Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0984%/8h= −107.7% APRpaid last 24h −0.218%

Price spread now: Kraken Futures against Binance−0.079%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Kraken Futures is 0.079% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZBTUSDT	0.08322	0.0100	pay 0.0050% / 4h	2h 22m	$3.2M	$2.5M	50x
Short	Kraken Futures PF_ZBTUSD	0.08315	−0.0884	pay 0.0110% / 1h	22m 42s	$7K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$206.6
Price spread: −0.079% → 0.000%: −$7.91
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$234.5
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 13 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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 Binance live order book, 13 min ago	1.20 bp	21.7 bp −$22	99.6 bp −$996	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_ZBTUSDshort	−0.0884%	1h	0.08315	−0.079%	$7K	$6K	10x
BloFin ZBT-USDT	+0.0079%	4h	0.08322	0.000%	$146K	$12K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08325	+0.031%	$10K	$15K	5x	as long as short
Binance ZBTUSDTlong	+0.0100%	4h	0.08322	long leg	$3.2M	$2.5M	50x
Bybit ZBTUSDT	+0.0100%	4h	0.08326	+0.048%	$867K	$426K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08314	−0.096%	$584K	$1.3M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08325	+0.036%	$537K	$543K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08321	−0.012%	$1.4M	$205K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08320	−0.024%	$719K	$9.8M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08329	+0.084%	$6.0M	$138K	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	0.08319	−0.036%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08334	+0.147%	$888	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08320	−0.026%	$2K	$159K	5x	as long as short