ZBT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0059%/8h= −6.5% APRnext payment −$0.30 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against BingX−0.081%111s7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as 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−$790.789% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.214%−$21 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.081%, 7d avg −0.023%

Together, before fees−0.157%−$16 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 BloFin is 0.058% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.023%). Swap the legs. The two prices were read 111 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	BingX ZBT-USDT	0.08622	0.0100	pay 0.0050% / 4h	1h 45m	—	$1.3M	—
Short	BloFin ZBT-USDT	0.08615	0.0041	get 0.0020% / 4h	1h 45m	$155K	$41K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now −0.081%Rate

Funding earned: −$12.44
Price spread: −0.081% → −0.023%: −$5.82
Slippage, 4 orders: −$56.9
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$97.16
Costs to cover: 0.789%
Break-even: never at this rate

Slippage from BingX: live order book, 1 min ago; BloFin: live order book, 29 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 BingX live order book, 1 min ago	3.49 bp	23.6 bp −$24	87.5 bp −$875	691.6 bp −$69.2K	1197.5 bp −$598.7K
Sell BloFin live order book, 29 min ago	0.59 bp	19.5 bp −$20	53.6 bp −$536	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	−0.1273%	1h	0.08615	−0.079%	$7K	$1K	10x	as long as short
BloFin ZBT-USDTshort	+0.0041%	4h	0.08615	−0.081%	$155K	$41K	50x
Aster ZBTUSDT	+0.0100%	4h	0.08620	−0.023%	$10K	$42K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08623	+0.008%	$3.5M	$5.0M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08619	−0.035%	$930K	$952K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08606	−0.186%	$626K	$2.1M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08616	−0.070%	$545K	$671K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08623	+0.012%	$1.5M	$282K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08617	−0.058%	$667K	$9.3M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08621	−0.012%	$6.2M	$311K	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-USDTlong	+0.0100%	4h	0.08622	long leg	—	$1.3M	—
Variational Omni ZBT	+0.0100%	4h	0.08608	−0.157%	$1K	$13K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08610	−0.135%	$6K	$196K	5x	as long as short