Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0438%/8h= +48.0% APRpaid last 24h 0.000%

Price spread now: Gate against MEXC−0.130%7-day average +0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1071.073% of the position

Long on MEXC Short on Gate

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)+0.187%+$19 · spread now −0.130%, 7d avg +0.062%

Together, before fees+0.203%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.193% cheaper against MEXC than usual: you would sell low and buy high (spread −0.130% now, against its 7-day average of +0.062%). If the spread goes back, that is −$19 on $10k: about 35 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.016% in total) that is about 3 months.

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	MEXC ZBT_USDT	0.08441	0.0100	pay 0.0050% / 4h	2h 27m	$1.4M	$200K	100x
Short	Gate ZBT_USDT	0.08430	0.0538	get 0.0538% / 8h	6h 27m	$544K	$552K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.130%Rate

Funding earned: $91.98
Price spread: −0.130% → +0.062%: −$19.27
Slippage, 4 orders: −$88.33
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$34.61
Costs to cover: 1.073%
Break-even: 9.6 days

Slippage from MEXC: live order book, 4 min ago; Gate: live order book, 38 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, 4 min ago	1.19 bp	13.0 bp −$13	81.1 bp −$811	270.5 bp −$27.0K	858.9 bp −$429.5K
Sell Gate live order book, 38 min ago	5.95 bp	37.7 bp −$38	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	−0.0472%	1h	0.08434	−0.086%	$7K	$7K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08414	−0.324%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08443	+0.024%	$3.2M	$2.7M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08439	−0.024%	$866K	$453K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08437	−0.047%	$561K	$1.4M	10x	as long as short
MEXC ZBT_USDTlong	+0.0100%	4h	0.08441	long leg	$1.4M	$200K	100x
KuCoin ZBTUSDTM	+0.0100%	4h	0.08435	−0.071%	$736K	$9.8M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08427	−0.166%	$6.1M	$140K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08443	+0.024%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08433	−0.098%	$900	$453	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ZBT-USD	+0.0104%	1h	0.08441	−0.001%	$2K	$124K	5x	as long as short
Gate ZBT_USDTshort	+0.0538%	8h	0.08430	−0.130%	$544K	$552K	50x