Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0616%/8h= −67.5% APRpaid last 24h 0.000%

Price spread now: Aster against Gate+0.065%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.065% dearer against Gate than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZBT_USDT	0.08411	0.0716	pay 0.0716% / 8h	7h 07m	$546K	$564K	50x
Short	Aster ZBTUSDT	0.08416	0.0100	get 0.0050% / 4h	3h 07m	$10K	$15K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$129.36
Price spread: +0.065% → 0.000%: $6.51
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$145.85
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 64 min ago; Aster: no order-book sample. Net counts fees only.

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 Gate live order book, 64 min ago	5.97 bp	58.1 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0705%	1h	0.08405	−0.068%	$7K	$6K	10x	as long as short
Aster ZBTUSDTshort	+0.0100%	4h	0.08416	+0.065%	$10K	$15K	5x
Binance ZBTUSDT	+0.0100%	4h	0.08410	−0.012%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08414	+0.036%	$871K	$434K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08410	−0.012%	$555K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08411	0.000%	$1.4M	$200K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08410	−0.012%	$741K	$9.8M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08403	−0.095%	$6.0M	$139K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08410	−0.012%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08405	−0.070%	$897	$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	0.08409	−0.027%	$4K	$124K	5x	as long as short
BloFin ZBT-USDT	+0.0128%	4h	0.08415	+0.048%	$148K	$20K	50x	as long as short
Gate ZBT_USDTlong	+0.0716%	8h	0.08411	long leg	$546K	$564K	50x