Settings8H · net · $10k
Funding arb · Price arb /

ZBT

all ZBT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Bybit+0.351%7-day average −0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1531.529% of the position
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)−0.432%−$43 · spread now +0.351%, 7d avg −0.071%
Together, before fees−0.423%+ Points / potential airdropExtended: Active · farm board−$42 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 0.421% dearer against Bybit than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of −0.071%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZBTUSDT0.085100.0100pay 0.0050% / 4h2h 29m$913K$918K25x
ShortExtended ZBT-USD0.085400.0104get 0.0013% / 1h29m 40s$3K$189K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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

Funding earned
$0.84
Price spread: +0.351% → −0.071%
$42.14
Slippage, 4 orders
−$136.86
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$109.89
Costs to cover
1.529%
Break-even
922.7 days
Slippage from Bybit: live order book, 16 min ago; Extended: live order book, 16 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 16 min ago1.74 bp41.8 bp −$42758.0 bp −$7,580doesn't fitdoesn't fit
Sell Extended live order book, 16 min ago3.01 bp52.5 bp −$52doesn't fitdoesn't fitdoesn't fit

ZBT on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZBTUSD−0.0717%1h0.08479−0.368%$7K$1K10xas long as short
Aster ZBTUSDT+0.0100%4h0.08519+0.106%$10K$41K5xas long as short
Binance ZBTUSDT+0.0100%4h0.08515+0.061%$3.4M$4.7M50xas long as short
Bybit ZBTUSDTlong+0.0100%4h0.08510long leg$913K$918K25x
OKX ZBT-USDT-SWAP+0.0100%4h0.08503−0.082%$608K$2.0M10xas long as short
Gate ZBT_USDT+0.0100%8h0.08532+0.259%$532K$647K50xas long as short
MEXC ZBT_USDT+0.0100%4h0.08507−0.035%$1.5M$266K100xas long as short
KuCoin ZBTUSDTM+0.0100%4h0.08512+0.024%$671K$9.4M50xas long as short
Bitget ZBTUSDT+0.0100%4h0.08536+0.306%$6.2M$280K10xas long as short
BingX ZBT-USDT+0.0100%4h0.08524+0.165%$1.3Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ZBT+0.0100%4h0.08494−0.192%$7K$7Kas long as short
Extended ZBT-USDshort+0.0104%1h0.08540+0.351%$3K$189K5x
BloFin ZBT-USDT+0.0156%4h0.08496−0.165%$158K$25K50xas long as short