Funding arb · Price arb /

ZBT

all ZBT markets

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 0.000%

Price spread now: Bybit against MEXC+0.036%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1101.103% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.146%+$15 · spread now +0.036%, 7d avg +0.060%

Together, before fees+0.146%+$15 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: Bybit is 0.023% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZBT_USDT	0.08315	0.0100	pay 0.0050% / 4h	2h 30m	$1.4M	$204K	100x
Short	Bybit ZBTUSDT	0.08318	0.0100	get 0.0050% / 4h	2h 30m	$866K	$426K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → +0.060%: −$2.35
Slippage, 4 orders: −$95.34
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$112.69
Costs to cover: 1.103%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bybit: 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 MEXC live order book, 1 min ago	0.60 bp	13.7 bp −$14	74.2 bp −$742	268.5 bp −$26.9K	896.8 bp −$448.4K
Sell Bybit live order book, 55 min ago	4.81 bp	42.2 bp −$42	doesn't fit	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	−0.0884%	1h	0.08309	−0.073%	$7K	$6K	10x	as long as short
BloFin ZBT-USDT	+0.0070%	4h	0.08316	+0.012%	$146K	$12K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08318	+0.032%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08316	+0.012%	$3.2M	$2.5M	50x	as long as short
Bybit ZBTUSDTshort	+0.0100%	4h	0.08318	+0.036%	$866K	$426K	25x
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08309	−0.072%	$583K	$1.3M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08319	+0.048%	$537K	$543K	50x	as long as short
MEXC ZBT_USDTlong	+0.0100%	4h	0.08315	long leg	$1.4M	$204K	100x
KuCoin ZBTUSDTM	+0.0100%	4h	0.08314	−0.012%	$717K	$9.9M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08318	+0.036%	$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	0.08314	−0.012%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08317	+0.026%	$888	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08315	−0.001%	$2K	$159K	5x	as long as short