ZBT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.18 per $10,000 · paid last 24h −0.002%

Price spread now: Binance against BloFin−0.160%91s7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as 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−$880.884% of the position

Long on BloFin Short on Binance

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)−0.016%−$2 · spread now −0.160%, 7d avg −0.022%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.138% cheaper against BloFin than usual: you would sell low and buy high (spread −0.160% now, against its 7-day average of −0.022%). If the spread goes back, that is −$14 on $10k: about 13 days of funding at the current rate (+$1 a day). The two prices were read 91 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	BloFin ZBT-USDT	0.08383	0.0064	pay 0.0032% / 4h	1h 03m	$149K	$20K	50x
Short	Binance ZBTUSDT	0.08370	0.0100	get 0.0050% / 4h	1h 03m	$3.2M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.160%Rate

Funding earned: $7.55
Price spread: −0.160% → −0.022%: −$13.85
Slippage, 4 orders: −$66.41
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$94.71
Costs to cover: 0.884%
Break-even: 94.9 days

Slippage from BloFin: live order book, 33 min ago; Binance: live order book, 2 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 BloFin live order book, 33 min ago	1.19 bp	16.0 bp −$16	48.5 bp −$485	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.60 bp	24.7 bp −$25	85.0 bp −$850	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	−0.0535%	1h	0.08369	−0.161%	$7K	$7K	10x	as long as short
BloFin ZBT-USDTlong	+0.0064%	4h	0.08383	long leg	$149K	$20K	50x
Aster ZBTUSDT	+0.0100%	4h	0.08378	−0.054%	$10K	$15K	5x	as long as short
Binance ZBTUSDTshort	+0.0100%	4h	0.08370	−0.160%	$3.2M	$2.6M	50x
Bybit ZBTUSDT	+0.0100%	4h	0.08369	−0.167%	$857K	$424K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08363	−0.239%	$550K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08375	−0.095%	$1.4M	$201K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08373	−0.119%	$731K	$9.6M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08371	−0.143%	$6.0M	$130K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08366	−0.203%	—	$1.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZBT	+0.0100%	4h	0.08368	−0.181%	$894	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08375	−0.100%	$4K	$116K	5x	as long as short
Gate ZBT_USDT	+0.0276%	8h	0.08373	−0.119%	$537K	$550K	50x	as long as short