Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0815%/8h= −89.2% APRpaid last 24h −0.184%

Price spread now: Kraken Futures against BloFin+0.064%7-day average — · you sell dearer than you buy

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

Long on BloFin 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

The price spread pays, funding is against you. Kraken Futures is 0.064% dearer against BloFin than usual: you sell high and buy low (spread +0.064% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZBT-USDT	0.08513	0.0101	pay 0.0050% / 4h	2h 32m	$158K	$25K	50x
Short	Kraken Futures PF_ZBTUSD	0.08518	−0.0714	pay 0.0089% / 1h	32m 59s	$7K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$171.05
Price spread: +0.064% → 0.000%: $6.42
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$186.63
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 46 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 BloFin live order book, 46 min ago	4.16 bp	23.2 bp −$23	55.3 bp −$553	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	−0.0714%	1h	0.08518	+0.064%	$7K	$1K	10x
Aster ZBTUSDT	+0.0100%	4h	0.08518	+0.057%	$10K	$38K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08510	−0.038%	$3.4M	$4.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08504	−0.106%	$908K	$879K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08499	−0.164%	$607K	$2.0M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08516	+0.035%	$535K	$642K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08517	+0.047%	$1.5M	$261K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08513	0.000%	$666K	$9.4M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08516	+0.035%	$6.1M	$264K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08508	−0.059%	—	$1.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZBT	+0.0100%	4h	0.08550	+0.431%	$7K	$7K	—	as long as short
BloFin ZBT-USDTlong	+0.0101%	4h	0.08513	long leg	$158K	$25K	50x
Extended ZBT-USD	+0.0104%	1h	0.08515	+0.025%	$3K	$189K	5x	as long as short