ZBT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.002%

Price spread now: OKX against BloFin−0.119%7-day average +0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$970.968% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.232%+$23 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.119%, 7d avg +0.068%

Together, before fees+0.290%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.187% cheaper against BloFin than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of +0.068%). If the spread goes back, that is −$19 on $10k: about 21 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.232% in total) that is about 5.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZBT-USDT	0.08384	0.0070	pay 0.0035% / 4h	1h 02m	$149K	$20K	50x
Short	OKX ZBT-USDT-SWAP	0.08374	0.0100	get 0.0050% / 4h	1h 02m	$551K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.119%Rate

Funding earned: $6.27
Price spread: −0.119% → +0.068%: −$18.74
Slippage, 4 orders: −$74.85
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$109.31
Costs to cover: 0.968%
Break-even: 129.0 days

Slippage from BloFin: live order book, 34 min ago; OKX: live order book, 4 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, 34 min ago	1.19 bp	16.0 bp −$16	48.5 bp −$485	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.60 bp	21.4 bp −$21	323.0 bp −$3,230	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	−0.0535%	1h	0.08372	−0.148%	$7K	$7K	10x	as long as short
BloFin ZBT-USDTlong	+0.0070%	4h	0.08384	long leg	$149K	$20K	50x
Aster ZBTUSDT	+0.0100%	4h	0.08369	−0.182%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08383	−0.012%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08377	−0.083%	$857K	$424K	25x	as long as short
OKX ZBT-USDT-SWAPshort	+0.0100%	4h	0.08374	−0.119%	$551K	$1.4M	10x
MEXC ZBT_USDT	+0.0100%	4h	0.08381	−0.036%	$1.4M	$201K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08373	−0.131%	$731K	$9.6M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08377	−0.083%	$6.0M	$130K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08376	−0.095%	—	$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	0.08368	−0.192%	$894	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08378	−0.071%	$4K	$116K	5x	as long as short
Gate ZBT_USDT	+0.0268%	8h	0.08368	−0.191%	$536K	$550K	50x	as long as short