Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1340%/8h= −146.8% APRpaid last 24h −0.196%

Price spread now: Kraken Futures against Gate−0.040%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Kraken Futures

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—needs both histories

Both sides work against this trade now: funding costs −$40 a day on $10k at the current rate, and Kraken Futures is 0.040% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

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	12m 00s	$567K	$732K	50x
Short	Kraken Futures PF_ZBTUSD	0.08671	−0.1240	pay 0.0155% / 1h	12m 00s	$8K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$281.49
Price spread: −0.040% → 0.000%: −$4.05
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$310.54
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 24 min ago; Kraken Futures: 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 Gate live order book, 24 min ago	4.61 bp	54.7 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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_ZBTUSDshort	−0.1240%	1h	0.08671	−0.040%	$8K	$3K	10x
KuCoin ZBTUSDTM	−0.0026%	4h	0.08669	−0.069%	$633K	$9.4M	50x	as long as short
OKX ZBT-USDT-SWAP	+0.0023%	4h	0.08663	−0.138%	$630K	$2.3M	10x	as long as short
BloFin ZBT-USDT	+0.0090%	4h	0.08645	−0.346%	$152K	$42K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08674	−0.016%	$10K	$47K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08670	−0.060%	$3.6M	$5.3M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08667	−0.092%	$944K	$1.1M	25x	as long as short
Gate ZBT_USDTlong	+0.0100%	8h	0.08675	long leg	$567K	$732K	50x
MEXC ZBT_USDT	+0.0100%	4h	0.08669	−0.069%	$1.7M	$329K	100x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08671	−0.046%	$6.2M	$335K	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	0.08667	−0.092%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08654	−0.240%	$1K	$13K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08667	−0.097%	$3K	$199K	5x	as long as short