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 OKX+0.036%7-day average −0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$950.954% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days−0.049%−$5 · spread now +0.036%, 7d avg −0.064%

Together, before fees−0.063%−$6 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 0.100% dearer against OKX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZBT-USDT-SWAP	0.08363	0.0100	pay 0.0050% / 4h	1h 03m	$550K	$1.4M	10x
Short	BingX ZBT-USDT	0.08366	0.0100	get 0.0050% / 4h	1h 03m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → −0.064%: $9.96
Slippage, 4 orders: −$75.39
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$85.43
Costs to cover: 0.954%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; BingX: live order book, 8 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 OKX live order book, 3 min ago	0.60 bp	31.6 bp −$32	213.7 bp −$2,137	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	2.97 bp	23.2 bp −$23	78.2 bp −$782	493.8 bp −$49.4K	1035.3 bp −$517.6K

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	−0.0535%	1h	0.08369	+0.077%	$7K	$7K	10x	as long as short
BloFin ZBT-USDT	+0.0064%	4h	0.08383	+0.239%	$149K	$20K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08378	+0.185%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08370	+0.079%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08369	+0.072%	$857K	$424K	25x	as long as short
OKX ZBT-USDT-SWAPlong	+0.0100%	4h	0.08363	long leg	$550K	$1.4M	10x
MEXC ZBT_USDT	+0.0100%	4h	0.08375	+0.143%	$1.4M	$201K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08373	+0.120%	$731K	$9.6M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08371	+0.096%	$6.0M	$130K	10x	as long as short
BingX ZBT-USDTshort	+0.0100%	4h	0.08366	+0.036%	—	$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	0.08368	+0.058%	$894	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08375	+0.139%	$4K	$116K	5x	as long as short
Gate ZBT_USDT	+0.0276%	8h	0.08373	+0.120%	$537K	$550K	50x	as long as short