Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Gate−0.023%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$147as in the Funding arb table

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

costs, in and out, $10k−$1451.455% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.023%, 7d avg −0.052%

Together, before fees−0.009%−$1 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: Binance is 0.029% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZBT_USDT	0.08675	0.0100	pay 0.0100% / 8h	1h 31m	$549K	$680K	50x
Short	Binance ZBTUSDT	0.08673	0.0100	get 0.0050% / 4h	1h 31m	$3.6M	$5.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → −0.052%: $2.87
Slippage, 4 orders: −$120.46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$142.59
Costs to cover: 1.455%
Break-even: never at this rate

Slippage from Gate: live order book, 10 min ago; Binance: 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 Gate live order book, 10 min ago	5.77 bp	60.1 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.58 bp	18.6 bp −$19	73.6 bp −$736	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	−0.1264%	1h	0.08673	−0.022%	$7K	$1K	10x	as long as short
BloFin ZBT-USDT	+0.0090%	4h	0.08673	−0.023%	$155K	$42K	50x	as long as short
OKX ZBT-USDT-SWAP	+0.0098%	4h	0.08663	−0.138%	$630K	$2.2M	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08673	−0.026%	$10K	$42K	5x	as long as short
Binance ZBTUSDTshort	+0.0100%	4h	0.08673	−0.023%	$3.6M	$5.0M	50x
Bybit ZBTUSDT	+0.0100%	4h	0.08670	−0.058%	$933K	$960K	25x	as long as short
Gate ZBT_USDTlong	+0.0100%	8h	0.08675	long leg	$549K	$680K	50x
MEXC ZBT_USDT	+0.0100%	4h	0.08671	−0.046%	$1.6M	$294K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08666	−0.104%	$676K	$9.4M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08669	−0.069%	$6.2M	$309K	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	0.08670	−0.058%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08649	−0.300%	$1K	$13K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08673	−0.019%	$6K	$196K	5x	as long as short