Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0844%/8h= +92.4% APRpaid last 24h +0.207%

Price spread now: BloFin against Kraken Futures+0.130%57s7-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 BloFin

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 +$25 a day on $10k at the current rate, and BloFin is 0.130% dearer against Kraken Futures than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZBTUSD	0.08381	−0.0707	get 0.0088% / 1h	35m 46s	$7K	$6K	10x
Short	BloFin ZBT-USDT	0.08392	0.0137	get 0.0069% / 4h	3h 35m	$148K	$12K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.130%Rate

Funding earned: $177.26
Price spread: +0.130% → 0.000%: $13
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $168.26
Costs to cover: 0.220%
Break-even: 0.4 days

Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 21 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 BloFin live order book, 21 min ago	1.79 bp	21.5 bp −$21	56.4 bp −$564	doesn't fit	doesn't fit

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 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_ZBTUSDlong	−0.0707%	1h	0.08381	long leg	$7K	$6K	10x
Aster ZBTUSDT	+0.0100%	4h	0.08385	+0.041%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08379	−0.025%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08381	−0.001%	$870K	$434K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08375	−0.073%	$553K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08381	−0.001%	$1.4M	$198K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08379	−0.025%	$739K	$9.8M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08378	−0.037%	$6.0M	$139K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08379	−0.025%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08386	+0.055%	$894	$453	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ZBT-USD	+0.0104%	1h	0.08384	+0.034%	$2K	$158K	5x	as long as short
Gate ZBT_USDT	+0.0113%	8h	0.08382	+0.011%	$544K	$554K	50x	as long as short
BloFin ZBT-USDTshort	+0.0137%	4h	0.08392	+0.130%	$148K	$12K	50x