Funding arb · Price arb /

ZBT

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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: Variational Omni against Extended+0.506%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · Variational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.506% dearer against Extended than usual: you sell high and buy low, +$51 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ZBT-USD	0.08507	0.0104	pay 0.0013% / 1h	34m 00s	$3K	$189K	5x
Short	Variational Omni ZBT	0.08550	0.0100	get 0.0050% / 4h	2h 34m	$7K	$7K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.506%Rate

Funding earned: −$0.84
Price spread: +0.506% → 0.000%: $50.57
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $44.73
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: live order book, 12 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 12 min ago	3.01 bp	25.0 bp −$25	297.4 bp −$2,974	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0714%	1h	0.08521	+0.170%	$7K	$1K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08528	+0.255%	$10K	$38K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08508	+0.021%	$3.4M	$4.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08510	+0.039%	$917K	$868K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08500	−0.078%	$607K	$2.0M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08530	+0.274%	$535K	$640K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08516	+0.110%	$1.5M	$258K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08523	+0.192%	$670K	$9.4M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08509	+0.028%	$6.1M	$264K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08512	+0.063%	—	$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 ZBTshort	+0.0100%	4h	0.08550	+0.506%	$7K	$7K	—
Extended ZBT-USDlong	+0.0104%	1h	0.08507	long leg	$3K	$189K	5x
BloFin ZBT-USDT	+0.0125%	4h	0.08560	+0.627%	$160K	$25K	50x	as long as short