ZBT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.27 per $10,000 · paid last 24h +0.004%

Price spread now: BloFin against OKX−0.024%73s7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as 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−$840.839% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.233%−$23 on $10k

Price spread, last 3 days (all we have)−0.037%−$4 · spread now −0.024%, 7d avg −0.075%

Together, before fees−0.269%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.051% dearer against OKX than usual: you sell high and buy low (spread −0.024% now, against its 7-day average of −0.075%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.1 days. At the pace of the last 7 days (−0.233% in total) that is about 37 hours. The two prices were read 73 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	OKX ZBT-USDT-SWAP	0.08304	0.0100	pay 0.0050% / 4h	1h 30m	$581K	$1.3M	10x
Short	BloFin ZBT-USDT	0.08302	0.0045	get 0.0023% / 4h	1h 30m	$148K	$12K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$11.54
Price spread: −0.024% → −0.075%: $5.13
Slippage, 4 orders: −$61.89
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$90.29
Costs to cover: 0.839%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; BloFin: live order book, 43 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, 2 min ago	0.60 bp	21.3 bp −$21	187.4 bp −$1,874	doesn't fit	doesn't fit
Sell BloFin live order book, 43 min ago	0.60 bp	14.9 bp −$15	50.5 bp −$505	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	−0.0914%	1h	0.08300	−0.042%	$7K	$6K	10x	as long as short
BloFin ZBT-USDTshort	+0.0045%	4h	0.08302	−0.024%	$148K	$12K	50x
Aster ZBTUSDT	+0.0100%	4h	0.08303	−0.010%	$11K	$16K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08304	+0.003%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08300	−0.048%	$865K	$423K	25x	as long as short
OKX ZBT-USDT-SWAPlong	+0.0100%	4h	0.08304	long leg	$581K	$1.3M	10x
Gate ZBT_USDT	+0.0100%	8h	0.08309	+0.060%	$535K	$536K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08303	−0.012%	$1.4M	$203K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08304	0.000%	$714K	$9.8M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08308	+0.048%	$6.0M	$136K	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	0.08305	+0.012%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08300	−0.049%	$886	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08303	−0.016%	$2K	$159K	5x	as long as short