ZBT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0055%/8h= −6.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.004%

Price spread now: OKX against MEXC−0.058%7-day average +0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$800.796% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.245%+$24 on $10k

Price spread, last 7 days+0.156%+$16 · spread now −0.058%, 7d avg +0.098%

Together, before fees+0.400%+$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.155% cheaper against MEXC than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.098%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.245%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZBT_USDT	0.08640	0.0100	pay 0.0050% / 4h	8m 37s	$1.9M	$418K	100x
Short	OKX ZBT-USDT-SWAP	0.08635	0.0045	get 0.0022% / 4h	8m 37s	$649K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$11.63
Price spread: −0.058% → +0.098%: −$15.55
Slippage, 4 orders: −$65.56
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$106.74
Costs to cover: 0.796%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; OKX: live order book, 1 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	0.58 bp	10.0 bp −$10	71.8 bp −$718	243.6 bp −$24.4K	768.3 bp −$384.1K
Sell OKX live order book, 1 min ago	1.16 bp	28.3 bp −$28	312.8 bp −$3,128	doesn't fit	doesn't fit

ZBT on 13 exchanges

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	−0.0984%	1h	0.08656	+0.186%	$9K	$7K	10x	as long as short
OKX ZBT-USDT-SWAPshort	+0.0045%	4h	0.08635	−0.058%	$649K	$2.1M	10x
Aster ZBTUSDT	+0.0100%	4h	0.08640	+0.005%	$10K	$44K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08640	+0.005%	$3.6M	$5.5M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08639	−0.012%	$973K	$1.2M	25x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08641	+0.012%	$555K	$751K	50x	as long as short
MEXC ZBT_USDTlong	+0.0100%	4h	0.08640	long leg	$1.9M	$418K	100x
KuCoin ZBTUSDTM	+0.0100%	4h	0.08641	+0.012%	$701K	$9.4M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08646	+0.069%	$6.2M	$358K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08639	−0.012%	—	$1.3M	—	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZBT	+0.0100%	4h	0.08648	+0.088%	$959	$12K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08637	−0.031%	$2K	$208K	5x	as long as short
BloFin ZBT-USDT	+0.0114%	4h	0.08654	+0.162%	$151K	$53K	50x	as long as short