Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1015%/8h= +111.1% APRpaid last 24h +0.214%

Price spread now: Gate against Kraken Futures+0.098%51s7-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 Gate

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 +$30 a day on $10k at the current rate, and Gate is 0.098% dearer against Kraken Futures than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZBTUSD	0.08296	−0.0915	get 0.0114% / 1h	46m 29s	$7K	$6K	10x
Short	Gate ZBT_USDT	0.08304	0.0100	get 0.0100% / 8h	1h 46m	$535K	$532K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.098%Rate

Funding earned: $213.08
Price spread: +0.098% → 0.000%: $9.75
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $197.83
Costs to cover: 0.250%
Break-even: 0.5 days

Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 35 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 Gate live order book, 35 min ago	6.00 bp	40.6 bp −$41	doesn't fit	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	−0.0915%	1h	0.08296	long leg	$7K	$6K	10x
Aster ZBTUSDT	+0.0100%	4h	0.08302	+0.076%	$11K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08304	+0.103%	$3.1M	$2.5M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08306	+0.122%	$864K	$422K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08299	+0.037%	$582K	$1.3M	10x	as long as short
Gate ZBT_USDTshort	+0.0100%	8h	0.08304	+0.098%	$535K	$532K	50x
MEXC ZBT_USDT	+0.0100%	4h	0.08303	+0.085%	$1.4M	$201K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08304	+0.098%	$712K	$9.8M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08302	+0.073%	$6.0M	$136K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08303	+0.085%	—	$1.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZBT	+0.0100%	4h	0.08307	+0.137%	$887	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08301	+0.065%	$2K	$159K	5x	as long as short
BloFin ZBT-USDT	+0.0156%	4h	0.08301	+0.061%	$145K	$12K	50x	as long as short