Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0808%/8h= −88.5% APRpaid last 24h −0.204%

Price spread now: Kraken Futures against OKX−0.025%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Kraken Futures

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

Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Kraken Futures is 0.025% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZBT-USDT-SWAP	0.08365	0.0100	pay 0.0050% / 4h	3h 47m	$556K	$1.4M	10x
Short	Kraken Futures PF_ZBTUSD	0.08363	−0.0708	pay 0.0089% / 1h	47m 51s	$7K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Position, each leg$Hold fordaysFee OKXbpFee Kraken FuturesbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$169.72
Price spread: −0.025% → 0.000%: −$2.51
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$192.23
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 min ago; Kraken Futures: 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 OKX live order book, 4 min ago	0.60 bp	28.4 bp −$28	220.3 bp −$2,203	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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_ZBTUSDshort	−0.0708%	1h	0.08363	−0.025%	$7K	$6K	10x
Aster ZBTUSDT	+0.0100%	4h	0.08370	+0.055%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08371	+0.069%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08369	+0.048%	$868K	$438K	25x	as long as short
OKX ZBT-USDT-SWAPlong	+0.0100%	4h	0.08365	long leg	$556K	$1.4M	10x
Gate ZBT_USDT	+0.0100%	8h	0.08372	+0.084%	$544K	$552K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08371	+0.072%	$1.4M	$198K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08370	+0.060%	$738K	$9.8M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08369	+0.048%	$6.0M	$139K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08371	+0.072%	—	$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	0.08364	−0.015%	$894	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08368	+0.033%	$2K	$158K	5x	as long as short
BloFin ZBT-USDT	+0.0104%	4h	0.08373	+0.096%	$147K	$12K	50x	as long as short