Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.001%

Price spread now: BloFin against Extended+0.038%94s7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1001.000% of the position

Long on Extended Short on BloFin

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)+0.054%+$5 · spread now +0.038%, 7d avg +0.043%

Together, before fees+0.062%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ZBT-USD	0.08421	0.0104	pay 0.0013% / 1h	55m 19s	$3K	$118K	5x
Short	BloFin ZBT-USDT	0.08424	0.0060	get 0.0030% / 4h	3h 55m	$149K	$20K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$9.26
Price spread: +0.038% → +0.043%: −$0.49
Slippage, 4 orders: −$82.98
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$109.73
Costs to cover: 1.000%
Break-even: never at this rate

Slippage from Extended: live order book, 60 min ago; BloFin: 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 Extended live order book, 60 min ago	3.88 bp	18.7 bp −$19	244.6 bp −$2,446	doesn't fit	doesn't fit
Sell BloFin live order book, 34 min ago	1.19 bp	18.1 bp −$18	54.3 bp −$543	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	−0.0674%	1h	0.08415	−0.065%	$7K	$7K	10x	as long as short
BloFin ZBT-USDTshort	+0.0060%	4h	0.08424	+0.038%	$149K	$20K	50x
Aster ZBTUSDT	+0.0100%	4h	0.08411	−0.113%	$11K	$14K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08430	+0.104%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08420	−0.009%	$867K	$432K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08432	+0.133%	$555K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08429	+0.097%	$1.4M	$190K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08419	−0.021%	$736K	$9.3M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08425	+0.050%	$6.1M	$137K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08431	+0.121%	—	$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	0.08416	−0.063%	$898	$453	—	as long as short
Extended ZBT-USDlong	+0.0104%	1h	0.08421	long leg	$3K	$118K	5x
Gate ZBT_USDT	+0.0473%	8h	0.08420	−0.009%	$537K	$519K	50x	as long as short