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 +0.017%

Price spread now: KuCoin against Gate−0.105%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$214as in the Funding arb table

Net, price: spread back to 7d avg − costs−$223as in the Price arb table

costs, in and out, $10k−$2162.156% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.105%, 7d avg −0.030%

Together, before fees+0.073%+$7 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: KuCoin is 0.075% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZBT_USDT	0.08555	0.0100	pay 0.0100% / 8h	2h 01m	$535K	$676K	50x
Short	KuCoin ZBTUSDTM	0.08546	0.0100	get 0.0050% / 4h	2h 01m	$676K	$9.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.105%Rate

Funding earned: $0
Price spread: −0.105% → −0.030%: −$7.48
Slippage, 4 orders: −$188.62
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$223.1
Costs to cover: 2.156%
Break-even: never at this rate

Slippage from Gate: live order book, 45 min ago; KuCoin: live order book, 7 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, 45 min ago	5.20 bp	68.7 bp −$69	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	1.17 bp	47.1 bp −$47	650.0 bp −$6,500	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	−0.0711%	1h	0.08549	−0.069%	$7K	$1K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08552	−0.030%	$10K	$42K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08550	−0.053%	$3.5M	$4.9M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08549	−0.070%	$916K	$936K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08541	−0.164%	$621K	$2.1M	10x	as long as short
Gate ZBT_USDTlong	+0.0100%	8h	0.08555	long leg	$535K	$676K	50x
MEXC ZBT_USDT	+0.0100%	4h	0.08551	−0.047%	$1.5M	$291K	100x	as long as short
KuCoin ZBTUSDTMshort	+0.0100%	4h	0.08546	−0.105%	$676K	$9.3M	50x
Bitget ZBTUSDT	+0.0100%	4h	0.08552	−0.035%	$6.2M	$297K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08546	−0.105%	—	$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	0.08542	−0.158%	$1K	$13K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08552	−0.040%	$1K	$193K	5x	as long as short
BloFin ZBT-USDT	+0.0156%	4h	0.08556	+0.012%	$154K	$30K	50x	as long as short