Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0677%/8h= +74.2% APRpaid last 24h +0.201%

Price spread now: OKX against Kraken Futures−0.256%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 OKX

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. OKX is 0.256% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.256% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 30 hours of funding at the current rate (+$20 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZBTUSD	0.08618	−0.0577	get 0.0072% / 1h	55m 08s	$8K	$3K	10x
Short	OKX ZBT-USDT-SWAP	0.08596	0.0100	get 0.0050% / 4h	2h 55m	$632K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.256%Rate

Funding earned: $142.21
Price spread: −0.256% → 0.000%: −$25.64
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $96.57
Costs to cover: 0.200%
Break-even: 2.2 days

Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	0.58 bp	26.0 bp −$26	310.3 bp −$3,103	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	−0.0577%	1h	0.08618	long leg	$8K	$3K	10x
BloFin ZBT-USDT	+0.0054%	4h	0.08620	+0.022%	$150K	$42K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08613	−0.064%	$9K	$47K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08614	−0.051%	$3.5M	$5.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08603	−0.175%	$966K	$1.1M	25x	as long as short
OKX ZBT-USDT-SWAPshort	+0.0100%	4h	0.08596	−0.256%	$632K	$2.3M	10x
MEXC ZBT_USDT	+0.0100%	4h	0.08602	−0.187%	$1.7M	$346K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08614	−0.048%	$666K	$9.4M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08607	−0.129%	$6.2M	$346K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08603	−0.175%	—	$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	0.08622	+0.049%	$961	$12K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08612	−0.065%	$1K	$199K	5x	as long as short
Gate ZBT_USDT	+0.0594%	8h	0.08618	−0.001%	$561K	$730K	50x	as long as short