Funding arb · Price arb /

ZBT

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Swap Backtest

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: Bitget against Extended+0.165%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1511.514% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.222%−$22 · spread now +0.165%, 7d avg +0.004%

Together, before fees−0.230%+ Points / potential airdropExtended: Active · farm board−$23 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 0.160% dearer against Extended than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ZBT-USD	0.08306	0.0104	pay 0.0013% / 1h	7m 43s	$2K	$159K	5x
Short	Bitget ZBTUSDT	0.08320	0.0100	get 0.0050% / 4h	2h 07m	$6.0M	$138K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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 ExtendedbpFee BitgetbpOrdersPrice spread, now +0.165%Rate

Funding earned: −$0.84
Price spread: +0.165% → +0.004%: $16.02
Slippage, 4 orders: −$134.41
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$136.23
Costs to cover: 1.514%
Break-even: never at this rate

Slippage from Extended: live order book, 13 min ago; Bitget: live order book, 10 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 Extended live order book, 13 min ago	2.34 bp	21.3 bp −$21	251.4 bp −$2,514	doesn't fit	doesn't fit
Sell Bitget live order book, 10 min ago	7.80 bp	40.3 bp −$40	116.5 bp −$1,165	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	−0.0885%	1h	0.08301	−0.067%	$7K	$6K	10x	as long as short
BloFin ZBT-USDT	+0.0048%	4h	0.08308	+0.020%	$146K	$12K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08314	+0.092%	$11K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08307	+0.012%	$3.1M	$2.5M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08311	+0.056%	$865K	$426K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08301	−0.064%	$583K	$1.3M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08312	+0.068%	$536K	$546K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08308	+0.020%	$1.4M	$208K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08307	+0.008%	$718K	$9.8M	50x	as long as short
Bitget ZBTUSDTshort	+0.0100%	4h	0.08320	+0.165%	$6.0M	$138K	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZBT-USDT	+0.0100%	4h	0.08306	−0.004%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08308	+0.024%	$888	$453	—	as long as short
Extended ZBT-USDlong	+0.0104%	1h	0.08306	long leg	$2K	$159K	5x