Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: BingX against Extended−0.066%7-day average +0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1051.055% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.225%+$23 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.066%, 7d avg +0.064%

Together, before fees+0.283%+ Points / potential airdropExtended: Active · farm board+$28 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: BingX is 0.130% cheaper against Extended than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ZBT-USD	0.08414	0.0104	pay 0.0013% / 1h	1m 15s	$4K	$112K	5x
Short	BingX ZBT-USDT	0.08408	0.0100	get 0.0050% / 4h	1m 15s	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$0.84
Price spread: −0.066% → +0.064%: −$13.01
Slippage, 4 orders: −$90.5
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$119.35
Costs to cover: 1.055%
Break-even: never at this rate

Slippage from Extended: live order book, 54 min ago; BingX: live order book, 5 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 Extended live order book, 54 min ago	3.88 bp	18.7 bp −$19	244.6 bp −$2,446	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	3.58 bp	21.9 bp −$22	72.9 bp −$729	491.8 bp −$49.2K	1020.9 bp −$510.5K

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	−0.0849%	1h	0.08405	−0.102%	$7K	$7K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08403	−0.124%	$11K	$14K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08412	−0.019%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08409	−0.054%	$866K	$430K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08410	−0.042%	$555K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08411	−0.030%	$1.4M	$203K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08405	−0.102%	$726K	$9.4M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08405	−0.102%	$6.0M	$137K	10x	as long as short
BingX ZBT-USDTshort	+0.0100%	4h	0.08408	−0.066%	—	$1.3M	—
Variational Omni ZBT	+0.0100%	4h	0.08389	−0.297%	$896	$453	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ZBT-USDlong	+0.0104%	1h	0.08414	long leg	$4K	$112K	5x
BloFin ZBT-USDT	+0.0150%	4h	0.08406	−0.090%	$149K	$20K	50x	as long as short
Gate ZBT_USDT	+0.0432%	8h	0.08402	−0.137%	$536K	$547K	50x	as long as short