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: Binance against OKX+0.035%7-day average −0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$860.860% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.248%−$25 on $10k

Price spread, last 7 days−0.073%−$7 · spread now +0.035%, 7d avg −0.103%

Together, before fees−0.322%−$32 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: Binance is 0.138% dearer against OKX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZBT-USDT-SWAP	0.08315	0.0100	pay 0.0050% / 4h	2h 31m	$584K	$1.3M	10x
Short	Binance ZBTUSDT	0.08318	0.0100	get 0.0050% / 4h	2h 31m	$3.2M	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → −0.103%: $13.77
Slippage, 4 orders: −$65.95
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$72.18
Costs to cover: 0.860%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Binance: live order book, 4 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 OKX live order book, 5 min ago	0.60 bp	24.2 bp −$24	202.7 bp −$2,027	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	1.20 bp	25.3 bp −$25	94.5 bp −$945	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	0.08312	−0.038%	$7K	$6K	10x	as long as short
BloFin ZBT-USDT	+0.0055%	4h	0.08321	+0.072%	$146K	$12K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08317	+0.029%	$10K	$15K	5x	as long as short
Binance ZBTUSDTshort	+0.0100%	4h	0.08318	+0.035%	$3.2M	$2.5M	50x
Bybit ZBTUSDT	+0.0100%	4h	0.08320	+0.060%	$866K	$426K	25x	as long as short
OKX ZBT-USDT-SWAPlong	+0.0100%	4h	0.08315	long leg	$584K	$1.3M	10x
Gate ZBT_USDT	+0.0100%	8h	0.08318	+0.036%	$537K	$543K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08317	+0.024%	$1.4M	$204K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08314	−0.012%	$719K	$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	0.08318	+0.036%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08316	+0.009%	$887	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08316	+0.016%	$2K	$159K	5x	as long as short