Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against MEXC+0.012%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$670.671% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.234%+$23 on $10k

Price spread, last 7 days−0.014%−$1 · spread now +0.012%, 7d avg +0.042%

Together, before fees+0.220%+$22 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: BingX is 0.030% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZBT_USDT	0.08398	0.0100	pay 0.0050% / 4h	3h 05m	$1.4M	$200K	100x
Short	BingX ZBT-USDT	0.08399	0.0100	get 0.0050% / 4h	3h 05m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → +0.042%: −$3
Slippage, 4 orders: −$53.12
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$70.12
Costs to cover: 0.671%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; BingX: live order book, 11 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 MEXC live order book, 6 min ago	1.19 bp	10.3 bp −$10	57.4 bp −$574	225.3 bp −$22.5K	756.4 bp −$378.2K
Sell BingX live order book, 11 min ago	2.97 bp	24.4 bp −$24	74.2 bp −$742	427.2 bp −$42.7K	953.8 bp −$476.9K

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	−0.026%	$7K	$6K	10x	as long as short
BloFin ZBT-USDT	+0.0066%	4h	0.08415	+0.202%	$148K	$20K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08400	+0.029%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08397	−0.007%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08401	+0.036%	$870K	$434K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08394	−0.048%	$553K	$1.4M	10x	as long as short
MEXC ZBT_USDTlong	+0.0100%	4h	0.08398	long leg	$1.4M	$200K	100x
KuCoin ZBTUSDTM	+0.0100%	4h	0.08399	+0.012%	$739K	$9.8M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08401	+0.036%	$6.0M	$140K	10x	as long as short
BingX ZBT-USDTshort	+0.0100%	4h	0.08399	+0.012%	—	$1.3M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZBT	+0.0100%	4h	0.08404	+0.071%	$898	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08395	−0.035%	$4K	$124K	5x	as long as short
Gate ZBT_USDT	+0.0637%	8h	0.08403	+0.060%	$545K	$564K	50x	as long as short