Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Variational Omni−0.145%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Extended

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—+ Points / potential airdropVariational Omni: Active · Extended: 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: Extended is 0.145% cheaper against Variational Omni than usual: you would sell low and buy high, −$15 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	0.08415	0.0100	pay 0.0050% / 4h	3h 31m	$897	$453	—
Short	Extended ZBT-USD	0.08402	0.0104	get 0.0013% / 1h	31m 59s	$945	$118K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.145%Rate

Funding earned: $0.84
Price spread: −0.145% → 0.000%: −$14.54
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$18.7
Costs to cover: 0.050%
Break-even: 162.8 days

Slippage unknown: Variational Omni: no order-book sample; Extended: live order book, 18 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 Extended live order book, 18 min ago	2.73 bp	38.4 bp −$38	297.3 bp −$2,973	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	−0.0675%	1h	0.08404	−0.123%	$7K	$7K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08407	−0.086%	$11K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08407	−0.089%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08404	−0.125%	$866K	$429K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08415	+0.006%	$559K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08407	−0.089%	$1.4M	$191K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08403	−0.137%	$732K	$9.3M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08402	−0.149%	$6.0M	$135K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08412	−0.030%	—	$1.3M	—	as long as short
Variational Omni ZBTlong	+0.0100%	4h	0.08415	long leg	$897	$453	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ZBT-USDshort	+0.0104%	1h	0.08402	−0.145%	$945	$118K	5x
BloFin ZBT-USDT	+0.0123%	4h	0.08404	−0.125%	$150K	$20K	50x	as long as short
Gate ZBT_USDT	+0.0400%	8h	0.08410	−0.054%	$537K	$525K	50x	as long as short