Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.016%

Price spread now: KuCoin against Extended−0.081%7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1591.595% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.081%, 7d avg +0.050%

Together, before fees−0.019%+ Points / potential airdropExtended: Active · farm board−$2 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: KuCoin is 0.131% 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 +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ZBT-USD	0.08391	0.0104	pay 0.0013% / 1h	42m 17s	$887	$114K	5x
Short	KuCoin ZBTUSDTM	0.08384	0.0100	get 0.0050% / 4h	42m 17s	$731K	$9.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.081%Rate

Funding earned: −$0.84
Price spread: −0.081% → +0.050%: −$13.09
Slippage, 4 orders: −$142.49
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$173.42
Costs to cover: 1.595%
Break-even: never at this rate

Slippage from Extended: live order book, 13 min ago; KuCoin: live order book, 1 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, 13 min ago	3.88 bp	18.7 bp −$19	244.6 bp −$2,446	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	1.19 bp	50.5 bp −$51	680.2 bp −$6,802	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	−0.0851%	1h	0.08387	−0.051%	$7K	$7K	10x	as long as short
BloFin ZBT-USDT	+0.0063%	4h	0.08380	−0.129%	$149K	$20K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08382	−0.110%	$10K	$14K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08392	+0.014%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08390	−0.009%	$865K	$436K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08388	−0.033%	$550K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08391	+0.002%	$1.4M	$198K	100x	as long as short
KuCoin ZBTUSDTMshort	+0.0100%	4h	0.08384	−0.081%	$731K	$9.5M	50x
Bitget ZBTUSDT	+0.0100%	4h	0.08388	−0.033%	$6.0M	$130K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08389	−0.021%	—	$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	0.08357	−0.403%	$892	$453	—	as long as short
Extended ZBT-USDlong	+0.0104%	1h	0.08391	long leg	$887	$114K	5x
Gate ZBT_USDT	+0.0202%	8h	0.08384	−0.081%	$537K	$535K	50x	as long as short