Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0679%/8h= +74.4% APRpaid last 24h +0.208%

Price spread now: BingX against Kraken Futures+0.045%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on BingX

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—needs both histories

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and BingX is 0.045% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread 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	Kraken Futures PF_ZBTUSD	0.08589	−0.0579	get 0.0072% / 1h	20m 49s	$8K	$3K	10x
Short	BingX ZBT-USDT	0.08593	0.0100	get 0.0050% / 4h	2h 20m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Kraken Futures. 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 Kraken FuturesbpFee BingXbpOrdersPrice spread, now +0.045%Rate

Funding earned: $142.62
Price spread: +0.045% → 0.000%: $4.45
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $127.07
Costs to cover: 0.200%
Break-even: 0.8 days

Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 4 min ago. 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell BingX live order book, 4 min ago	4.08 bp	20.7 bp −$21	68.6 bp −$686	422.3 bp −$42.2K	1184.0 bp −$592.0K

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 13 exchanges

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_ZBTUSDlong	−0.0579%	1h	0.08589	long leg	$8K	$3K	10x
BloFin ZBT-USDT	+0.0056%	4h	0.08595	+0.068%	$150K	$41K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08591	+0.021%	$10K	$48K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08596	+0.077%	$3.5M	$5.5M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08596	+0.079%	$963K	$1.1M	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08580	−0.107%	$647K	$2.3M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08595	+0.068%	$1.7M	$355K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08591	+0.021%	$662K	$9.4M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08597	+0.091%	$6.2M	$347K	10x	as long as short
BingX ZBT-USDTshort	+0.0100%	4h	0.08593	+0.045%	—	$1.3M	—

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZBT	+0.0100%	4h	0.08596	+0.076%	$957	$12K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08593	+0.042%	$2K	$200K	5x	as long as short
Gate ZBT_USDT	+0.0190%	8h	0.08591	+0.021%	$553K	$754K	50x	as long as short