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: Bybit against OKX+0.140%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1301.297% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.245%−$24 on $10k

Price spread, last 4 days (all we have)−0.281%−$28 · spread now +0.140%, 7d avg −0.034%

Together, before fees−0.526%−$53 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: Bybit is 0.174% dearer against OKX than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZBT-USDT-SWAP	0.08553	0.0100	pay 0.0050% / 4h	1h 07m	$647K	$2.1M	10x
Short	Bybit ZBTUSDT	0.08565	0.0100	get 0.0050% / 4h	1h 07m	$963K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.140%Rate

Funding earned: $0
Price spread: +0.140% → −0.034%: $17.41
Slippage, 4 orders: −$108.69
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$112.28
Costs to cover: 1.297%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bybit: live order book, 1 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, 3 min ago	0.58 bp	30.5 bp −$30	286.0 bp −$2,860	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.50 bp	41.3 bp −$41	doesn't fit	doesn't fit	doesn't fit

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	−0.0392%	1h	0.08565	+0.145%	$8K	$4K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08573	+0.228%	$10K	$48K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08568	+0.175%	$3.5M	$5.4M	50x	as long as short
Bybit ZBTUSDTshort	+0.0100%	4h	0.08565	+0.140%	$963K	$1.1M	25x
OKX ZBT-USDT-SWAPlong	+0.0100%	4h	0.08553	long leg	$647K	$2.1M	10x
Gate ZBT_USDT	+0.0100%	8h	0.08570	+0.199%	$552K	$745K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08569	+0.187%	$1.8M	$385K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08573	+0.234%	$731K	$9.3M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08564	+0.129%	$6.2M	$348K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08564	+0.129%	—	$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	0.08576	+0.274%	$955	$12K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08565	+0.144%	$4K	$208K	5x	as long as short
BloFin ZBT-USDT	+0.0116%	4h	0.08568	+0.175%	$150K	$41K	50x	as long as short