Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0187%/8h= +20.5% APRpaid last 24h 0.000%

Price spread now: Gate against Bybit+0.060%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$163as in the Price arb table

costs, in and out, $10k−$1681.680% of the position

Long on Bybit 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)−0.223%−$22 · spread now +0.060%, 7d avg +0.006%

Together, before fees−0.207%−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Gate is 0.053% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.006%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.016% in total (about 0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZBTUSDT	0.08394	0.0100	pay 0.0050% / 4h	22m 04s	$865K	$437K	25x
Short	Gate ZBT_USDT	0.08399	0.0287	get 0.0287% / 8h	4h 22m	$536K	$544K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee BybitbpFee GatebpOrdersPrice spread, now +0.060%Rate

Funding earned: $39.27
Price spread: +0.060% → +0.006%: $5.34
Slippage, 4 orders: −$142.04
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$123.43
Costs to cover: 1.680%
Break-even: 29.0 days

Slippage from Bybit: live order book, 33 min ago; Gate: live order book, 34 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 Bybit live order book, 33 min ago	1.79 bp	36.8 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 34 min ago	2.98 bp	43.6 bp −$44	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	−0.0850%	1h	0.08400	+0.069%	$7K	$7K	10x	as long as short
BloFin ZBT-USDT	+0.0100%	4h	0.08393	−0.012%	$148K	$20K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08388	−0.067%	$11K	$14K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08398	+0.048%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDTlong	+0.0100%	4h	0.08394	long leg	$865K	$437K	25x
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08394	0.000%	$554K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08399	+0.060%	$1.4M	$201K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08399	+0.060%	$730K	$9.5M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08394	0.000%	$6.0M	$136K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08393	−0.012%	—	$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	0.08385	−0.102%	$895	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08395	+0.006%	$4K	$118K	5x	as long as short
Gate ZBT_USDTshort	+0.0287%	8h	0.08399	+0.060%	$536K	$544K	50x