Funding arb · Price arb /

ZBT

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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 0.000%

Price spread now: MEXC against Bitget−0.047%7-day average +0.047% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$950.945% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.210%+$21 · spread now −0.047%, 7d avg +0.047%

Together, before fees+0.210%+$21 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 0.094% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZBTUSDT	0.08527	0.0100	pay 0.0050% / 4h	3h 33m	$6.1M	$339K	10x
Short	MEXC ZBT_USDT	0.08523	0.0100	get 0.0050% / 4h	3h 33m	$1.7M	$347K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → +0.047%: −$9.44
Slippage, 4 orders: −$78.5
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$103.94
Costs to cover: 0.945%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; MEXC: live order book, 3 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 Bitget live order book, 5 min ago	5.25 bp	29.7 bp −$30	143.9 bp −$1,439	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.58 bp	10.4 bp −$10	57.5 bp −$575	239.4 bp −$23.9K	829.3 bp −$414.7K

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	−0.0658%	1h	0.08519	−0.099%	$8K	$3K	10x	as long as short
KuCoin ZBTUSDTM	−0.0008%	4h	0.08524	−0.035%	$642K	$9.5M	50x	as long as short
OKX ZBT-USDT-SWAP	+0.0011%	4h	0.08518	−0.106%	$627K	$2.3M	10x	as long as short
BloFin ZBT-USDT	+0.0081%	4h	0.08520	−0.082%	$150K	$42K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08521	−0.068%	$9K	$48K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08521	−0.070%	$3.5M	$5.5M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08525	−0.023%	$932K	$1.1M	25x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08528	+0.012%	$555K	$740K	50x	as long as short
MEXC ZBT_USDTshort	+0.0100%	4h	0.08523	−0.047%	$1.7M	$347K	100x
Bitget ZBTUSDTlong	+0.0100%	4h	0.08527	long leg	$6.1M	$339K	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZBT-USDT	+0.0100%	4h	0.08520	−0.082%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08559	+0.370%	$1K	$12K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08519	−0.092%	$3K	$200K	5x	as long as short