ZBT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.28 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against MEXC−0.023%94s7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as 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−$540.541% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.023%, 7d avg +0.020%

Together, before fees+0.098%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.043% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.020%). Swap the legs. The two prices were read 94 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	MEXC ZBT_USDT	0.08545	0.0100	pay 0.0050% / 4h	2h 03m	$1.5M	$290K	100x
Short	BloFin ZBT-USDT	0.08543	0.0043	get 0.0022% / 4h	2h 03m	$153K	$30K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$11.9
Price spread: −0.023% → +0.020%: −$4.34
Slippage, 4 orders: −$38.08
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$70.32
Costs to cover: 0.541%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; BloFin: 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, 3 min ago	1.17 bp	8.4 bp −$8	52.6 bp −$526	252.2 bp −$25.2K	815.4 bp −$407.7K
Sell BloFin live order book, 11 min ago	0.59 bp	19.5 bp −$20	53.6 bp −$536	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	−0.0712%	1h	0.08539	−0.065%	$7K	$1K	10x	as long as short
BloFin ZBT-USDTshort	+0.0043%	4h	0.08543	−0.023%	$153K	$30K	50x
Aster ZBTUSDT	+0.0100%	4h	0.08543	−0.020%	$10K	$43K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08547	+0.020%	$3.5M	$4.9M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08542	−0.035%	$916K	$936K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08536	−0.105%	$620K	$2.1M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08547	+0.023%	$534K	$675K	50x	as long as short
MEXC ZBT_USDTlong	+0.0100%	4h	0.08545	long leg	$1.5M	$290K	100x
KuCoin ZBTUSDTM	+0.0100%	4h	0.08539	−0.070%	$678K	$9.4M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08545	0.000%	$6.2M	$296K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZBT-USDT	+0.0100%	4h	0.08543	−0.023%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08542	−0.041%	$1K	$13K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08544	−0.007%	$1K	$193K	5x	as long as short