Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0259%/8h= −28.4% APRpaid last 24h +0.001%

Price spread now: Extended against Gate+0.007%7-day average −0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1701.698% of the position

Long on Gate Short on Extended

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)−0.057%−$6 · spread now +0.007%, 7d avg −0.082%

Together, before fees−0.064%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.089% dearer against Gate than usual: you sell high and buy low (spread +0.007% now, against its 7-day average of −0.082%): +$9 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 7 days (−0.008% in total) that is about 3 months.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.008% in total (about -0.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZBT_USDT	0.08415	0.0363	pay 0.0363% / 8h	6h 02m	$543K	$558K	50x
Short	Extended ZBT-USD	0.08416	0.0104	get 0.0013% / 1h	2m 13s	$2K	$119K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$54.39
Price spread: +0.007% → −0.082%: $8.86
Slippage, 4 orders: −$149.77
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$215.3
Costs to cover: 1.698%
Break-even: never at this rate

Slippage from Gate: live order book, 64 min ago; Extended: live order book, 63 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, 64 min ago	5.95 bp	48.1 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 63 min ago	2.32 bp	48.5 bp −$49	316.7 bp −$3,167	doesn't fit	doesn't fit

ZBT on 12 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	−0.0473%	1h	0.08412	−0.038%	$7K	$7K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08412	−0.036%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08416	+0.017%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08412	−0.036%	$863K	$439K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08410	−0.059%	$559K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08416	+0.012%	$1.4M	$202K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08412	−0.036%	$744K	$9.8M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08410	−0.059%	$6.1M	$140K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08413	−0.024%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08411	−0.047%	$897	$453	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ZBT-USDshort	+0.0104%	1h	0.08416	+0.007%	$2K	$119K	5x
Gate ZBT_USDTlong	+0.0363%	8h	0.08415	long leg	$543K	$558K	50x