Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Bitget−0.078%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$162as in the Price arb table

costs, in and out, $10k−$1541.545% of the position

Long on Bitget 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)+0.040%+$4 · spread now −0.078%, 7d avg −0.004%

Together, before fees+0.049%+ Points / potential airdropExtended: Active · farm board+$5 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 0.074% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZBTUSDT	0.08701	0.0100	pay 0.0050% / 4h	38m 05s	$6.3M	$325K	10x
Short	Extended ZBT-USD	0.08694	0.0104	get 0.0013% / 1h	38m 05s	$3K	$181K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now −0.078%Rate

Funding earned: $0.84
Price spread: −0.078% → −0.004%: −$7.4
Slippage, 4 orders: −$137.46
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$161.02
Costs to cover: 1.545%
Break-even: 1348.9 days

Slippage from Bitget: live order book, 5 min ago; Extended: live order book, 63 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 Bitget live order book, 5 min ago	3.45 bp	33.0 bp −$33	131.5 bp −$1,315	doesn't fit	doesn't fit
Sell Extended live order book, 63 min ago	2.77 bp	57.2 bp −$57	doesn't fit	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	−0.1236%	1h	0.08701	+0.004%	$8K	$3K	10x	as long as short
OKX ZBT-USDT-SWAP	−0.0021%	4h	0.08692	−0.103%	$626K	$2.2M	10x	as long as short
KuCoin ZBTUSDTM	+0.0004%	4h	0.08704	+0.034%	$648K	$9.4M	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08703	+0.025%	$11K	$45K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08697	−0.040%	$3.6M	$5.3M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08702	+0.011%	$961K	$1.0M	25x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08703	+0.023%	$563K	$715K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08699	−0.023%	$1.6M	$311K	100x	as long as short
Bitget ZBTUSDTlong	+0.0100%	4h	0.08701	long leg	$6.3M	$325K	10x
BingX ZBT-USDT	+0.0100%	4h	0.08696	−0.057%	—	$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	0.08716	+0.170%	$1K	$13K	—	as long as short
Extended ZBT-USDshort	+0.0104%	1h	0.08694	−0.078%	$3K	$181K	5x
BloFin ZBT-USDT	+0.0122%	4h	0.08708	+0.080%	$154K	$42K	50x	as long as short