Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0634%/8h= +69.4% APRpaid last 24h +0.191%

Price spread now: BingX against Kraken Futures+0.135%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 BingX

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 +$19 a day on $10k at the current rate, and BingX is 0.135% dearer against Kraken Futures than usual: you sell high and buy low: +$13 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	0.08386	−0.0534	get 0.0067% / 1h	26m 43s	$7K	$7K	10x
Short	BingX ZBT-USDT	0.08397	0.0100	get 0.0050% / 4h	1h 26m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.135%Rate

Funding earned: $133.06
Price spread: +0.135% → 0.000%: $13.47
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $126.54
Costs to cover: 0.200%
Break-even: 0.3 days

Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 4 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 BingX live order book, 4 min ago	2.97 bp	27.7 bp −$28	81.5 bp −$815	466.1 bp −$46.6K	1012.3 bp −$506.1K

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	−0.0534%	1h	0.08386	long leg	$7K	$7K	10x
BloFin ZBT-USDT	+0.0053%	4h	0.08391	+0.063%	$148K	$20K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08391	+0.058%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08399	+0.159%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08388	+0.027%	$860K	$438K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08389	+0.039%	$554K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08396	+0.123%	$1.4M	$200K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08389	+0.039%	$735K	$9.7M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08392	+0.075%	$6.0M	$135K	10x	as long as short
BingX ZBT-USDTshort	+0.0100%	4h	0.08397	+0.135%	—	$1.3M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZBT	+0.0100%	4h	0.08399	+0.162%	$896	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08387	+0.013%	$895	$116K	5x	as long as short
Gate ZBT_USDT	+0.0139%	8h	0.08392	+0.075%	$538K	$545K	50x	as long as short