Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Bybit+0.036%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1591.594% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.169%−$17 · spread now +0.036%, 7d avg +0.005%

Together, before fees−0.153%−$15 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: Gate is 0.032% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZBTUSDT	0.08308	0.0100	pay 0.0050% / 4h	2h 50m	$865K	$433K	25x
Short	Gate ZBT_USDT	0.08311	0.0100	get 0.0100% / 8h	2h 50m	$536K	$540K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee BybitbpFee GatebpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → +0.005%: $3.16
Slippage, 4 orders: −$133.35
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$156.2
Costs to cover: 1.594%
Break-even: never at this rate

Slippage from Bybit: live order book, 34 min ago; Gate: live order book, 34 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 Bybit live order book, 34 min ago	4.81 bp	43.3 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 34 min ago	6.00 bp	35.2 bp −$35	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	−0.0884%	1h	0.08316	+0.102%	$7K	$6K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08316	+0.096%	$11K	$14K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08314	+0.066%	$3.1M	$2.6M	50x	as long as short
Bybit ZBTUSDTlong	+0.0100%	4h	0.08308	long leg	$865K	$433K	25x
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08313	+0.060%	$587K	$1.3M	10x	as long as short
Gate ZBT_USDTshort	+0.0100%	8h	0.08311	+0.036%	$536K	$540K	50x
MEXC ZBT_USDT	+0.0100%	4h	0.08314	+0.072%	$1.4M	$201K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08315	+0.084%	$717K	$9.8M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08322	+0.169%	$6.0M	$138K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08311	+0.036%	—	$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	0.08315	+0.084%	$888	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08314	+0.074%	$2K	$159K	5x	as long as short
BloFin ZBT-USDT	+0.0107%	4h	0.08309	+0.012%	$147K	$11K	50x	as long as short