Funding you earn now, next payment 12:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h +0.004%
Price spread now: Gate against OKX+0.082%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$189as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1661.663% of the position
Funding, last 7 days−0.229%−$23 on $10k
+Price spread, last 4 days (all we have)−0.493%−$49 · spread now +0.082%, 7d avg −0.030%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.112% dearer against OKX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.030%. Mind the row above: over the last 7 days funding on this pair cost −0.229%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ZBT-USDT-SWAP | 0.08517 | 0.0015 | pay 0.0008% / 4h | 3h 31m | $627K | $2.3M | 10x |
| Short | Gate ZBT_USDT | 0.08524 | 0.0100 | get 0.0100% / 8h | 7h 31m | $555K | $741K | 50x |
OKX ZBT-USDT-SWAP
Gate ZBT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against OKX. 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
- $17.84
- Price spread: +0.082% → −0.030%
- $11.19
- Slippage, 4 orders
- −$141.28
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$137.24
- Costs to cover
- 1.663%
- Break-even
- 60.8 days
Slippage from OKX: live order book, 5 min ago; Gate: live order book, 64 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, 5 min ago | 0.58 bp | 28.8 bp −$29 | 291.5 bp −$2,915 | doesn't fit | doesn't fit |
| Sell Gate live order book, 64 min ago | 4.61 bp | 47.3 bp −$47 | doesn't fit | 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 | −0.0658% | 1h | 0.08514 | −0.033% | $8K | $3K | 10x | as long as short |
| KuCoin ZBTUSDTM | −0.0002% | 4h | 0.08522 | +0.059% | $640K | $9.5M | 50x | as long as short |
| OKX ZBT-USDT-SWAPlong | +0.0015% | 4h | 0.08517 | long leg | $627K | $2.3M | 10x | |
| BloFin ZBT-USDT | +0.0081% | 4h | 0.08520 | +0.035% | $150K | $42K | 50x | as long as short |
| Aster ZBTUSDT | +0.0100% | 4h | 0.08521 | +0.042% | $9K | $48K | 5x | as long as short |
| Binance ZBTUSDT | +0.0100% | 4h | 0.08520 | +0.034% | $3.5M | $5.5M | 50x | as long as short |
| Bybit ZBTUSDT | +0.0100% | 4h | 0.08523 | +0.070% | $932K | $1.1M | 25x | as long as short |
| Gate ZBT_USDTshort | +0.0100% | 8h | 0.08524 | +0.082% | $555K | $741K | 50x | |
| MEXC ZBT_USDT | +0.0100% | 4h | 0.08520 | +0.035% | $1.7M | $347K | 100x | as long as short |
| Bitget ZBTUSDT | +0.0100% | 4h | 0.08522 | +0.059% | $6.1M | $339K | 10x | as long as short |
Kraken Futures PF_ZBTUSD
KuCoin ZBTUSDTM
BloFin ZBT-USDT
Aster ZBTUSDT
Binance ZBTUSDT
Bybit ZBTUSDT
MEXC ZBT_USDT
Bitget ZBTUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ZBT-USDT | +0.0100% | 4h | 0.08521 | +0.047% | — | $1.3M | — | as long as short |
| Variational Omni ZBT | +0.0100% | 4h | 0.08559 | +0.488% | $1K | $12K | — | as long as short |
| Extended ZBT-USD | +0.0104% | 1h | 0.08517 | −0.004% | $3K | $200K | 5x | as long as short |
BingX ZBT-USDT
Variational Omni ZBT
Extended ZBT-USD