ZBT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.015%

Price spread now: KuCoin against BloFin+0.036%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1741.737% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.219%−$22 · spread now +0.036%, 7d avg +0.006%

Together, before fees−0.202%−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.030% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZBT-USDT	0.08384	0.0080	pay 0.0040% / 4h	1h 46m	—	$20K	50x
Short	KuCoin ZBTUSDTM	0.08387	0.0100	get 0.0050% / 4h	1h 46m	$741K	$9.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.036%Rate

Funding earned: $4.13
Price spread: +0.036% → +0.006%: $2.98
Slippage, 4 orders: −$149.73
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$166.62
Costs to cover: 1.737%
Break-even: 289.6 days

Slippage from BloFin: live order book, 65 min ago; KuCoin: live order book, 2 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, 65 min ago	1.79 bp	12.8 bp −$13	48.8 bp −$488	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	0.60 bp	89.2 bp −$89	664.5 bp −$6,645	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	−0.0534%	1h	0.08383	−0.012%	$7K	$7K	10x	as long as short
BloFin ZBT-USDTlong	+0.0080%	4h	0.08384	long leg	—	$20K	50x
Aster ZBTUSDT	+0.0100%	4h	0.08394	+0.122%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08388	+0.048%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08389	+0.060%	$861K	$436K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08381	−0.036%	$554K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08385	+0.012%	$1.4M	$198K	100x	as long as short
KuCoin ZBTUSDTMshort	+0.0100%	4h	0.08387	+0.036%	$741K	$9.8M	50x
Bitget ZBTUSDT	+0.0100%	4h	0.08382	−0.024%	$6.0M	$135K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08383	−0.012%	—	$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	0.08417	+0.398%	$897	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08386	+0.027%	$895	$121K	5x	as long as short
Gate ZBT_USDT	+0.0140%	8h	0.08387	+0.036%	$540K	$538K	50x	as long as short