Funding you earn now, next payment 04:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h 0.000%
Price spread now: Bitget against Gate−0.120%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1551.553% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)+0.144%+$14 · spread now −0.120%, 7d avg −0.077%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.042% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.077%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ZBT_USDT | 0.08360 | 0.0207 | pay 0.0207% / 8h | 4h 45m | $535K | $534K | 50x |
| Short | Bitget ZBTUSDT | 0.08350 | 0.0100 | get 0.0050% / 4h | 45m 23s | $6.0M | $130K | 10x |
Gate ZBT_USDT
Bitget ZBTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$22.47
- Price spread: −0.120% → −0.077%
- −$4.25
- Slippage, 4 orders
- −$128.3
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$182.02
- Costs to cover
- 1.553%
- Break-even
- never at this rate
Slippage from Gate: live order book, 11 min ago; Bitget: 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 Gate live order book, 11 min ago | 2.98 bp | 47.2 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 4.80 bp | 26.6 bp −$27 | 95.7 bp −$957 | 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 | −0.0854% | 1h | 0.08361 | +0.010% | $7K | $7K | 10x | as long as short |
| Aster ZBTUSDT | +0.0100% | 4h | 0.08358 | −0.019% | $10K | $14K | 5x | as long as short |
| Binance ZBTUSDT | +0.0100% | 4h | 0.08361 | +0.008% | $3.2M | $2.6M | 50x | as long as short |
| Bybit ZBTUSDT | +0.0100% | 4h | 0.08359 | −0.012% | $862K | $436K | 25x | as long as short |
| OKX ZBT-USDT-SWAP | +0.0100% | 4h | 0.08356 | −0.048% | $548K | $1.4M | 10x | as long as short |
| MEXC ZBT_USDT | +0.0100% | 4h | 0.08359 | −0.012% | $1.4M | $198K | 100x | as long as short |
| KuCoin ZBTUSDTM | +0.0100% | 4h | 0.08359 | −0.012% | $734K | $9.5M | 50x | as long as short |
| Bitget ZBTUSDTshort | +0.0100% | 4h | 0.08350 | −0.120% | $6.0M | $130K | 10x | |
| BingX ZBT-USDT | +0.0100% | 4h | 0.08357 | −0.036% | — | $1.3M | — | as long as short |
| Variational Omni ZBT | +0.0100% | 4h | 0.08357 | −0.036% | $892 | $453 | — | as long as short |
Kraken Futures PF_ZBTUSD
Aster ZBTUSDT
Binance ZBTUSDT
Bybit ZBTUSDT
OKX ZBT-USDT-SWAP
MEXC ZBT_USDT
KuCoin ZBTUSDTM
BingX ZBT-USDT
Variational Omni ZBTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ZBT-USD | +0.0104% | 1h | 0.08356 | −0.043% | $4K | $111K | 5x | as long as short |
| BloFin ZBT-USDT | +0.0138% | 4h | 0.08350 | −0.120% | $148K | $20K | 50x | as long as short |
| Gate ZBT_USDTlong | +0.0207% | 8h | 0.08360 | long leg | $535K | $534K | 50x |
Extended ZBT-USD
BloFin ZBT-USDT