Settings8H · net · $10k
Funding arb · Price arb /

ZBT

all ZBT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against OKX+0.065%7-day average −0.116% · you sell dearer than you buy
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1191.185% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.240%−$24 on $10k
Price spread, last 4 days (all we have)−0.297%−$30 · spread now +0.065%, 7d avg −0.116%
Together, before fees−0.536%+ Points / potential airdropExtended: Active · farm board−$54 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 0.180% dearer against OKX than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.116%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ZBT-USDT-SWAP0.087660.0100pay 0.0050% / 4h2h 57m$591K$1.9M10x
ShortExtended ZBT-USD0.087720.0104get 0.0013% / 1h57m 22s$3K$194K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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

Funding earned
$0.84
Price spread: +0.065% → −0.116%
$18.04
Slippage, 4 orders
−$103.54
Fee OKX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$99.66
Costs to cover
1.185%
Break-even
837.5 days
Slippage from OKX: live order book, 4 min ago; Extended: live order book, 53 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 4 min ago3.46 bp26.8 bp −$27267.2 bp −$2,672doesn't fitdoesn't fit
Sell Extended live order book, 53 min ago2.73 bp38.4 bp −$38297.3 bp −$2,973doesn't fitdoesn't fit

ZBT on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZBTUSD−0.0695%1h0.08743−0.258%$7K$1K10xas long as short
Aster ZBTUSDT+0.0100%4h0.08772+0.064%$11K$30K5xas long as short
Binance ZBTUSDT+0.0100%4h0.08774+0.088%$3.6M$3.9M50xas long as short
Bybit ZBTUSDT+0.0100%4h0.087660.000%$932K$765K25xas long as short
OKX ZBT-USDT-SWAPlong+0.0100%4h0.08766long leg$591K$1.9M10x
MEXC ZBT_USDT+0.0100%4h0.08773+0.080%$1.5M$230K100xas long as short
KuCoin ZBTUSDTM+0.0100%4h0.087660.000%$734K$9.4M50xas long as short
Bitget ZBTUSDT+0.0100%4h0.08778+0.137%$6.3M$228K10xas long as short
BingX ZBT-USDT+0.0100%4h0.08773+0.080%$1.3Mas long as short
Variational Omni ZBT+0.0100%4h0.08683−0.941%$933$458as long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended ZBT-USDshort+0.0104%1h0.08772+0.065%$3K$194K5x
BloFin ZBT-USDT+0.0149%4h0.08725−0.468%$158K$23K50xas long as short
Gate ZBT_USDT+0.0240%8h0.08773+0.080%$562K$610K50xas long as short