Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1137%/8h= +124.5% APRpaid last 24h +0.187%

Price spread now: Gate against Kraken Futures+0.082%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 Gate

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 +$34 a day on $10k at the current rate, and Gate is 0.082% dearer against Kraken Futures than usual: you sell high and buy low: +$8 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	0.08413	−0.0674	get 0.0084% / 1h	56m 56s	$7K	$7K	10x
Short	Gate ZBT_USDT	0.08420	0.0463	get 0.0463% / 8h	3h 56m	$537K	$518K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.082%Rate

Funding earned: $238.75
Price spread: +0.082% → 0.000%: $8.22
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $221.97
Costs to cover: 0.250%
Break-even: 0.5 days

Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 59 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 Gate live order book, 59 min ago	2.98 bp	43.6 bp −$44	doesn't fit	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	−0.0674%	1h	0.08413	long leg	$7K	$7K	10x
BloFin ZBT-USDT	+0.0060%	4h	0.08424	+0.130%	$149K	$20K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08412	−0.014%	$11K	$14K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08414	+0.011%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08417	+0.047%	$867K	$431K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08409	−0.049%	$554K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08416	+0.035%	$1.4M	$190K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08412	−0.013%	$736K	$9.4M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08409	−0.049%	$6.0M	$137K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08412	−0.013%	—	$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	0.08408	−0.060%	$896	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08412	−0.016%	$3K	$118K	5x	as long as short
Gate ZBT_USDTshort	+0.0463%	8h	0.08420	+0.082%	$537K	$518K	50x