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

ZBT

all ZBT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against BingX+0.049%7-day average −0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1361.363% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.225%−$23 on $10k
Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.049%, 7d avg −0.070%
Together, before fees−0.266%+ Points / potential airdropExtended: Active · farm board−$27 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 0.119% dearer against BingX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.070%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZBT-USDT0.082970.0100pay 0.0050% / 4h2h 00m$1.3M
ShortExtended ZBT-USD0.083010.0104get 0.0013% / 1h0m 51s$2K$159K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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: +0.049% → −0.070%
$11.89
Slippage, 4 orders
−$121.28
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$123.55
Costs to cover
1.363%
Break-even
1036.6 days
Slippage from BingX: live order book, 15 min ago; Extended: live order book, 20 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 BingX live order book, 15 min ago6.61 bp23.4 bp −$2381.3 bp −$813564.6 bp −$56.5Kdoesn't fit
Sell Extended live order book, 20 min ago2.34 bp64.5 bp −$64doesn't fitdoesn'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−0.0886%1h0.08294−0.031%$7K$6K10xas long as short
BloFin ZBT-USDT+0.0077%4h0.08295−0.024%$146K$12K50xas long as short
Aster ZBTUSDT+0.0100%4h0.08305+0.099%$11K$15K5xas long as short
Binance ZBTUSDT+0.0100%4h0.08302+0.060%$3.1M$2.5M50xas long as short
Bybit ZBTUSDT+0.0100%4h0.08300+0.036%$863K$425K25xas long as short
OKX ZBT-USDT-SWAP+0.0100%4h0.08303+0.072%$583K$1.3M10xas long as short
Gate ZBT_USDT+0.0100%8h0.08303+0.072%$535K$546K50xas long as short
MEXC ZBT_USDT+0.0100%4h0.08300+0.036%$1.4M$209K100xas long as short
KuCoin ZBTUSDTM+0.0100%4h0.08301+0.048%$714K$9.8M50xas long as short
Bitget ZBTUSDT+0.0100%4h0.08299+0.024%$6.0M$138K10xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ZBT-USDTlong+0.0100%4h0.08297long leg$1.3M
Variational Omni ZBT+0.0100%4h0.08301+0.050%$888$453as long as short
Extended ZBT-USDshort+0.0104%1h0.08301+0.049%$2K$159K5x