Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: KuCoin against Bitget−0.119%7-day average +0.090% · 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−$172as in the Price arb table

costs, in and out, $10k−$1511.513% of the position

Long on Bitget 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+0.246%+$25 · spread now −0.119%, 7d avg +0.090%

Together, before fees+0.278%+$28 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 0.209% cheaper against Bitget than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZBTUSDT	0.08411	0.0100	pay 0.0050% / 4h	3h 19m	$6.0M	$135K	10x
Short	KuCoin ZBTUSDTM	0.08401	0.0100	get 0.0050% / 4h	3h 19m	$726K	$9.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.119%Rate

Funding earned: $0
Price spread: −0.119% → +0.090%: −$20.89
Slippage, 4 orders: −$127.35
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$172.24
Costs to cover: 1.513%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 4 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	2.38 bp	28.9 bp −$29	106.3 bp −$1,063	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	0.60 bp	40.2 bp −$40	683.1 bp −$6,831	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	−0.0674%	1h	0.08412	+0.006%	$7K	$7K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08408	−0.032%	$9K	$16K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08400	−0.131%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08405	−0.071%	$865K	$430K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08413	+0.024%	$559K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08404	−0.083%	$1.4M	$192K	100x	as long as short
KuCoin ZBTUSDTMshort	+0.0100%	4h	0.08401	−0.119%	$726K	$9.3M	50x
Bitget ZBTUSDTlong	+0.0100%	4h	0.08411	long leg	$6.0M	$135K	10x
BingX ZBT-USDT	+0.0100%	4h	0.08412	+0.012%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08411	−0.006%	$897	$453	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ZBT-USD	+0.0104%	1h	0.08412	+0.009%	$945	$114K	5x	as long as short
BloFin ZBT-USDT	+0.0130%	4h	0.08407	−0.048%	$149K	$20K	50x	as long as short
Gate ZBT_USDT	+0.0364%	8h	0.08409	−0.024%	$537K	$529K	50x	as long as short