Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against MEXC−0.041%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.041% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZBT_USDT	0.08428	0.0100	pay 0.0050% / 4h	3h 47m	$1.4M	$190K	100x
Short	Variational Omni ZBT	0.08425	0.0100	get 0.0050% / 4h	3h 47m	$899	$453	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 MEXCbpFee Variational OmnibpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → 0.000%: −$4.12
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.12
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; 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 MEXC live order book, 2 min ago	0.59 bp	9.3 bp −$9	67.2 bp −$672	263.9 bp −$26.4K	819.9 bp −$410.0K
Sell Variational Omni no order-book sample	—	—	—	—	—

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_ZBTUSD	−0.0673%	1h	0.08430	+0.029%	$7K	$7K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08418	−0.123%	$11K	$14K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08429	+0.012%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08421	−0.083%	$866K	$429K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08425	−0.036%	$559K	$1.4M	10x	as long as short
MEXC ZBT_USDTlong	+0.0100%	4h	0.08428	long leg	$1.4M	$190K	100x
KuCoin ZBTUSDTM	+0.0100%	4h	0.08423	−0.059%	$737K	$9.3M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08421	−0.083%	$6.1M	$134K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08428	0.000%	—	$1.3M	—	as long as short
Variational Omni ZBTshort	+0.0100%	4h	0.08425	−0.041%	$899	$453	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ZBT-USD	+0.0104%	1h	0.08427	−0.017%	$3K	$116K	5x	as long as short
BloFin ZBT-USDT	+0.0145%	4h	0.08423	−0.059%	$149K	$21K	50x	as long as short
Gate ZBT_USDT	+0.0474%	8h	0.08429	+0.012%	$538K	$522K	50x	as long as short