Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0842%/8h= +92.2% APRpaid last 24h +0.223%

Price spread now: Variational Omni against Kraken Futures−0.202%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.202% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.202% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 19 hours of funding at the current rate (+$25 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZBTUSD	0.08337	−0.0742	get 0.0093% / 1h	31m 00s	$7K	$6K	10x
Short	Variational Omni ZBT	0.08320	0.0100	get 0.0050% / 4h	3h 31m	$889	$453	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.202%Rate

Funding earned: $176.74
Price spread: −0.202% → 0.000%: −$20.25
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $146.49
Costs to cover: 0.100%
Break-even: 1.2 days

Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: no order-book sample. 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 Variational Omni no order-book sample	—	—	—	—	—

Kraken Futures and Variational Omni: 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	−0.0742%	1h	0.08337	long leg	$7K	$6K	10x
Aster ZBTUSDT	+0.0100%	4h	0.08336	−0.002%	$11K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08343	+0.076%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08339	+0.030%	$866K	$420K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08338	+0.018%	$594K	$1.3M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08344	+0.090%	$543K	$542K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08341	+0.054%	$1.4M	$209K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08346	+0.114%	$707K	$9.9M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08334	−0.030%	$6.0M	$128K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08340	+0.042%	—	$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 ZBTshort	+0.0100%	4h	0.08320	−0.202%	$889	$453	—
Extended ZBT-USD	+0.0104%	1h	0.08342	+0.064%	$2K	$159K	5x	as long as short
BloFin ZBT-USDT	+0.0106%	4h	0.08338	+0.018%	$148K	$5K	50x	as long as short