ZBT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.21 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against Binance−0.012%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$810.807% of the position

Long on Binance 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 4 days (all we have)+0.106%+$11 · spread now −0.012%, 7d avg +0.017%

Together, before fees+0.123%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.029% cheaper against Binance than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.017%). If the spread goes back, that is −$3 on $10k: about 2.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.016% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZBTUSDT	0.08403	0.0100	pay 0.0050% / 4h	15m 00s	$3.2M	$2.6M	50x
Short	BloFin ZBT-USDT	0.08402	0.0143	get 0.0071% / 4h	15m 00s	$118K	$20K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now −0.012%Rate

Funding earned: $8.97
Price spread: −0.012% → +0.017%: −$2.85
Slippage, 4 orders: −$58.72
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$74.6
Costs to cover: 0.807%
Break-even: 65.2 days

Slippage from Binance: live order book, 6 min ago; BloFin: 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 Binance live order book, 6 min ago	1.19 bp	21.8 bp −$22	93.9 bp −$939	doesn't fit	doesn't fit
Sell BloFin live order book, 14 min ago	1.19 bp	18.1 bp −$18	54.3 bp −$543	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	−0.0850%	1h	0.08399	−0.046%	$7K	$7K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08390	−0.159%	$11K	$14K	5x	as long as short
Binance ZBTUSDTlong	+0.0100%	4h	0.08403	long leg	$3.2M	$2.6M	50x
Bybit ZBTUSDT	+0.0100%	4h	0.08400	−0.036%	$866K	$435K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08401	−0.024%	$554K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08406	+0.036%	$1.4M	$201K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08404	+0.012%	$723K	$9.4M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08400	−0.036%	$6.0M	$136K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08401	−0.024%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08395	−0.101%	$896	$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	0.08404	+0.006%	$4K	$112K	5x	as long as short
BloFin ZBT-USDTshort	+0.0143%	4h	0.08402	−0.012%	$118K	$20K	50x
Gate ZBT_USDT	+0.0353%	8h	0.08405	+0.024%	$536K	$545K	50x	as long as short