Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Bitget−0.012%7-day average +0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1501.500% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.012%, 7d avg +0.078%

Together, before fees+0.028%+$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: Gate is 0.090% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZBTUSDT	0.08382	0.0100	pay 0.0050% / 4h	1h 34m	$6.0M	$135K	10x
Short	Gate ZBT_USDT	0.08381	0.0100	get 0.0100% / 8h	5h 34m	$538K	$544K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.012%Rate

Funding earned: $0
Price spread: −0.012% → +0.078%: −$9.04
Slippage, 4 orders: −$122.99
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$159.03
Costs to cover: 1.500%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Gate: live order book, 27 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, 4 min ago	2.99 bp	33.2 bp −$33	108.8 bp −$1,088	doesn't fit	doesn't fit
Sell Gate live order book, 27 min ago	2.97 bp	39.8 bp −$40	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	−0.0534%	1h	0.08380	−0.022%	$7K	$7K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08387	+0.059%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08389	+0.082%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08387	+0.060%	$860K	$440K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08381	−0.012%	$554K	$1.4M	10x	as long as short
Gate ZBT_USDTshort	+0.0100%	8h	0.08381	−0.012%	$538K	$544K	50x
MEXC ZBT_USDT	+0.0100%	4h	0.08385	+0.036%	$1.4M	$199K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08383	+0.012%	$735K	$9.7M	50x	as long as short
Bitget ZBTUSDTlong	+0.0100%	4h	0.08382	long leg	$6.0M	$135K	10x
BingX ZBT-USDT	+0.0100%	4h	0.08388	+0.072%	—	$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	0.08382	−0.002%	$893	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08384	+0.021%	$895	$116K	5x	as long as short
BloFin ZBT-USDT	+0.0137%	4h	0.08401	+0.227%	$150K	$20K	50x	as long as short