Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0703%/8h= +77.0% APRpaid last 24h +0.212%

Price spread now: Binance against Kraken Futures+0.057%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Binance

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—needs both histories

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Binance is 0.057% dearer against Kraken Futures than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZBTUSD	0.08362	−0.0603	get 0.0075% / 1h	41m 13s	$7K	$6K	10x
Short	Binance ZBTUSDT	0.08367	0.0100	get 0.0050% / 4h	41m 13s	$3.2M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.057%Rate

Funding earned: $147.7
Price spread: +0.057% → 0.000%: $5.67
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $133.36
Costs to cover: 0.200%
Break-even: 0.7 days

Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 10 min ago. 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 Binance live order book, 10 min ago	1.19 bp	18.3 bp −$18	76.0 bp −$760	doesn't fit	doesn't fit

Kraken Futures: 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	−0.0603%	1h	0.08362	long leg	$7K	$6K	10x
BloFin ZBT-USDT	+0.0061%	4h	0.08365	+0.033%	$147K	$12K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08375	+0.148%	$10K	$16K	5x	as long as short
Binance ZBTUSDTshort	+0.0100%	4h	0.08367	+0.057%	$3.2M	$2.6M	50x
Bybit ZBTUSDT	+0.0100%	4h	0.08372	+0.116%	$872K	$434K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08356	−0.075%	$574K	$1.3M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08370	+0.092%	$538K	$540K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08368	+0.068%	$1.4M	$196K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08371	+0.104%	$714K	$9.8M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08373	+0.128%	$6.0M	$139K	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	0.08367	+0.056%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08385	+0.277%	$894	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08366	+0.050%	$2K	$159K	5x	as long as short