Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%

Price spread now: Bybit against KuCoin+0.094%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$176as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1731.728% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.094%, 7d avg +0.022%

Together, before fees−0.024%−$2 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: Bybit is 0.072% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZBTUSDTM	0.08507	0.0100	pay 0.0050% / 4h	2h 14m	$674K	$9.4M	50x
Short	Bybit ZBTUSDT	0.08515	0.0100	get 0.0050% / 4h	2h 14m	$913K	$934K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.094%Rate

Funding earned: $0
Price spread: +0.094% → +0.022%: $7.16
Slippage, 4 orders: −$149.77
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$165.6
Costs to cover: 1.728%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Bybit: live order book, 30 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, 3 min ago	1.18 bp	57.1 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 30 min ago	1.74 bp	33.6 bp −$34	426.8 bp −$4,268	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	−0.0716%	1h	0.08495	−0.140%	$7K	$1K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08516	+0.110%	$11K	$41K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08511	+0.043%	$3.4M	$4.8M	50x	as long as short
Bybit ZBTUSDTshort	+0.0100%	4h	0.08515	+0.094%	$913K	$934K	25x
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08498	−0.106%	$617K	$2.1M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08514	+0.082%	$530K	$668K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08512	+0.059%	$1.5M	$283K	100x	as long as short
KuCoin ZBTUSDTMlong	+0.0100%	4h	0.08507	long leg	$674K	$9.4M	50x
Bitget ZBTUSDT	+0.0100%	4h	0.08510	+0.035%	$6.2M	$288K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08507	0.000%	—	$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	0.08502	−0.058%	$1K	$13K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08510	+0.036%	$1K	$193K	5x	as long as short
BloFin ZBT-USDT	+0.0134%	4h	0.08495	−0.141%	$153K	$28K	50x	as long as short