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 +0.017%

Price spread now: KuCoin against Bitget+0.012%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

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

costs, in and out, $10k−$1501.500% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 7 days+0.137%+$14 · spread now +0.012%, 7d avg +0.089%

Together, before fees+0.169%+$17 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: KuCoin is 0.077% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZBTUSDT	0.08387	0.0100	pay 0.0050% / 4h	40m 16s	$6.0M	$130K	10x
Short	KuCoin ZBTUSDTM	0.08388	0.0100	get 0.0050% / 4h	40m 16s	$733K	$9.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → +0.089%: −$7.68
Slippage, 4 orders: −$125.97
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$157.65
Costs to cover: 1.500%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; KuCoin: live order book, 3 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	4.78 bp	33.5 bp −$34	106.2 bp −$1,062	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.19 bp	50.5 bp −$51	680.2 bp −$6,802	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	−0.0852%	1h	0.08383	−0.046%	$7K	$7K	10x	as long as short
BloFin ZBT-USDT	+0.0075%	4h	0.08396	+0.107%	$148K	$20K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08387	+0.004%	$10K	$14K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08387	+0.004%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08390	+0.036%	$865K	$435K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08384	−0.036%	$551K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08395	+0.095%	$1.4M	$199K	100x	as long as short
KuCoin ZBTUSDTMshort	+0.0100%	4h	0.08388	+0.012%	$733K	$9.5M	50x
Bitget ZBTUSDTlong	+0.0100%	4h	0.08387	long leg	$6.0M	$130K	10x
BingX ZBT-USDT	+0.0100%	4h	0.08385	−0.024%	—	$1.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZBT	+0.0100%	4h	0.08388	+0.011%	$895	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08385	−0.020%	$892	$114K	5x	as long as short
Gate ZBT_USDT	+0.0214%	8h	0.08392	+0.060%	$538K	$536K	50x	as long as short