Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Binance−0.051%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1301.299% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.051%, 7d avg −0.027%

Together, before fees+0.032%+ Points / potential airdropExtended: Active · farm board+$3 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 0.024% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZBTUSDT	0.08380	0.0100	pay 0.0050% / 4h	2h 44m	$3.2M	$2.6M	50x
Short	Extended ZBT-USD	0.08375	0.0104	get 0.0013% / 1h	44m 39s	$4K	$124K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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 BinancebpFee ExtendedbpOrdersPrice spread, now −0.051%Rate

Funding earned: $0.84
Price spread: −0.051% → −0.027%: −$2.43
Slippage, 4 orders: −$114.92
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$131.51
Costs to cover: 1.299%
Break-even: 1102.9 days

Slippage from Binance: live order book, 6 min ago; Extended: live order book, 21 min ago.

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 Binance live order book, 6 min ago	1.79 bp	19.9 bp −$20	88.0 bp −$880	doesn't fit	doesn't fit
Sell Extended live order book, 21 min ago	2.32 bp	48.5 bp −$49	316.7 bp −$3,167	doesn't fit	doesn't fit

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	−0.0475%	1h	0.08368	−0.135%	$7K	$6K	10x	as long as short
BloFin ZBT-USDT	+0.0072%	4h	0.08374	−0.066%	$147K	$20K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08377	−0.030%	$10K	$15K	5x	as long as short
Binance ZBTUSDTlong	+0.0100%	4h	0.08380	long leg	$3.2M	$2.6M	50x
Bybit ZBTUSDT	+0.0100%	4h	0.08378	−0.018%	$858K	$446K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08379	−0.006%	$557K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08379	−0.006%	$1.4M	$198K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08376	−0.042%	$737K	$9.8M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08373	−0.078%	$6.0M	$140K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08377	−0.030%	—	$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	−0.183%	$894	$453	—	as long as short
Extended ZBT-USDshort	+0.0104%	1h	0.08375	−0.051%	$4K	$124K	5x
Gate ZBT_USDT	+0.0127%	8h	0.08374	−0.066%	$542K	$545K	50x	as long as short