Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0949%/8h= +103.9% APRpaid last 24h +0.204%

Price spread now: KuCoin against Kraken Futures−0.047%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 KuCoin

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

Funding pays, the price is against you. KuCoin is 0.047% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 4 hours of funding at the current rate (+$28 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZBTUSD	0.08411	−0.0849	get 0.0106% / 1h	11m 45s	$7K	$7K	10x
Short	KuCoin ZBTUSDTM	0.08407	0.0100	get 0.0050% / 4h	11m 45s	$727K	$9.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.047%Rate

Funding earned: $199.23
Price spread: −0.047% → 0.000%: −$4.74
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $172.48
Costs to cover: 0.220%
Break-even: 0.9 days

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 7 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 KuCoin live order book, 7 min ago	1.19 bp	58.3 bp −$58	686.0 bp −$6,860	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	−0.0849%	1h	0.08411	long leg	$7K	$7K	10x
Aster ZBTUSDT	+0.0100%	4h	0.08397	−0.167%	$11K	$14K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08408	−0.034%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08409	−0.024%	$867K	$430K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08405	−0.071%	$554K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08409	−0.024%	$1.4M	$201K	100x	as long as short
KuCoin ZBTUSDTMshort	+0.0100%	4h	0.08407	−0.047%	$727K	$9.4M	50x
Bitget ZBTUSDT	+0.0100%	4h	0.08400	−0.131%	$6.0M	$136K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08407	−0.047%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08395	−0.196%	$896	$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	0.08406	−0.061%	$4K	$112K	5x	as long as short
BloFin ZBT-USDT	+0.0105%	4h	0.08417	+0.071%	$148K	$20K	50x	as long as short
Gate ZBT_USDT	+0.0409%	8h	0.08411	0.000%	$537K	$545K	50x	as long as short