Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.016%

Price spread now: Extended against KuCoin+0.003%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1621.624% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.003%, 7d avg −0.050%

Together, before fees+0.024%+ Points / potential airdropExtended: Active · farm board+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.052% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZBTUSDTM	0.08416	0.0100	pay 0.0050% / 4h	3h 44m	$738K	$9.3M	50x
Short	Extended ZBT-USD	0.08416	0.0104	get 0.0013% / 1h	44m 24s	$3K	$116K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. 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 KuCoinbpFee ExtendedbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0.84
Price spread: +0.003% → −0.050%: $5.24
Slippage, 4 orders: −$145.37
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$156.29
Costs to cover: 1.624%
Break-even: 1309.4 days

Slippage from KuCoin: live order book, 4 min ago; Extended: live order book, 6 min ago.

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 KuCoin live order book, 4 min ago	1.19 bp	49.6 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 6 min ago	2.73 bp	38.4 bp −$38	297.3 bp −$2,973	doesn't fit	doesn't fit

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_ZBTUSD	−0.0674%	1h	0.08413	−0.037%	$7K	$7K	10x	as long as short
BloFin ZBT-USDT	+0.0085%	4h	0.08419	+0.036%	$151K	$21K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08412	−0.051%	$11K	$14K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08419	+0.036%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08410	−0.071%	$865K	$429K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08420	+0.048%	$558K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08418	+0.024%	$1.4M	$191K	100x	as long as short
KuCoin ZBTUSDTMlong	+0.0100%	4h	0.08416	long leg	$738K	$9.3M	50x
Bitget ZBTUSDT	+0.0100%	4h	0.08411	−0.059%	$6.0M	$134K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08420	+0.048%	—	$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	0.08412	−0.053%	$898	$453	—	as long as short
Extended ZBT-USDshort	+0.0104%	1h	0.08416	+0.003%	$3K	$116K	5x
Gate ZBT_USDT	+0.0452%	8h	0.08420	+0.048%	$537K	$523K	50x	as long as short