Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Variational Omni+0.083%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.083% dearer against Variational Omni than usual: you sell high and buy low, +$8 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	Variational Omni ZBT	0.08389	0.0100	pay 0.0050% / 4h	1h 43m	$895	$453	—
Short	Bybit ZBTUSDT	0.08396	0.0100	get 0.0050% / 4h	1h 43m	$862K	$436K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now +0.083%Rate

Funding earned: $0
Price spread: +0.083% → 0.000%: $8.31
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$2.69
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 16 min ago. 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Bybit live order book, 16 min ago	2.38 bp	38.2 bp −$38	doesn't fit	doesn't fit	doesn't fit

Variational Omni: 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	−0.0533%	1h	0.08393	+0.043%	$7K	$7K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08397	+0.099%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08399	+0.114%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDTshort	+0.0100%	4h	0.08396	+0.083%	$862K	$436K	25x
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08395	+0.071%	$555K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08398	+0.107%	$1.4M	$199K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08398	+0.107%	$743K	$9.8M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08396	+0.083%	$6.0M	$135K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08398	+0.107%	—	$1.3M	—	as long as short
Variational Omni ZBTlong	+0.0100%	4h	0.08389	long leg	$895	$453	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ZBT-USD	+0.0104%	1h	0.08395	+0.073%	$895	$121K	5x	as long as short
Gate ZBT_USDT	+0.0121%	8h	0.08395	+0.071%	$540K	$539K	50x	as long as short
BloFin ZBT-USDT	+0.0128%	4h	0.08401	+0.143%	$149K	$20K	50x	as long as short