Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0039%/8h= −4.2% APRpaid last 24h −0.001%

Price spread now: OKX against Extended−0.148%7-day average +0.112% · you buy dearer than you sell

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$185as in the Price arb table

costs, in and out, $10k−$1591.593% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.240%+$24 on $10k

Price spread, last 4 days (all we have)+0.362%+$36 · spread now −0.148%, 7d avg +0.112%

Together, before fees+0.602%+ Points / potential airdropExtended: Active · farm board+$60 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.260% cheaper against Extended than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.112%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.240%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ZBT-USD	0.08673	0.0104	pay 0.0013% / 1h	17m 55s	$921	$172K	5x
Short	OKX ZBT-USDT-SWAP	0.08660	0.0065	get 0.0033% / 4h	1h 17m	$627K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.148%Rate

Funding earned: −$8.11
Price spread: −0.148% → +0.112%: −$26.02
Slippage, 4 orders: −$144.26
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$193.39
Costs to cover: 1.593%
Break-even: never at this rate

Slippage from Extended: live order book, 23 min ago; OKX: live order book, 4 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, 23 min ago	2.77 bp	35.7 bp −$36	319.7 bp −$3,197	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	3.46 bp	35.7 bp −$36	329.4 bp −$3,294	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	−0.1264%	1h	0.08674	+0.011%	$7K	$1K	10x	as long as short
OKX ZBT-USDT-SWAPshort	+0.0065%	4h	0.08660	−0.148%	$627K	$2.2M	10x
BloFin ZBT-USDT	+0.0095%	4h	0.08645	−0.321%	$155K	$42K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08670	−0.038%	$10K	$42K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08672	−0.005%	$3.6M	$5.1M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08668	−0.056%	$936K	$973K	25x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08670	−0.033%	$553K	$691K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08672	−0.010%	$1.6M	$305K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08660	−0.148%	$652K	$9.4M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08679	+0.071%	$6.3M	$313K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZBT-USDT	+0.0100%	4h	0.08667	−0.067%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08677	+0.048%	$1K	$13K	—	as long as short
Extended ZBT-USDlong	+0.0104%	1h	0.08673	long leg	$921	$172K	5x