Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1013%/8h= −110.9% APRpaid last 24h −0.214%

Price spread now: Kraken Futures against Bitget−0.071%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 0.071% cheaper against Bitget than usual: you would sell low and buy high (−$7 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	Bitget ZBTUSDT	0.08321	0.0100	pay 0.0050% / 4h	1h 35m	$6.0M	$136K	10x
Short	Kraken Futures PF_ZBTUSD	0.08315	−0.0913	pay 0.0114% / 1h	35m 40s	$7K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$212.64
Price spread: −0.071% → 0.000%: −$7.09
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$241.73
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	7.20 bp	26.1 bp −$26	102.2 bp −$1,022	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	−0.0913%	1h	0.08315	−0.071%	$7K	$6K	10x
BloFin ZBT-USDT	+0.0091%	4h	0.08320	−0.012%	$147K	$12K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08324	+0.041%	$11K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08316	−0.060%	$3.2M	$2.5M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08318	−0.036%	$867K	$423K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08319	−0.024%	$582K	$1.3M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08327	+0.072%	$537K	$534K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08313	−0.096%	$1.4M	$203K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08322	+0.012%	$716K	$9.8M	50x	as long as short
Bitget ZBTUSDTlong	+0.0100%	4h	0.08321	long leg	$6.0M	$136K	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZBT-USDT	+0.0100%	4h	0.08315	−0.072%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08325	+0.049%	$888	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08314	−0.087%	$2K	$159K	5x	as long as short