Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h 0.000%

Price spread now: OKX against Gate−0.191%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1341.341% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.232%+$23 on $10k

Price spread, last 4 days (all we have)+0.602%+$60 · spread now −0.191%, 7d avg +0.038%

Together, before fees+0.834%+$83 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and OKX is 0.229% cheaper against Gate than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.038%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.232%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZBT_USDT	0.08383	0.0284	pay 0.0284% / 8h	5h 06m	$537K	$549K	50x
Short	OKX ZBT-USDT-SWAP	0.08367	0.0100	get 0.0050% / 4h	1h 06m	$552K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.191%Rate

Funding earned: −$38.64
Price spread: −0.191% → +0.038%: −$22.87
Slippage, 4 orders: −$109.08
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$195.59
Costs to cover: 1.341%
Break-even: never at this rate

Slippage from Gate: live order book, 55 min ago; OKX: live order book, 5 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, 55 min ago	2.97 bp	44.7 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.60 bp	22.1 bp −$22	267.4 bp −$2,674	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	−0.0535%	1h	0.08368	−0.176%	$7K	$7K	10x	as long as short
BloFin ZBT-USDT	+0.0097%	4h	0.08380	−0.036%	$147K	$20K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08378	−0.058%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08374	−0.109%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08373	−0.119%	$858K	$427K	25x	as long as short
OKX ZBT-USDT-SWAPshort	+0.0100%	4h	0.08367	−0.191%	$552K	$1.4M	10x
MEXC ZBT_USDT	+0.0100%	4h	0.08376	−0.084%	$1.4M	$201K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08379	−0.048%	$733K	$9.6M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08385	+0.024%	$6.0M	$135K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08371	−0.143%	—	$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	0.08402	+0.231%	$897	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08372	−0.136%	$4K	$116K	5x	as long as short
Gate ZBT_USDTlong	+0.0284%	8h	0.08383	long leg	$537K	$549K	50x