Settings8H · net · $10k
Funding arb · Price arb /

ZBT

all ZBT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Bybit+0.052%7-day average −0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costs−$180as in the Price arb table
costs, in and out, $10k−$1931.931% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.008%+$1 on $10k
Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.052%, 7d avg −0.078%
Together, before fees−0.135%+ Points / potential airdropExtended: Active · farm board−$13 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.130% dearer against Bybit than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.078%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZBTUSDT0.083230.0100pay 0.0050% / 4h1h 37m$867K$422K25x
ShortExtended ZBT-USD0.083270.0104get 0.0013% / 1h37m 54s$2K$159K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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

Funding earned
$0.84
Price spread: +0.052% → −0.078%
$12.99
Slippage, 4 orders
−$177.15
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$179.32
Costs to cover
1.931%
Break-even
1501.3 days
Slippage from Bybit: live order book, 42 min ago; Extended: live order book, 43 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 42 min ago4.80 bp53.5 bp −$54doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 43 min ago2.34 bp64.5 bp −$64doesn't fitdoesn't fitdoesn't fit

ZBT on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZBTUSD−0.0911%1h0.08328+0.064%$7K$6K10xas long as short
Aster ZBTUSDT+0.0100%4h0.08333+0.114%$11K$15K5xas long as short
Binance ZBTUSDT+0.0100%4h0.08327+0.050%$3.2M$2.5M50xas long as short
Bybit ZBTUSDTlong+0.0100%4h0.08323long leg$867K$422K25x
OKX ZBT-USDT-SWAP+0.0100%4h0.08329+0.072%$582K$1.3M10xas long as short
Gate ZBT_USDT+0.0100%8h0.08337+0.168%$538K$533K50xas long as short
MEXC ZBT_USDT+0.0100%4h0.08327+0.048%$1.4M$202K100xas long as short
KuCoin ZBTUSDTM+0.0100%4h0.08329+0.072%$716K$9.8M50xas long as short
Bitget ZBTUSDT+0.0100%4h0.08324+0.012%$6.0M$136K10xas long as short
BingX ZBT-USDT+0.0100%4h0.08330+0.084%$1.3Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ZBT+0.0100%4h0.08325+0.025%$888$453as long as short
Extended ZBT-USDshort+0.0104%1h0.08327+0.052%$2K$159K5x
BloFin ZBT-USDT+0.0140%4h0.08328+0.060%$146K$12K50xas long as short