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 0.000%

Price spread now: BingX against OKX+0.070%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$930.934% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days−0.111%−$11 · spread now +0.070%, 7d avg −0.063%

Together, before fees−0.125%−$13 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 0.133% dearer against OKX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZBT-USDT-SWAP	0.08543	0.0100	pay 0.0050% / 4h	2h 02m	$621K	$2.1M	10x
Short	BingX ZBT-USDT	0.08549	0.0100	get 0.0050% / 4h	2h 02m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now +0.070%Rate

Funding earned: $0
Price spread: +0.070% → −0.063%: $13.29
Slippage, 4 orders: −$73.35
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$80.06
Costs to cover: 0.934%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; BingX: live order book, 14 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 OKX live order book, 4 min ago	0.59 bp	21.7 bp −$22	278.7 bp −$2,787	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	4.12 bp	17.5 bp −$17	70.6 bp −$706	559.5 bp −$55.9K	1215.1 bp −$607.6K

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	−0.0710%	1h	0.08566	+0.267%	$7K	$1K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08554	+0.129%	$10K	$42K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08557	+0.168%	$3.5M	$4.9M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08552	+0.105%	$917K	$936K	25x	as long as short
OKX ZBT-USDT-SWAPlong	+0.0100%	4h	0.08543	long leg	$621K	$2.1M	10x
Gate ZBT_USDT	+0.0100%	8h	0.08557	+0.164%	$535K	$675K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08557	+0.164%	$1.5M	$290K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08547	+0.047%	$680K	$9.3M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08558	+0.176%	$6.2M	$297K	10x	as long as short
BingX ZBT-USDTshort	+0.0100%	4h	0.08549	+0.070%	—	$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	0.08542	−0.017%	$1K	$13K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08555	+0.139%	$1K	$193K	5x	as long as short
BloFin ZBT-USDT	+0.0156%	4h	0.08556	+0.152%	$154K	$30K	50x	as long as short