Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.005%

Price spread now: KuCoin against Extended+0.079%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$693as in the Funding arb table

Net, price: spread back to 7d avg − costs−$691as in the Price arb table

costs, in and out, $10k−$6946.945% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.079%, 7d avg +0.047%

Together, before fees−0.115%+ Points / potential airdropExtended: Active · farm board−$11 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 0.032% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ZBT-USD	0.08592	0.0104	pay 0.0013% / 1h	46m 38s	$4K	$203K	5x
Short	KuCoin ZBTUSDTM	0.08599	0.0100	get 0.0050% / 4h	1h 46m	$687K	$9.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpOrdersPrice spread, now +0.079%Rate

Funding earned: −$0.84
Price spread: +0.079% → +0.047%: $3.23
Slippage, 4 orders: −$677.49
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$692.1
Costs to cover: 6.945%
Break-even: never at this rate

Slippage from Extended: live order book, 62 min ago; KuCoin: live order book, 5 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, 62 min ago	2.10 bp	34.6 bp −$35	308.3 bp −$3,083	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.75 bp	255.7 bp −$256	846.5 bp −$8,465	doesn't fit	doesn't fit

ZBT on 13 exchanges

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	−0.0391%	1h	0.08590	−0.028%	$8K	$3K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08590	−0.025%	$10K	$48K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08595	+0.033%	$3.5M	$5.5M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08599	+0.079%	$971K	$1.1M	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08582	−0.119%	$644K	$2.3M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08597	+0.056%	$554K	$729K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08595	+0.033%	$1.7M	$354K	100x	as long as short
KuCoin ZBTUSDTMshort	+0.0100%	4h	0.08599	+0.079%	$687K	$9.4M	50x
Bitget ZBTUSDT	+0.0100%	4h	0.08600	+0.091%	$6.2M	$358K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08594	+0.021%	—	$1.3M	—	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZBT	+0.0100%	4h	0.08589	−0.033%	$956	$12K	—	as long as short
Extended ZBT-USDlong	+0.0104%	1h	0.08592	long leg	$4K	$203K	5x
BloFin ZBT-USDT	+0.0110%	4h	0.08580	−0.142%	$150K	$41K	50x	as long as short