Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0704%/8h= +77.1% APRpaid last 24h +0.230%

Price spread now: KuCoin against Kraken Futures+0.051%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on KuCoin

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 for this trade now. Funding pays +$21 a day on $10k at the current rate, and KuCoin is 0.051% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZBTUSD	0.08357	−0.0604	get 0.0075% / 1h	12m 31s	$7K	$6K	10x
Short	KuCoin ZBTUSDTM	0.08361	0.0100	get 0.0050% / 4h	12m 31s	$714K	$9.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Kraken Futures. 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 Kraken FuturesbpFee KuCoinbpOrdersPrice spread, now +0.051%Rate

Funding earned: $147.78
Price spread: +0.051% → 0.000%: $5.08
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $130.86
Costs to cover: 0.220%
Break-even: 0.8 days

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 6 min ago. 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 6 min ago	1.20 bp	60.8 bp −$61	657.0 bp −$6,570	doesn't fit	doesn't fit

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_ZBTUSDlong	−0.0604%	1h	0.08357	long leg	$7K	$6K	10x
Aster ZBTUSDT	+0.0100%	4h	0.08363	+0.073%	$10K	$16K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08362	+0.060%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08359	+0.027%	$865K	$436K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08360	+0.039%	$566K	$1.4M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08362	+0.063%	$546K	$558K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08363	+0.075%	$1.4M	$200K	100x	as long as short
KuCoin ZBTUSDTMshort	+0.0100%	4h	0.08361	+0.051%	$714K	$9.8M	50x
Bitget ZBTUSDT	+0.0100%	4h	0.08359	+0.027%	$6.0M	$139K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08360	+0.039%	—	$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	0.08369	+0.150%	$891	$453	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08361	+0.054%	$2K	$159K	5x	as long as short
BloFin ZBT-USDT	+0.0144%	4h	0.08361	+0.051%	$147K	$12K	50x	as long as short