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 +0.018%

Price spread now: KuCoin against Variational Omni−0.185%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 KuCoin

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: KuCoin is 0.185% cheaper against Variational Omni than usual: you would sell low and buy high, −$18 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	0.08448	0.0100	pay 0.0050% / 4h	2h 24m	$901	$453	—
Short	KuCoin ZBTUSDTM	0.08432	0.0100	get 0.0050% / 4h	2h 24m	$748K	$9.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.185%Rate

Funding earned: $0
Price spread: −0.185% → 0.000%: −$18.47
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$30.47
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; KuCoin: live order book, 9 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 KuCoin live order book, 9 min ago	1.19 bp	101.5 bp −$102	709.7 bp −$7,097	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 12 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	−0.0472%	1h	0.08425	−0.270%	$7K	$7K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08424	−0.277%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08425	−0.271%	$3.2M	$2.7M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08427	−0.244%	$864K	$454K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08426	−0.256%	$560K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08425	−0.268%	$1.4M	$201K	100x	as long as short
KuCoin ZBTUSDTMshort	+0.0100%	4h	0.08432	−0.185%	$748K	$9.8M	50x
Bitget ZBTUSDT	+0.0100%	4h	0.08423	−0.291%	$6.1M	$140K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08432	−0.185%	—	$1.3M	—	as long as short
Variational Omni ZBTlong	+0.0100%	4h	0.08448	long leg	$901	$453	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ZBT-USD	+0.0104%	1h	0.08423	−0.294%	$2K	$124K	5x	as long as short
Gate ZBT_USDT	+0.0769%	8h	0.08423	−0.291%	$544K	$553K	50x	as long as short