Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1367%/8h= +149.7% APRpaid last 24h +0.187%

Price spread now: Aster against Kraken Futures−0.023%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Aster is 0.023% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 1 hour of funding at the current rate (+$41 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZBTUSD	0.08655	−0.1267	get 0.0158% / 1h	13m 03s	$7K	$1K	10x
Short	Aster ZBTUSDT	0.08653	0.0100	get 0.0050% / 4h	1h 13m	$10K	$42K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.023%Rate

Funding earned: $287.02
Price spread: −0.023% → 0.000%: −$2.33
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $266.69
Costs to cover: 0.180%
Break-even: 0.5 days

Slippage unknown: Kraken Futures: no order-book sample; 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Kraken Futures and 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_ZBTUSDlong	−0.1267%	1h	0.08655	long leg	$7K	$1K	10x
OKX ZBT-USDT-SWAP	+0.0043%	4h	0.08637	−0.205%	$627K	$2.2M	10x	as long as short
BloFin ZBT-USDT	+0.0074%	4h	0.08657	+0.026%	$155K	$42K	50x	as long as short
Aster ZBTUSDTshort	+0.0100%	4h	0.08653	−0.023%	$10K	$42K	5x
Binance ZBTUSDT	+0.0100%	4h	0.08655	+0.006%	$3.6M	$5.1M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08654	−0.009%	$937K	$974K	25x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08658	+0.038%	$555K	$694K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08659	+0.049%	$1.6M	$306K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08650	−0.055%	$648K	$9.5M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08658	+0.038%	$6.2M	$319K	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	0.08649	−0.066%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08657	+0.026%	$1K	$13K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08653	−0.023%	$921	$172K	5x	as long as short