Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Gate−0.156%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.156% cheaper against Gate than usual: you would sell low and buy high, −$16 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZBT_USDT	0.08638	0.0100	pay 0.0100% / 8h	59m 05s	$552K	$692K	50x
Short	Variational Omni ZBT	0.08624	0.0100	get 0.0050% / 4h	59m 05s	$1K	$13K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.156%Rate

Funding earned: $0
Price spread: −0.156% → 0.000%: −$15.64
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$30.64
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 42 min ago; Variational Omni: 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, 42 min ago	5.77 bp	60.1 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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 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	−0.1245%	1h	0.08637	−0.009%	$7K	$1K	10x	as long as short
OKX ZBT-USDT-SWAP	−0.0048%	4h	0.08624	−0.162%	$630K	$2.2M	10x	as long as short
KuCoin ZBTUSDTM	+0.0022%	4h	0.08635	−0.035%	$647K	$9.4M	50x	as long as short
BloFin ZBT-USDT	+0.0092%	4h	0.08640	+0.023%	$155K	$42K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08634	−0.044%	$10K	$43K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08632	−0.067%	$3.6M	$5.2M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08629	−0.104%	$930K	$986K	25x	as long as short
Gate ZBT_USDTlong	+0.0100%	8h	0.08638	long leg	$552K	$692K	50x
MEXC ZBT_USDT	+0.0100%	4h	0.08631	−0.081%	$1.6M	$296K	100x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08635	−0.035%	$6.2M	$322K	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	0.08628	−0.116%	—	$1.3M	—	as long as short
Variational Omni ZBTshort	+0.0100%	4h	0.08624	−0.156%	$1K	$13K	—
Extended ZBT-USD	+0.0104%	1h	0.08628	−0.121%	$6K	$178K	5x	as long as short