Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: Bitget against KuCoin+0.012%7-day average −0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$259as in the Funding arb table

Net, price: spread back to 7d avg − costs−$246as in the Price arb table

costs, in and out, $10k−$2562.562% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 7 days−0.072%−$7 · spread now +0.012%, 7d avg −0.090%

Together, before fees−0.105%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.102% dearer against KuCoin than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZBTUSDTM	0.08315	0.0100	pay 0.0050% / 4h	1h 33m	$717K	$9.8M	50x
Short	Bitget ZBTUSDT	0.08316	0.0100	get 0.0050% / 4h	1h 33m	$6.0M	$136K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → −0.090%: $10.23
Slippage, 4 orders: −$232.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$245.99
Costs to cover: 2.562%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Bitget: live order book, 5 min ago.

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 KuCoin live order book, 5 min ago	1.20 bp	146.1 bp −$146	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	7.20 bp	31.0 bp −$31	118.7 bp −$1,187	doesn't fit	doesn't fit

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_ZBTUSD	−0.0913%	1h	0.08307	−0.094%	$7K	$6K	10x	as long as short
BloFin ZBT-USDT	+0.0074%	4h	0.08311	−0.048%	$147K	$12K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08315	−0.004%	$11K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08312	−0.039%	$3.2M	$2.5M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08312	−0.036%	$866K	$423K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08310	−0.060%	$582K	$1.3M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08320	+0.060%	$536K	$535K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08315	0.000%	$1.4M	$203K	100x	as long as short
KuCoin ZBTUSDTMlong	+0.0100%	4h	0.08315	long leg	$717K	$9.8M	50x
Bitget ZBTUSDTshort	+0.0100%	4h	0.08316	+0.012%	$6.0M	$136K	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZBT-USDT	+0.0100%	4h	0.08314	−0.012%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08321	+0.067%	$888	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08310	−0.057%	$2K	$159K	5x	as long as short