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: Binance against Gate+0.012%7-day average −0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1241.241% of the position

Long on Gate Short on Binance

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)+0.035%+$3 · spread now +0.012%, 7d avg −0.057%

Together, before fees+0.019%+$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: Binance is 0.069% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZBT_USDT	0.08330	0.0100	pay 0.0100% / 8h	1h 40m	$537K	$533K	50x
Short	Binance ZBTUSDT	0.08331	0.0100	get 0.0050% / 4h	1h 40m	$3.2M	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → −0.057%: $6.88
Slippage, 4 orders: −$99.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$117.26
Costs to cover: 1.241%
Break-even: never at this rate

Slippage from Gate: live order book, 41 min ago; Binance: live order book, 11 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 Gate live order book, 41 min ago	6.00 bp	41.3 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.60 bp	22.0 bp −$22	82.8 bp −$828	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	−0.0911%	1h	0.08327	−0.040%	$7K	$6K	10x	as long as short
BloFin ZBT-USDT	+0.0083%	4h	0.08333	+0.036%	$147K	$12K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08328	−0.024%	$11K	$15K	5x	as long as short
Binance ZBTUSDTshort	+0.0100%	4h	0.08331	+0.012%	$3.2M	$2.5M	50x
Bybit ZBTUSDT	+0.0100%	4h	0.08330	0.000%	$867K	$421K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08330	0.000%	$584K	$1.3M	10x	as long as short
Gate ZBT_USDTlong	+0.0100%	8h	0.08330	long leg	$537K	$533K	50x
MEXC ZBT_USDT	+0.0100%	4h	0.08331	+0.012%	$1.4M	$202K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08330	0.000%	$715K	$9.8M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08330	0.000%	$6.0M	$136K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZBT-USDT	+0.0100%	4h	0.08330	0.000%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08325	−0.060%	$888	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08331	+0.015%	$2K	$159K	5x	as long as short