Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Aster against Extended+0.095%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.095% dearer against Extended than usual: you sell high and buy low, +$10 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ZBT-USD	0.08308	0.0104	pay 0.0013% / 1h	56m 07s	$2K	$159K	5x
Short	Aster ZBTUSDT	0.08316	0.0100	get 0.0050% / 4h	2h 56m	$11K	$14K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.095%Rate

Funding earned: −$0.84
Price spread: +0.095% → 0.000%: $9.54
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$4.3
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 29 min ago; Aster: 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 Extended live order book, 29 min ago	3.37 bp	26.3 bp −$26	258.7 bp −$2,587	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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_ZBTUSD	−0.0884%	1h	0.08317	+0.107%	$7K	$6K	10x	as long as short
Aster ZBTUSDTshort	+0.0100%	4h	0.08316	+0.095%	$11K	$14K	5x
Binance ZBTUSDT	+0.0100%	4h	0.08316	+0.095%	$3.1M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08312	+0.045%	$866K	$433K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08305	−0.039%	$586K	$1.3M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08318	+0.117%	$537K	$539K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08312	+0.045%	$1.4M	$201K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08315	+0.081%	$719K	$9.8M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08318	+0.117%	$6.0M	$138K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08313	+0.057%	—	$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	0.08329	+0.251%	$889	$453	—	as long as short
Extended ZBT-USDlong	+0.0104%	1h	0.08308	long leg	$2K	$159K	5x
BloFin ZBT-USDT	+0.0125%	4h	0.08319	+0.129%	$147K	$11K	50x	as long as short