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 +0.001%

Price spread now: Extended against Aster−0.087%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · Extended: 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: Extended is 0.087% cheaper against Aster than usual: you would sell low and buy high, −$9 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	Aster ZBTUSDT	0.08415	0.0100	pay 0.0050% / 4h	3h 28m	$10K	$16K	5x
Short	Extended ZBT-USD	0.08408	0.0104	get 0.0013% / 1h	28m 53s	$945	$118K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Aster. 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 AsterbpFee ExtendedbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0.84
Price spread: −0.087% → 0.000%: −$8.69
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$20.85
Costs to cover: 0.130%
Break-even: 180.8 days

Slippage unknown: Aster: no order-book sample; Extended: live order book, 22 min ago. 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 Aster no order-book sample	—	—	—	—	—
Sell Extended live order book, 22 min ago	2.73 bp	38.4 bp −$38	297.3 bp −$2,973	doesn't fit	doesn't fit

Aster: 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	−0.0675%	1h	0.08405	−0.112%	$7K	$7K	10x	as long as short
Aster ZBTUSDTlong	+0.0100%	4h	0.08415	long leg	$10K	$16K	5x
Binance ZBTUSDT	+0.0100%	4h	0.08417	+0.027%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08418	+0.038%	$867K	$429K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08428	+0.156%	$559K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08415	+0.002%	$1.4M	$191K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08409	−0.069%	$729K	$9.3M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08414	−0.010%	$6.0M	$135K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08424	+0.109%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08418	+0.038%	$897	$453	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ZBT-USDshort	+0.0104%	1h	0.08408	−0.087%	$945	$118K	5x
BloFin ZBT-USDT	+0.0136%	4h	0.08410	−0.057%	$150K	$20K	50x	as long as short
Gate ZBT_USDT	+0.0401%	8h	0.08419	+0.049%	$537K	$526K	50x	as long as short