Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0246%/8h= +27.0% APRpaid last 24h +0.001%

Price spread now: Gate against BloFin+0.140%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1411.410% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.225%−$22 · spread now +0.140%, 7d avg +0.039%

Together, before fees−0.225%−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Gate is 0.100% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.039%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.000% in total (about -0.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZBT-USDT	0.08589	0.0114	pay 0.0057% / 4h	3h 22m	$150K	$42K	50x
Short	Gate ZBT_USDT	0.08601	0.0360	get 0.0360% / 8h	7h 22m	$559K	$747K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now +0.140%Rate

Funding earned: $51.76
Price spread: +0.140% → +0.039%: $10.03
Slippage, 4 orders: −$114.05
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$79.26
Costs to cover: 1.410%
Break-even: 17.7 days

Slippage from BloFin: live order book, 42 min ago; Gate: live order book, 9 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 BloFin live order book, 42 min ago	2.31 bp	17.6 bp −$18	73.4 bp −$734	doesn't fit	doesn't fit
Sell Gate live order book, 9 min ago	7.03 bp	47.0 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	−0.0652%	1h	0.08597	+0.089%	$8K	$3K	10x	as long as short
OKX ZBT-USDT-SWAP	+0.0067%	4h	0.08593	+0.047%	$628K	$2.3M	10x	as long as short
KuCoin ZBTUSDTM	+0.0068%	4h	0.08594	+0.058%	$651K	$9.4M	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08587	−0.018%	$9K	$47K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08598	+0.105%	$3.5M	$5.5M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08598	+0.105%	$937K	$1.1M	25x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08599	+0.116%	$1.7M	$353K	100x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08602	+0.151%	$6.2M	$341K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08596	+0.081%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08554	−0.404%	$1K	$12K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ZBT-USD	+0.0104%	1h	0.08597	+0.088%	$3K	$200K	5x	as long as short
BloFin ZBT-USDTlong	+0.0114%	4h	0.08589	long leg	$150K	$42K	50x
Gate ZBT_USDTshort	+0.0360%	8h	0.08601	+0.140%	$559K	$747K	50x