Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%

Price spread now: BingX against KuCoin+0.176%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1361.357% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.201%+$20 on $10k

Price spread, last 7 days−0.155%−$15 · spread now +0.176%, 7d avg +0.004%

Together, before fees+0.047%+$5 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: BingX is 0.172% dearer against KuCoin than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZBTUSDTM	0.08518	0.0100	pay 0.0050% / 4h	3h 06m	$747K	$9.3M	50x
Short	BingX ZBT-USDT	0.08533	0.0100	get 0.0050% / 4h	3h 06m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now +0.176%Rate

Funding earned: $0
Price spread: +0.176% → +0.004%: $17.21
Slippage, 4 orders: −$113.68
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$118.47
Costs to cover: 1.357%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; BingX: live order book, 9 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 KuCoin live order book, 6 min ago	1.19 bp	52.9 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	2.97 bp	22.0 bp −$22	76.7 bp −$767	501.3 bp −$50.1K	1051.8 bp −$525.9K

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	−0.0665%	1h	0.08529	+0.135%	$7K	$1K	10x	as long as short
BloFin ZBT-USDT	+0.0066%	4h	0.08542	+0.282%	$151K	$21K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08529	+0.131%	$10K	$18K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08529	+0.131%	$3.4M	$3.1M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08525	+0.082%	$868K	$589K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08515	−0.035%	$556K	$1.6M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08529	+0.129%	$1.4M	$197K	100x	as long as short
KuCoin ZBTUSDTMlong	+0.0100%	4h	0.08518	long leg	$747K	$9.3M	50x
Bitget ZBTUSDT	+0.0100%	4h	0.08521	+0.035%	$6.1M	$206K	10x	as long as short
BingX ZBT-USDTshort	+0.0100%	4h	0.08533	+0.176%	—	$1.3M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZBT	+0.0100%	4h	0.08474	−0.517%	$905	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08533	+0.174%	$906	$182K	5x	as long as short
Gate ZBT_USDT	+0.0274%	8h	0.08532	+0.164%	$544K	$582K	50x	as long as short