Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0950%/8h= +104.0% APRpaid last 24h +0.204%

Price spread now: KuCoin against Kraken Futures+0.070%52s7-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 KuCoin

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 +$29 a day on $10k at the current rate, and KuCoin is 0.070% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	0.08397	−0.0850	get 0.0106% / 1h	15m 21s	$7K	$7K	10x
Short	KuCoin ZBTUSDTM	0.08403	0.0100	get 0.0050% / 4h	15m 21s	$726K	$9.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.070%Rate

Funding earned: $199.52
Price spread: +0.070% → 0.000%: $6.98
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $184.5
Costs to cover: 0.220%
Break-even: 0.5 days

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	1.19 bp	58.3 bp −$58	686.0 bp −$6,860	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	−0.0850%	1h	0.08397	long leg	$7K	$7K	10x
BloFin ZBT-USDT	+0.0089%	4h	0.08405	+0.094%	$118K	$20K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08389	−0.094%	$11K	$14K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08406	+0.103%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08400	+0.034%	$866K	$435K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08401	+0.046%	$553K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08403	+0.070%	$1.4M	$201K	100x	as long as short
KuCoin ZBTUSDTMshort	+0.0100%	4h	0.08403	+0.070%	$726K	$9.4M	50x
Bitget ZBTUSDT	+0.0100%	4h	0.08400	+0.034%	$6.0M	$136K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08404	+0.082%	—	$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	0.08395	−0.031%	$896	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08397	+0.003%	$4K	$112K	5x	as long as short
Gate ZBT_USDT	+0.0353%	8h	0.08404	+0.082%	$536K	$545K	50x	as long as short