Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0949%/8h= −104.0% APRpaid last 24h −0.187%

Price spread now: Kraken Futures against Aster+0.165%7-day average — · you sell dearer than you buy

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

Long on Aster 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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Kraken Futures is 0.165% dearer against Aster than usual: you sell high and buy low (spread +0.165% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZBTUSDT	0.08390	0.0100	pay 0.0050% / 4h	16m 24s	$11K	$14K	5x
Short	Kraken Futures PF_ZBTUSD	0.08404	−0.0849	pay 0.0106% / 1h	16m 24s	$7K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.165%Rate

Funding earned: −$199.38
Price spread: +0.165% → 0.000%: $16.55
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$200.83
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; 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 Aster no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Aster and 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	−0.0849%	1h	0.08404	+0.165%	$7K	$7K	10x
BloFin ZBT-USDT	+0.0089%	4h	0.08405	+0.181%	$118K	$20K	50x	as long as short
Aster ZBTUSDTlong	+0.0100%	4h	0.08390	long leg	$11K	$14K	5x
Binance ZBTUSDT	+0.0100%	4h	0.08403	+0.157%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08400	+0.122%	$866K	$435K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08396	+0.074%	$554K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08403	+0.157%	$1.4M	$201K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08404	+0.169%	$726K	$9.4M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08400	+0.122%	$6.0M	$136K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08400	+0.122%	—	$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	0.08388	−0.016%	$896	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08401	+0.130%	$4K	$112K	5x	as long as short
Gate ZBT_USDT	+0.0344%	8h	0.08402	+0.145%	$536K	$545K	50x	as long as short