ZBT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h −0.002%

Price spread now: Bybit against BloFin−0.035%82s7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$128as 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−$1261.255% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.035%, 7d avg +0.027%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.062% cheaper against BloFin than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.027%). If the spread goes back, that is −$6 on $10k: about 20 days of funding at the current rate ($0 a day). The two prices were read 82 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	BloFin ZBT-USDT	0.08673	0.0090	pay 0.0045% / 4h	1h 29m	$155K	$42K	50x
Short	Bybit ZBTUSDT	0.08670	0.0100	get 0.0050% / 4h	1h 29m	$933K	$960K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now −0.035%Rate

Funding earned: $2.16
Price spread: −0.035% → +0.027%: −$6.19
Slippage, 4 orders: −$102.52
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$129.55
Costs to cover: 1.255%
Break-even: 427.3 days

Slippage from BloFin: live order book, 45 min ago; Bybit: live order book, 10 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 BloFin live order book, 45 min ago	0.59 bp	13.8 bp −$14	65.8 bp −$658	doesn't fit	doesn't fit
Sell Bybit live order book, 10 min ago	5.77 bp	56.9 bp −$57	578.6 bp −$5,786	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	−0.1264%	1h	0.08670	−0.031%	$7K	$1K	10x	as long as short
BloFin ZBT-USDTlong	+0.0090%	4h	0.08673	long leg	$155K	$42K	50x
OKX ZBT-USDT-SWAP	+0.0097%	4h	0.08651	−0.254%	$629K	$2.2M	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08667	−0.073%	$10K	$42K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08662	−0.131%	$3.6M	$5.0M	50x	as long as short
Bybit ZBTUSDTshort	+0.0100%	4h	0.08670	−0.035%	$933K	$960K	25x
Gate ZBT_USDT	+0.0100%	8h	0.08672	−0.012%	$549K	$681K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08662	−0.127%	$1.6M	$295K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08662	−0.127%	$648K	$9.4M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08669	−0.046%	$6.2M	$309K	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	0.08658	−0.173%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08667	−0.069%	$1K	$13K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08664	−0.105%	$6K	$196K	5x	as long as short