Settings8H · net · $10k
Funding arb · Price arb /

ZBT

all ZBT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against OKX+0.045%7-day average −0.131% · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1201.202% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.240%−$24 on $10k
Price spread, last 4 days (all we have)−0.349%−$35 · spread now +0.045%, 7d avg −0.131%
Together, before fees−0.589%+ Points / potential airdropExtended: Active · farm board−$59 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 0.177% dearer against OKX than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.131%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ZBT-USDT-SWAP0.083360.0100pay 0.0050% / 4h3h 32m$594K$1.3M10x
ShortExtended ZBT-USD0.083400.0104get 0.0013% / 1h32m 12s$2K$159K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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

Funding earned
$0.84
Price spread: +0.045% → −0.131%
$17.65
Slippage, 4 orders
−$105.21
Fee OKX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$101.72
Costs to cover
1.202%
Break-even
854.7 days
Slippage from OKX: live order book, 5 min ago; Extended: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 5 min ago0.60 bp30.3 bp −$30252.5 bp −$2,525doesn't fitdoesn't fit
Sell Extended live order book, 14 min ago2.53 bp42.4 bp −$42doesn't fitdoesn't fitdoesn't fit

ZBT on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZBTUSD−0.0741%1h0.08341+0.064%$7K$6K10xas long as short
Aster ZBTUSDT+0.0100%4h0.08334−0.022%$11K$15K5xas long as short
Binance ZBTUSDT+0.0100%4h0.08341+0.056%$3.2M$2.6M50xas long as short
Bybit ZBTUSDT+0.0100%4h0.08338+0.024%$866K$420K25xas long as short
OKX ZBT-USDT-SWAPlong+0.0100%4h0.08336long leg$594K$1.3M10x
Gate ZBT_USDT+0.0100%8h0.08340+0.048%$542K$542K50xas long as short
MEXC ZBT_USDT+0.0100%4h0.08339+0.036%$1.4M$209K100xas long as short
KuCoin ZBTUSDTM+0.0100%4h0.08342+0.072%$703K$9.9M50xas long as short
Bitget ZBTUSDT+0.0100%4h0.083360.000%$6.0M$128K10xas long as short
BingX ZBT-USDT+0.0100%4h0.08339+0.036%$1.3Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ZBT+0.0100%4h0.08320−0.196%$889$453as long as short
Extended ZBT-USDshort+0.0104%1h0.08340+0.045%$2K$159K5x
BloFin ZBT-USDT+0.0117%4h0.08323−0.156%$148K$4K50xas long as short