Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0661%/8h= −72.4% APRpaid last 24h 0.000%

Price spread now: Binance against Gate−0.032%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1391.395% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)+0.217%+$22 · spread now −0.032%, 7d avg −0.052%

Together, before fees+0.201%+$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.020% dearer against Gate than usual: you sell high and buy low (spread −0.032% now, against its 7-day average of −0.052%): +$2 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.016% in total) that is about 8.9 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.016% in total (about -0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZBT_USDT	0.08611	0.0761	pay 0.0761% / 8h	7h 00m	$560K	$759K	50x
Short	Binance ZBTUSDT	0.08608	0.0100	get 0.0050% / 4h	3h 00m	$3.5M	$5.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.032%Rate

Funding earned: −$138.81
Price spread: −0.032% → −0.052%: $2.02
Slippage, 4 orders: −$114.47
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$276.25
Costs to cover: 1.395%
Break-even: never at this rate

Slippage from Gate: live order book, 31 min ago; Binance: live order book, 8 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 Gate live order book, 31 min ago	7.03 bp	51.0 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	2.32 bp	20.1 bp −$20	76.2 bp −$762	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	−0.0651%	1h	0.08603	−0.091%	$8K	$3K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08603	−0.094%	$9K	$47K	5x	as long as short
Binance ZBTUSDTshort	+0.0100%	4h	0.08608	−0.032%	$3.5M	$5.6M	50x
Bybit ZBTUSDT	+0.0100%	4h	0.08618	+0.081%	$964K	$1.1M	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08600	−0.128%	$630K	$2.3M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08607	−0.046%	$1.7M	$355K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08606	−0.058%	$659K	$9.4M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08605	−0.070%	$6.2M	$345K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08604	−0.081%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08609	−0.018%	$958	$12K	—	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	0.08606	−0.055%	$1K	$202K	5x	as long as short
BloFin ZBT-USDT	+0.0147%	4h	0.08628	+0.197%	$149K	$42K	50x	as long as short
Gate ZBT_USDTlong	+0.0761%	8h	0.08611	long leg	$560K	$759K	50x