Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0954%/8h= +104.4% APRpaid last 24h +0.187%

Price spread now: Variational Omni against Kraken Futures−0.046%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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 pays, the price is against you. Variational Omni is 0.046% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 4 hours of funding at the current rate (+$29 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZBTUSD	0.08361	−0.0854	get 0.0107% / 1h	46m 04s	$7K	$7K	10x
Short	Variational Omni ZBT	0.08357	0.0100	get 0.0050% / 4h	46m 04s	$892	$453	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.046%Rate

Funding earned: $200.3
Price spread: −0.046% → 0.000%: −$4.63
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $185.66
Costs to cover: 0.100%
Break-even: 0.5 days

Slippage unknown: Kraken Futures: no order-book sample; 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Kraken Futures and 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_ZBTUSDlong	−0.0854%	1h	0.08361	long leg	$7K	$7K	10x
Aster ZBTUSDT	+0.0100%	4h	0.08358	−0.029%	$10K	$14K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08363	+0.022%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08359	−0.022%	$862K	$436K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08357	−0.046%	$548K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08362	+0.014%	$1.4M	$198K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08358	−0.034%	$734K	$9.5M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08352	−0.106%	$6.0M	$130K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08360	−0.010%	—	$1.3M	—	as long as short
Variational Omni ZBTshort	+0.0100%	4h	0.08357	−0.046%	$892	$453	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ZBT-USD	+0.0104%	1h	0.08357	−0.048%	$4K	$111K	5x	as long as short
BloFin ZBT-USDT	+0.0138%	4h	0.08350	−0.129%	$148K	$20K	50x	as long as short
Gate ZBT_USDT	+0.0214%	8h	0.08360	−0.010%	$535K	$534K	50x	as long as short