Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0775%/8h= −84.9% APRpaid last 24h −0.201%

Price spread now: Kraken Futures against KuCoin−0.050%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Kraken Futures

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 against this trade now: funding costs −$23 a day on $10k at the current rate, and Kraken Futures is 0.050% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZBTUSDTM	0.08401	0.0100	pay 0.0050% / 4h	3h 22m	$726K	$9.3M	50x
Short	Kraken Futures PF_ZBTUSD	0.08397	−0.0675	pay 0.0084% / 1h	22m 10s	$7K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$162.8
Price spread: −0.050% → 0.000%: −$4.96
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$189.76
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 1 min ago; Kraken Futures: 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 KuCoin live order book, 1 min ago	0.60 bp	57.7 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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_ZBTUSDshort	−0.0675%	1h	0.08397	−0.050%	$7K	$7K	10x
Aster ZBTUSDT	+0.0100%	4h	0.08403	+0.029%	$9K	$16K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08400	−0.012%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08403	+0.024%	$865K	$430K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08402	+0.012%	$558K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08395	−0.071%	$1.4M	$192K	100x	as long as short
KuCoin ZBTUSDTMlong	+0.0100%	4h	0.08401	long leg	$726K	$9.3M	50x
Bitget ZBTUSDT	+0.0100%	4h	0.08398	−0.036%	$6.0M	$135K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08402	+0.012%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08402	+0.011%	$897	$453	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ZBT-USD	+0.0104%	1h	0.08398	−0.039%	$945	$118K	5x	as long as short
BloFin ZBT-USDT	+0.0109%	4h	0.08399	−0.024%	$149K	$20K	50x	as long as short
Gate ZBT_USDT	+0.0368%	8h	0.08406	+0.060%	$537K	$528K	50x	as long as short