Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

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: OKX against Extended−0.146%7-day average +0.116% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1161.163% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.240%+$24 on $10k

Price spread, last 4 days (all we have)+0.378%+$38 · spread now −0.146%, 7d avg +0.116%

Together, before fees+0.618%+ Points / potential airdropExtended: Active · farm board+$62 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: OKX is 0.262% cheaper against Extended than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of +0.116%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ZBT-USD	0.08674	0.0104	pay 0.0013% / 1h	50m 05s	$3K	$194K	5x
Short	OKX ZBT-USDT-SWAP	0.08661	0.0100	get 0.0050% / 4h	2h 50m	$595K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.146%Rate

Funding earned: −$0.84
Price spread: −0.146% → +0.116%: −$26.2
Slippage, 4 orders: −$101.34
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$143.38
Costs to cover: 1.163%
Break-even: never at this rate

Slippage from Extended: live order book, 60 min ago; OKX: live order book, 2 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, 60 min ago	2.73 bp	24.5 bp −$24	250.3 bp −$2,503	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.58 bp	26.4 bp −$26	259.0 bp −$2,590	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	−0.0701%	1h	0.08671	−0.035%	$7K	$1K	10x	as long as short
BloFin ZBT-USDT	+0.0061%	4h	0.08682	+0.096%	$161K	$23K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08678	+0.049%	$13K	$35K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08667	−0.077%	$3.6M	$4.1M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08668	−0.066%	$932K	$785K	25x	as long as short
OKX ZBT-USDT-SWAPshort	+0.0100%	4h	0.08661	−0.146%	$595K	$1.9M	10x
MEXC ZBT_USDT	+0.0100%	4h	0.08663	−0.123%	$1.5M	$243K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08665	−0.100%	$697K	$9.4M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08657	−0.192%	$6.2M	$237K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08665	−0.100%	—	$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	0.08679	+0.067%	$7K	$6K	—	as long as short
Extended ZBT-USDlong	+0.0104%	1h	0.08674	long leg	$3K	$194K	5x
Gate ZBT_USDT	+0.0181%	8h	0.08669	−0.054%	$551K	$618K	50x	as long as short