ZBT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.22 per $10,000 · paid last 24h −0.015%

Price spread now: BloFin against KuCoin+0.202%95s7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as 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−$1341.337% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.190%−$19 · spread now +0.202%, 7d avg −0.007%

Together, before fees−0.206%−$21 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 BloFin is 0.210% dearer against KuCoin than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.007%. The two prices were read 95 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	KuCoin ZBTUSDTM	0.08401	0.0100	pay 0.0050% / 4h	3h 23m	$741K	$9.8M	50x
Short	BloFin ZBT-USDT	0.08418	0.0143	get 0.0072% / 4h	3h 23m	$147K	$12K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.202%Rate

Funding earned: $9.08
Price spread: +0.202% → −0.007%: $20.97
Slippage, 4 orders: −$109.67
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$103.62
Costs to cover: 1.337%
Break-even: 86.9 days

Slippage from KuCoin: live order book, 5 min ago; BloFin: live order book, 33 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, 5 min ago	1.19 bp	53.0 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 33 min ago	1.79 bp	21.5 bp −$21	56.4 bp −$564	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	−0.0705%	1h	0.08401	+0.005%	$7K	$6K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08397	−0.049%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08404	+0.042%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08405	+0.048%	$873K	$436K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08397	−0.048%	$554K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08404	+0.036%	$1.4M	$199K	100x	as long as short
KuCoin ZBTUSDTMlong	+0.0100%	4h	0.08401	long leg	$741K	$9.8M	50x
Bitget ZBTUSDT	+0.0100%	4h	0.08396	−0.060%	$6.0M	$138K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08402	+0.012%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08415	+0.162%	$897	$453	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ZBT-USD	+0.0104%	1h	0.08402	+0.015%	$2K	$152K	5x	as long as short
BloFin ZBT-USDTshort	+0.0143%	4h	0.08418	+0.202%	$147K	$12K	50x
Gate ZBT_USDT	+0.0603%	8h	0.08402	+0.012%	$546K	$558K	50x	as long as short