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: Bitget against Gate−0.036%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1451.450% of the position

Long on Gate Short on Bitget

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)+0.027%+$3 · spread now −0.036%, 7d avg −0.080%

Together, before fees+0.011%+$1 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: Bitget is 0.044% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZBT_USDT	0.08362	0.0100	pay 0.0100% / 8h	11m 45s	$546K	$558K	50x
Short	Bitget ZBTUSDT	0.08359	0.0100	get 0.0050% / 4h	11m 45s	$6.0M	$139K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → −0.080%: $4.45
Slippage, 4 orders: −$117.99
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$140.54
Costs to cover: 1.450%
Break-even: never at this rate

Slippage from Gate: live order book, 64 min ago; Bitget: 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 Gate live order book, 64 min ago	5.40 bp	46.6 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	5.38 bp	31.8 bp −$32	125.5 bp −$1,255	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	−0.0604%	1h	0.08358	−0.049%	$7K	$6K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08361	−0.009%	$10K	$16K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08363	+0.011%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08359	−0.036%	$865K	$436K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08359	−0.036%	$566K	$1.4M	10x	as long as short
Gate ZBT_USDTlong	+0.0100%	8h	0.08362	long leg	$546K	$558K	50x
MEXC ZBT_USDT	+0.0100%	4h	0.08363	+0.012%	$1.4M	$200K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08361	−0.012%	$710K	$9.8M	50x	as long as short
Bitget ZBTUSDTshort	+0.0100%	4h	0.08359	−0.036%	$6.0M	$139K	10x
BingX ZBT-USDT	+0.0100%	4h	0.08360	−0.024%	—	$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	0.08369	+0.087%	$891	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08361	−0.009%	$2K	$159K	5x	as long as short
BloFin ZBT-USDT	+0.0144%	4h	0.08361	−0.012%	$147K	$12K	50x	as long as short