Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against Bybit−0.084%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1181.181% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.084%, 7d avg −0.057%

Together, before fees−0.017%−$2 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: MEXC is 0.027% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZBTUSDT	0.08372	0.0100	pay 0.0050% / 4h	40m 47s	$872K	$434K	25x
Short	MEXC ZBT_USDT	0.08365	0.0100	get 0.0050% / 4h	40m 47s	$1.4M	$196K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now −0.084%Rate

Funding earned: $0
Price spread: −0.084% → −0.057%: −$2.68
Slippage, 4 orders: −$103.08
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$120.76
Costs to cover: 1.181%
Break-even: never at this rate

Slippage from Bybit: live order book, 34 min ago; MEXC: live order book, 5 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 Bybit live order book, 34 min ago	4.80 bp	49.0 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.60 bp	8.7 bp −$9	62.7 bp −$627	263.1 bp −$26.3K	884.6 bp −$442.3K

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	−0.0603%	1h	0.08362	−0.116%	$7K	$6K	10x	as long as short
BloFin ZBT-USDT	+0.0061%	4h	0.08365	−0.084%	$147K	$12K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08375	+0.032%	$10K	$16K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08365	−0.085%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDTlong	+0.0100%	4h	0.08372	long leg	$872K	$434K	25x
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08356	−0.191%	$572K	$1.3M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08369	−0.036%	$538K	$540K	50x	as long as short
MEXC ZBT_USDTshort	+0.0100%	4h	0.08365	−0.084%	$1.4M	$196K	100x
KuCoin ZBTUSDTM	+0.0100%	4h	0.08370	−0.024%	$714K	$9.8M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08362	−0.119%	$6.0M	$139K	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	0.08363	−0.108%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08385	+0.161%	$894	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08365	−0.081%	$2K	$159K	5x	as long as short