Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bitget against Extended+0.027%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1281.281% of the position

Long on Extended Short on Bitget

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)−0.135%−$14 · spread now +0.027%, 7d avg +0.005%

Together, before fees−0.143%+ Points / potential airdropExtended: Active · farm board−$14 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: Bitget is 0.022% dearer against Extended than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ZBT-USD	0.08630	0.0104	pay 0.0013% / 1h	2m 25s	$1K	$202K	5x
Short	Bitget ZBTUSDT	0.08632	0.0100	get 0.0050% / 4h	3h 02m	$6.2M	$341K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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 ExtendedbpFee BitgetbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$0.84
Price spread: +0.027% → +0.005%: $2.21
Slippage, 4 orders: −$111.05
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$126.68
Costs to cover: 1.281%
Break-even: never at this rate

Slippage from Extended: live order book, 28 min ago; Bitget: live order book, 6 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 Extended live order book, 28 min ago	2.46 bp	24.4 bp −$24	286.4 bp −$2,864	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	4.64 bp	37.3 bp −$37	110.0 bp −$1,100	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	−0.0649%	1h	0.08635	+0.067%	$8K	$3K	10x	as long as short
BloFin ZBT-USDT	+0.0084%	4h	0.08629	−0.008%	$150K	$42K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08626	−0.047%	$9K	$47K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08628	−0.019%	$3.5M	$5.5M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08630	+0.004%	$958K	$1.1M	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08620	−0.112%	$628K	$2.3M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08628	−0.019%	$1.7M	$355K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08622	−0.089%	$659K	$9.4M	50x	as long as short
Bitget ZBTUSDTshort	+0.0100%	4h	0.08632	+0.027%	$6.2M	$341K	10x
BingX ZBT-USDT	+0.0100%	4h	0.08625	−0.054%	—	$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	0.08618	−0.140%	$960	$12K	—	as long as short
Extended ZBT-USDlong	+0.0104%	1h	0.08630	long leg	$1K	$202K	5x
Gate ZBT_USDT	+0.0835%	8h	0.08635	+0.062%	$563K	$757K	50x	as long as short