Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%

Price spread now: MEXC against KuCoin+0.115%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1161.162% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 7 days−0.100%−$10 · spread now +0.115%, 7d avg −0.037%

Together, before fees−0.133%−$13 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 0.152% dearer against KuCoin than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZBTUSDTM	0.08660	0.0100	pay 0.0050% / 4h	1h 37m	$667K	$9.4M	50x
Short	MEXC ZBT_USDT	0.08670	0.0100	get 0.0050% / 4h	1h 37m	$1.5M	$289K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now +0.115%Rate

Funding earned: $0
Price spread: +0.115% → −0.037%: $15.22
Slippage, 4 orders: −$100.25
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$101.03
Costs to cover: 1.162%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	1.74 bp	51.3 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.58 bp	6.6 bp −$7	34.4 bp −$344	233.8 bp −$23.4K	803.6 bp −$401.8K

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	−0.1265%	1h	0.08664	+0.046%	$7K	$1K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08673	+0.147%	$10K	$42K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08673	+0.150%	$3.6M	$5.0M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08672	+0.139%	$933K	$955K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08651	−0.104%	$631K	$2.2M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08663	+0.035%	$547K	$677K	50x	as long as short
MEXC ZBT_USDTshort	+0.0100%	4h	0.08670	+0.115%	$1.5M	$289K	100x
KuCoin ZBTUSDTMlong	+0.0100%	4h	0.08660	long leg	$667K	$9.4M	50x
Bitget ZBTUSDT	+0.0100%	4h	0.08665	+0.058%	$6.2M	$309K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08669	+0.104%	—	$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	0.08662	+0.023%	$1K	$13K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08665	+0.052%	$6K	$196K	5x	as long as short
BloFin ZBT-USDT	+0.0110%	4h	0.08670	+0.115%	$155K	$42K	50x	as long as short