25.5 bp −$26	61.6 bp −$616	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	−0.0649%	1h	0.08631	−0.019%	$8K	$3K	10x	as long as short
KuCoin ZBTUSDTM	−0.0074%	4h	0.08637	+0.046%	$631K	$9.4M	50x	as long as short
OKX ZBT-USDT-SWAP	−0.0010%	4h	0.08628	−0.058%	$633K	$2.3M	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08633	+0.002%	$9K	$48K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08636	+0.037%	$3.6M	$5.4M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08632	−0.012%	$947K	$1.1M	25x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08635	+0.023%	$564K	$727K	50x	as long as short
MEXC ZBT_USDTlong	+0.0100%	4h	0.08633	long leg	$1.7M	$341K	100x
Bitget ZBTUSDT	+0.0100%	4h	0.08633	0.000%	$6.2M	$335K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08639	+0.070%	—	$1.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZBT	+0.0100%	4h	0.08666	+0.377%	$1K	$13K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08634	+0.010%	$3K	$204K	5x	as long as short
BloFin ZBT-USDTshort	+0.0159%	4h	0.08657	+0.278%	$152K	$42K	50x