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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: KuCoin against Bybit−0.107%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$225as in the Funding arb table

Net, price: spread back to 7d avg − costs−$236as in the Price arb table

costs, in and out, $10k−$2282.281% of the position

Long on Bybit 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 4 days (all we have)+0.025%+$2 · spread now −0.107%, 7d avg −0.025%

Together, before fees+0.057%+$6 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 0.083% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZBTUSDT	0.08375	0.0100	pay 0.0050% / 4h	2h 39m	$856K	$450K	25x
Short	KuCoin ZBTUSDTM	0.08366	0.0100	get 0.0050% / 4h	2h 39m	$735K	$9.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.107%Rate

Funding earned: $0
Price spread: −0.107% → −0.025%: −$8.28
Slippage, 4 orders: −$205.12
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$236.4
Costs to cover: 2.281%
Break-even: never at this rate

Slippage from Bybit: live order book, 26 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 Bybit live order book, 26 min ago	4.76 bp	43.8 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	1.79 bp	78.4 bp −$78	686.0 bp −$6,860	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	−0.0475%	1h	0.08377	+0.024%	$7K	$7K	10x	as long as short
BloFin ZBT-USDT	+0.0072%	4h	0.08374	−0.012%	$147K	$20K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08366	−0.107%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08381	+0.073%	$3.2M	$2.7M	50x	as long as short
Bybit ZBTUSDTlong	+0.0100%	4h	0.08375	long leg	$856K	$450K	25x
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08375	0.000%	$557K	$1.4M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08364	−0.131%	$540K	$548K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08375	0.000%	$1.4M	$199K	100x	as long as short
KuCoin ZBTUSDTMshort	+0.0100%	4h	0.08366	−0.107%	$735K	$9.8M	50x
Bitget ZBTUSDT	+0.0100%	4h	0.08374	−0.012%	$6.0M	$140K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZBT-USDT	+0.0100%	4h	0.08379	+0.048%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08360	−0.183%	$892	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08379	+0.050%	$4K	$122K	5x	as long as short