Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1011%/8h= −110.7% APRpaid last 24h −0.214%

Price spread now: Kraken Futures against Bitget+0.035%7-day average — · you sell dearer than you buy

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

Long on Bitget 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—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.035% dearer against Bitget than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZBTUSDT	0.08326	0.0100	pay 0.0050% / 4h	1h 06m	$6.0M	$134K	10x
Short	Kraken Futures PF_ZBTUSD	0.08329	−0.0911	pay 0.0114% / 1h	6m 11s	$7K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$212.32
Price spread: +0.035% → 0.000%: $3.49
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$230.83
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 7 min ago; 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 Bitget live order book, 7 min ago	6.01 bp	22.7 bp −$23	107.1 bp −$1,071	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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	−0.0911%	1h	0.08329	+0.035%	$7K	$6K	10x
Aster ZBTUSDT	+0.0100%	4h	0.08327	+0.006%	$11K	$16K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08335	+0.108%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08330	+0.048%	$866K	$424K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08333	+0.084%	$580K	$1.3M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08331	+0.060%	$537K	$541K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08336	+0.120%	$1.4M	$205K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08332	+0.072%	$709K	$9.8M	50x	as long as short
Bitget ZBTUSDTlong	+0.0100%	4h	0.08326	long leg	$6.0M	$134K	10x
BingX ZBT-USDT	+0.0100%	4h	0.08331	+0.060%	—	$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	0.08322	−0.044%	$888	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08333	+0.088%	$2K	$159K	5x	as long as short
BloFin ZBT-USDT	+0.0147%	4h	0.08328	+0.024%	$148K	$12K	50x	as long as short