Funding you earn now, next payment 02:00 UTC−0.1190%/8h= −130.3% APRpaid last 24h −0.199%
Price spread now: Kraken Futures against Gate−0.041%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and Kraken Futures is 0.041% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ZBT_USDT | 0.08443 | 0.0719 | pay 0.0719% / 8h | 6h 24m | $545K | $553K | 50x |
| Short | Kraken Futures PF_ZBTUSD | 0.08440 | −0.0471 | pay 0.0059% / 1h | 24m 39s | $7K | $7K | 10x |
Gate ZBT_USDT
Kraken Futures PF_ZBTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$249.96
- Price spread: −0.041% → 0.000%
- −$4.06
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$279.02
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 41 min ago; Kraken Futures: no order-book sample. Net counts fees only.
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 | 5.95 bp | 48.1 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ZBT on 12 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_ZBTUSDshort | −0.0471% | 1h | 0.08440 | −0.041% | $7K | $7K | 10x | |
| Aster ZBTUSDT | +0.0100% | 4h | 0.08422 | −0.246% | $10K | $15K | 5x | as long as short |
| Binance ZBTUSDT | +0.0100% | 4h | 0.08443 | 0.000% | $3.2M | $2.7M | 50x | as long as short |
| Bybit ZBTUSDT | +0.0100% | 4h | 0.08446 | +0.036% | $866K | $453K | 25x | as long as short |
| OKX ZBT-USDT-SWAP | +0.0100% | 4h | 0.08432 | −0.130% | $561K | $1.4M | 10x | as long as short |
| MEXC ZBT_USDT | +0.0100% | 4h | 0.08443 | 0.000% | $1.4M | $201K | 100x | as long as short |
| KuCoin ZBTUSDTM | +0.0100% | 4h | 0.08444 | +0.012% | $748K | $9.8M | 50x | as long as short |
| Bitget ZBTUSDT | +0.0100% | 4h | 0.08435 | −0.095% | $6.1M | $140K | 10x | as long as short |
| BingX ZBT-USDT | +0.0100% | 4h | 0.08445 | +0.024% | — | $1.3M | — | as long as short |
| Variational Omni ZBT | +0.0100% | 4h | 0.08448 | +0.055% | $901 | $453 | — | as long as short |
Aster ZBTUSDT
Binance ZBTUSDT
Bybit ZBTUSDT
OKX ZBT-USDT-SWAP
MEXC ZBT_USDT
KuCoin ZBTUSDTM
Bitget ZBTUSDT
BingX ZBT-USDT
Variational Omni ZBTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ZBT-USD | +0.0104% | 1h | 0.08444 | +0.010% | $2K | $124K | 5x | as long as short |
| Gate ZBT_USDTlong | +0.0719% | 8h | 0.08443 | long leg | $545K | $553K | 50x |
Extended ZBT-USD