Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Bitget−0.047%7-day average +0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1461.460% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.124%+$12 · spread now −0.047%, 7d avg +0.071%

Together, before fees+0.124%+$12 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: Bybit is 0.119% cheaper against Bitget than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZBTUSDT	0.08423	0.0100	pay 0.0050% / 4h	3h 50m	$6.1M	$137K	10x
Short	Bybit ZBTUSDT	0.08419	0.0100	get 0.0050% / 4h	3h 50m	$866K	$431K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → +0.071%: −$11.89
Slippage, 4 orders: −$123.01
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$157.9
Costs to cover: 1.460%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Bybit: live order book, 65 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 Bitget live order book, 3 min ago	3.56 bp	26.8 bp −$27	107.6 bp −$1,076	doesn't fit	doesn't fit
Sell Bybit live order book, 65 min ago	1.79 bp	40.5 bp −$40	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	−0.0674%	1h	0.08418	−0.058%	$7K	$7K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08424	+0.016%	$11K	$14K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08418	−0.054%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDTshort	+0.0100%	4h	0.08419	−0.047%	$866K	$431K	25x
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08422	−0.012%	$557K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08419	−0.047%	$1.4M	$190K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08420	−0.036%	$736K	$9.3M	50x	as long as short
Bitget ZBTUSDTlong	+0.0100%	4h	0.08423	long leg	$6.1M	$137K	10x
BingX ZBT-USDT	+0.0100%	4h	0.08422	−0.012%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08425	+0.018%	$899	$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	0.08416	−0.078%	$3K	$118K	5x	as long as short
BloFin ZBT-USDT	+0.0146%	4h	0.08428	+0.059%	$149K	$21K	50x	as long as short
Gate ZBT_USDT	+0.0483%	8h	0.08422	−0.012%	$537K	$521K	50x	as long as short