ZBT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0029%/8h= +3.1% APRnext payment +$0.14 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against Bybit+0.083%112s7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as 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−$1121.122% of the position

Long on Bybit 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 3 days (all we have)−0.122%−$12 · spread now +0.083%, 7d avg −0.028%

Together, before fees−0.106%−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.112% dearer against Bybit than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.028%. The two prices were read 112 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	Bybit ZBTUSDT	0.08401	0.0100	pay 0.0050% / 4h	3h 05m	$870K	$434K	25x
Short	BloFin ZBT-USDT	0.08408	0.0129	get 0.0064% / 4h	3h 05m	$147K	$20K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.083%Rate

Funding earned: $5.99
Price spread: +0.083% → −0.028%: $11.18
Slippage, 4 orders: −$89.24
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$95.07
Costs to cover: 1.122%
Break-even: 118.2 days

Slippage from Bybit: live order book, 65 min ago; BloFin: live order book, 51 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 Bybit live order book, 65 min ago	2.39 bp	39.8 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 51 min ago	1.79 bp	21.5 bp −$21	56.4 bp −$564	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	−0.0705%	1h	0.08396	−0.062%	$7K	$6K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08413	+0.141%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08397	−0.044%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDTlong	+0.0100%	4h	0.08401	long leg	$870K	$434K	25x
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08394	−0.083%	$553K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08393	−0.095%	$1.4M	$200K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08399	−0.024%	$739K	$9.8M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08401	0.000%	$6.0M	$140K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08399	−0.024%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08404	+0.035%	$898	$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	0.08395	−0.070%	$4K	$124K	5x	as long as short
BloFin ZBT-USDTshort	+0.0129%	4h	0.08408	+0.083%	$147K	$20K	50x
Gate ZBT_USDT	+0.0637%	8h	0.08403	+0.024%	$545K	$564K	50x	as long as short