Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0306%/8h= +33.5% APRpaid last 24h 0.000%

Price spread now: Gate against Binance−0.020%7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1231.231% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now −0.020%, 7d avg +0.053%

Together, before fees−0.011%−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.073% cheaper against Binance than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.053%). If the spread goes back, that is −$7 on $10k: about 19 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.016% in total) that is about 32 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.016% in total (about 0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZBTUSDT	0.08412	0.0100	pay 0.0050% / 4h	3h 28m	$3.2M	$2.6M	50x
Short	Gate ZBT_USDT	0.08410	0.0406	get 0.0406% / 8h	3h 28m	$537K	$527K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now −0.020%Rate

Funding earned: $64.26
Price spread: −0.020% → +0.053%: −$7.35
Slippage, 4 orders: −$98.08
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$66.17
Costs to cover: 1.231%
Break-even: 14.2 days

Slippage from Binance: live order book, 7 min ago; Gate: live order book, 23 min ago.

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 Binance live order book, 7 min ago	1.19 bp	18.5 bp −$19	68.9 bp −$689	doesn't fit	doesn't fit
Sell Gate live order book, 23 min ago	5.93 bp	41.8 bp −$42	doesn't fit	doesn't fit	doesn't fit

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	−0.094%	$7K	$7K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08413	+0.015%	$10K	$16K	5x	as long as short
Binance ZBTUSDTlong	+0.0100%	4h	0.08412	long leg	$3.2M	$2.6M	50x
Bybit ZBTUSDT	+0.0100%	4h	0.08411	−0.008%	$866K	$430K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08417	+0.063%	$559K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08412	+0.003%	$1.4M	$191K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08409	−0.032%	$732K	$9.3M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08411	−0.008%	$6.0M	$135K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08410	−0.020%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08418	+0.075%	$897	$453	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ZBT-USD	+0.0104%	1h	0.08411	−0.005%	$945	$118K	5x	as long as short
BloFin ZBT-USDT	+0.0136%	4h	0.08410	−0.020%	$150K	$20K	50x	as long as short
Gate ZBT_USDTshort	+0.0406%	8h	0.08410	−0.020%	$537K	$527K	50x