Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: MEXC against KuCoin+0.035%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$980.978% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 7 days−0.078%−$8 · spread now +0.035%, 7d avg −0.036%

Together, before fees−0.101%−$10 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 0.072% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZBTUSDTM	0.08556	0.0100	pay 0.0050% / 4h	54m 44s	$727K	$9.3M	50x
Short	MEXC ZBT_USDT	0.08559	0.0100	get 0.0050% / 4h	54m 44s	$1.8M	$385K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → −0.036%: $7.15
Slippage, 4 orders: −$81.77
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$90.62
Costs to cover: 0.978%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago	2.34 bp	42.4 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.58 bp	11.4 bp −$11	64.1 bp −$641	264.5 bp −$26.5K	766.3 bp −$383.2K

ZBT on 13 exchanges

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	−0.0994%	1h	0.08570	+0.166%	$8K	$4K	10x	as long as short
OKX ZBT-USDT-SWAP	+0.0071%	4h	0.08538	−0.210%	$646K	$2.1M	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08561	+0.055%	$10K	$48K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08557	+0.015%	$3.5M	$5.3M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08554	−0.023%	$971K	$1.1M	25x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08560	+0.047%	$551K	$720K	50x	as long as short
MEXC ZBT_USDTshort	+0.0100%	4h	0.08559	+0.035%	$1.8M	$385K	100x
KuCoin ZBTUSDTMlong	+0.0100%	4h	0.08556	long leg	$727K	$9.3M	50x
Bitget ZBTUSDT	+0.0100%	4h	0.08550	−0.070%	$6.2M	$347K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08547	−0.105%	—	$1.3M	—	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZBT	+0.0100%	4h	0.08566	+0.120%	$954	$12K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08554	−0.019%	$4K	$205K	5x	as long as short
BloFin ZBT-USDT	+0.0124%	4h	0.08557	+0.012%	$151K	$41K	50x	as long as short