Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX+0.012%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1301.301% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.012%, 7d avg −0.047%

Together, before fees−0.386%−$39 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 0.058% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZBT-USDT-SWAP	0.08420	0.0100	pay 0.0050% / 4h	3h 14m	$555K	$1.4M	10x
Short	Bybit ZBTUSDT	0.08421	0.0100	get 0.0050% / 4h	3h 14m	$874K	$435K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → −0.047%: $5.84
Slippage, 4 orders: −$109.07
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$124.23
Costs to cover: 1.301%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 56 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	25.8 bp −$26	251.6 bp −$2,516	doesn't fit	doesn't fit
Sell Bybit live order book, 56 min ago	2.39 bp	37.1 bp −$37	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	−0.0703%	1h	0.08419	−0.013%	$7K	$6K	10x	as long as short
BloFin ZBT-USDT	+0.0047%	4h	0.08429	+0.107%	$148K	$20K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08413	−0.087%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08423	+0.036%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDTshort	+0.0100%	4h	0.08421	+0.012%	$874K	$435K	25x
OKX ZBT-USDT-SWAPlong	+0.0100%	4h	0.08420	long leg	$555K	$1.4M	10x
MEXC ZBT_USDT	+0.0100%	4h	0.08424	+0.048%	$1.4M	$200K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08417	−0.036%	$744K	$9.8M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08418	−0.024%	$6.1M	$138K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08422	+0.024%	—	$1.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZBT	+0.0100%	4h	0.08412	−0.099%	$897	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08423	+0.038%	$2K	$120K	5x	as long as short
Gate ZBT_USDT	+0.0682%	8h	0.08417	−0.036%	$546K	$561K	50x	as long as short