Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0607%/8h= −66.5% APRpaid last 24h 0.000%

Price spread now: Bitget against Gate−0.095%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1581.577% of the position

Long on Gate Short on Bitget

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)+0.080%+$8 · spread now −0.095%, 7d avg −0.079%

Together, before fees+0.064%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.079%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate.

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	0.08411	0.0707	pay 0.0707% / 8h	7h 07m	$546K	$564K	50x
Short	Bitget ZBTUSDT	0.08403	0.0100	get 0.0050% / 4h	3h 07m	$6.0M	$139K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.095%Rate

Funding earned: −$127.47
Price spread: −0.095% → −0.079%: −$1.6
Slippage, 4 orders: −$130.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$286.78
Costs to cover: 1.577%
Break-even: never at this rate

Slippage from Gate: live order book, 63 min ago; Bitget: live order book, 5 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, 63 min ago	5.97 bp	58.1 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	5.36 bp	17.0 bp −$17	97.9 bp −$979	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	−0.0705%	1h	0.08405	−0.068%	$7K	$6K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08417	+0.069%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08411	−0.003%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08415	+0.048%	$871K	$434K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08407	−0.048%	$554K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08409	−0.024%	$1.4M	$200K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08410	−0.012%	$737K	$9.8M	50x	as long as short
Bitget ZBTUSDTshort	+0.0100%	4h	0.08403	−0.095%	$6.0M	$139K	10x
BingX ZBT-USDT	+0.0100%	4h	0.08408	−0.036%	—	$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	0.08410	−0.017%	$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	+0.0707%	8h	0.08411	long leg	$546K	$564K	50x