Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit+0.035%7-day average −0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1371.365% of the position

Long on Bybit Short on Bitget

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)−0.168%−$17 · spread now +0.035%, 7d avg −0.064%

Together, before fees−0.168%−$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: Bitget is 0.099% dearer against Bybit than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZBTUSDT	0.08602	0.0100	pay 0.0050% / 4h	2h 54m	$966K	$1.1M	25x
Short	Bitget ZBTUSDT	0.08605	0.0100	get 0.0050% / 4h	2h 54m	$6.2M	$346K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → −0.064%: $9.91
Slippage, 4 orders: −$113.54
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$126.63
Costs to cover: 1.365%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Bitget: 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 Bybit live order book, 1 min ago	5.23 bp	38.2 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	4.65 bp	22.7 bp −$23	106.5 bp −$1,065	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	−0.0577%	1h	0.08618	+0.187%	$8K	$3K	10x	as long as short
BloFin ZBT-USDT	+0.0054%	4h	0.08620	+0.209%	$150K	$42K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08604	+0.025%	$9K	$47K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08601	−0.011%	$3.5M	$5.6M	50x	as long as short
Bybit ZBTUSDTlong	+0.0100%	4h	0.08602	long leg	$966K	$1.1M	25x
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08586	−0.186%	$632K	$2.3M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08602	0.000%	$1.7M	$346K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08607	+0.058%	$666K	$9.4M	50x	as long as short
Bitget ZBTUSDTshort	+0.0100%	4h	0.08605	+0.035%	$6.2M	$346K	10x
BingX ZBT-USDT	+0.0100%	4h	0.08598	−0.047%	—	$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	0.08622	+0.236%	$961	$12K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08603	+0.016%	$1K	$199K	5x	as long as short
Gate ZBT_USDT	+0.0594%	8h	0.08612	+0.116%	$561K	$730K	50x	as long as short