Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.016%

Price spread now: Extended against KuCoin0.000%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1581.584% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 4 days (all we have)+0.124%+$12 · spread now 0.000%, 7d avg −0.050%

Together, before fees+0.100%+ Points / potential airdropExtended: Active · farm board+$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: Extended is 0.050% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZBTUSDTM	0.08382	0.0100	pay 0.0050% / 4h	42m 36s	$731K	$9.5M	50x
Short	Extended ZBT-USD	0.08382	0.0104	get 0.0013% / 1h	42m 36s	$887	$114K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0.84
Price spread: 0.000% → −0.050%: $4.99
Slippage, 4 orders: −$141.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$152.59
Costs to cover: 1.584%
Break-even: 1278.6 days

Slippage from KuCoin: live order book, 6 min ago; Extended: live order book, 13 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, 6 min ago	1.80 bp	54.8 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 13 min ago	3.88 bp	44.5 bp −$45	307.1 bp −$3,071	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	−0.0853%	1h	0.08370	−0.138%	$7K	$7K	10x	as long as short
BloFin ZBT-USDT	+0.0063%	4h	0.08380	−0.024%	$149K	$20K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08382	−0.005%	$10K	$14K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08386	+0.043%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08382	0.000%	$864K	$436K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08382	0.000%	$549K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08383	+0.012%	$1.4M	$198K	100x	as long as short
KuCoin ZBTUSDTMlong	+0.0100%	4h	0.08382	long leg	$731K	$9.5M	50x
Bitget ZBTUSDT	+0.0100%	4h	0.08375	−0.084%	$6.0M	$130K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08385	+0.036%	—	$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	0.08357	−0.299%	$892	$453	—	as long as short
Extended ZBT-USDshort	+0.0104%	1h	0.08382	0.000%	$887	$114K	5x
Gate ZBT_USDT	+0.0202%	8h	0.08384	+0.024%	$537K	$535K	50x	as long as short