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 0.000%

Price spread now: Aster against MEXC−0.051%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.051% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZBT_USDT	0.08384	0.0100	pay 0.0050% / 4h	4m 10s	$1.4M	$201K	100x
Short	Aster ZBTUSDT	0.08380	0.0100	get 0.0050% / 4h	4m 10s	$10K	$16K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → 0.000%: −$5.09
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$17.09
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; Aster: 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 MEXC live order book, 2 min ago	1.79 bp	11.0 bp −$11	57.7 bp −$577	272.6 bp −$27.3K	854.9 bp −$427.5K
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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_ZBTUSD	−0.0602%	1h	0.08378	−0.074%	$7K	$6K	10x	as long as short
Aster ZBTUSDTshort	+0.0100%	4h	0.08380	−0.051%	$10K	$16K	5x
Binance ZBTUSDT	+0.0100%	4h	0.08384	0.000%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08378	−0.072%	$868K	$438K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08377	−0.083%	$564K	$1.4M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08376	−0.095%	$546K	$562K	50x	as long as short
MEXC ZBT_USDTlong	+0.0100%	4h	0.08384	long leg	$1.4M	$201K	100x
KuCoin ZBTUSDTM	+0.0100%	4h	0.08376	−0.095%	$735K	$9.8M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08376	−0.095%	$6.0M	$139K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08379	−0.060%	—	$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	0.08350	−0.407%	$892	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08380	−0.044%	$2K	$159K	5x	as long as short
BloFin ZBT-USDT	+0.0113%	4h	0.08369	−0.179%	$147K	$12K	50x	as long as short