Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: KuCoin against Binance+0.060%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1391.390% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 7 days+0.004%$0 · spread now +0.060%, 7d avg +0.033%

Together, before fees+0.037%+$4 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: KuCoin is 0.026% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZBTUSDT	0.08359	0.0100	pay 0.0050% / 4h	40m 12s	$3.2M	$2.6M	50x
Short	KuCoin ZBTUSDTM	0.08364	0.0100	get 0.0050% / 4h	40m 12s	$714K	$9.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → +0.033%: $2.63
Slippage, 4 orders: −$117
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$136.37
Costs to cover: 1.390%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; KuCoin: live order book, 3 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, 11 min ago	1.19 bp	22.4 bp −$22	94.0 bp −$940	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.19 bp	46.4 bp −$46	663.5 bp −$6,635	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	−0.0604%	1h	0.08352	−0.088%	$7K	$6K	10x	as long as short
BloFin ZBT-USDT	+0.0061%	4h	0.08365	+0.072%	$147K	$12K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08369	+0.117%	$10K	$16K	5x	as long as short
Binance ZBTUSDTlong	+0.0100%	4h	0.08359	long leg	$3.2M	$2.6M	50x
Bybit ZBTUSDT	+0.0100%	4h	0.08356	−0.036%	$870K	$434K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08341	−0.215%	$571K	$1.3M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08365	+0.072%	$540K	$542K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08359	0.000%	$1.4M	$196K	100x	as long as short
KuCoin ZBTUSDTMshort	+0.0100%	4h	0.08364	+0.060%	$714K	$9.8M	50x
Bitget ZBTUSDT	+0.0100%	4h	0.08356	−0.036%	$6.0M	$139K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZBT-USDT	+0.0100%	4h	0.08354	−0.060%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08367	+0.101%	$893	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08357	−0.018%	$2K	$159K	5x	as long as short