ZBT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.14 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against BingX+0.132%456s7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as 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−$780.776% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.217%−$22 on $10k

Price spread, last 3 days (all we have)−0.160%−$16 · spread now +0.132%, 7d avg −0.019%

Together, before fees−0.377%−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.151% dearer against BingX than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of −0.019%): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 days. At the pace of the last 7 days (−0.217% in total) that is about 4.9 days. The two prices were read 456 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	BingX ZBT-USDT	0.08363	0.0100	pay 0.0050% / 4h	2h 41m	—	$1.3M	—
Short	BloFin ZBT-USDT	0.08374	0.0072	get 0.0036% / 4h	2h 41m	$147K	$20K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now +0.132%Rate

Funding earned: −$5.93
Price spread: +0.132% → −0.019%: $15.07
Slippage, 4 orders: −$55.59
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$68.45
Costs to cover: 0.776%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; BloFin: live order book, 10 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 BingX live order book, 5 min ago	2.39 bp	20.9 bp −$21	75.1 bp −$751	766.2 bp −$76.6K	1256.6 bp −$628.3K
Sell BloFin live order book, 10 min ago	1.79 bp	20.6 bp −$21	64.0 bp −$640	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	−0.0476%	1h	0.08354	−0.112%	$7K	$6K	10x	as long as short
BloFin ZBT-USDTshort	+0.0072%	4h	0.08374	+0.132%	$147K	$20K	50x
Aster ZBTUSDT	+0.0100%	4h	0.08371	+0.096%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08370	+0.087%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08364	+0.012%	$857K	$447K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08365	+0.024%	$558K	$1.4M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08370	+0.084%	$541K	$546K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08369	+0.072%	$1.4M	$199K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08369	+0.072%	$732K	$9.8M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08359	−0.048%	$6.0M	$140K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZBT-USDTlong	+0.0100%	4h	0.08363	long leg	—	$1.3M	—
Variational Omni ZBT	+0.0100%	4h	0.08364	+0.014%	$894	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08368	+0.064%	$4K	$122K	5x	as long as short