Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0953%/8h= +104.4% APRpaid last 24h +0.187%

Price spread now: MEXC against Kraken Futures−0.025%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on MEXC

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

Funding pays, the price is against you. MEXC is 0.025% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$29 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZBTUSD	0.08364	−0.0853	get 0.0107% / 1h	36m 41s	$7K	$7K	10x
Short	MEXC ZBT_USDT	0.08362	0.0100	get 0.0050% / 4h	36m 41s	$1.4M	$199K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.025%Rate

Funding earned: $200.22
Price spread: −0.025% → 0.000%: −$2.52
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: $183.7
Costs to cover: 0.140%
Break-even: 0.6 days

Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 5 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 MEXC live order book, 5 min ago	0.60 bp	10.8 bp −$11	75.4 bp −$754	239.5 bp −$24.0K	790.3 bp −$395.1K

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	−0.0853%	1h	0.08364	long leg	$7K	$7K	10x
Aster ZBTUSDT	+0.0100%	4h	0.08361	−0.034%	$10K	$14K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08364	−0.001%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08360	−0.049%	$861K	$437K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08355	−0.109%	$549K	$1.4M	10x	as long as short
MEXC ZBT_USDTshort	+0.0100%	4h	0.08362	−0.025%	$1.4M	$199K	100x
KuCoin ZBTUSDTM	+0.0100%	4h	0.08367	+0.035%	$735K	$9.5M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08359	−0.061%	$6.0M	$131K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08365	+0.011%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08388	+0.285%	$895	$453	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ZBT-USD	+0.0104%	1h	0.08362	−0.024%	$892	$114K	5x	as long as short
BloFin ZBT-USDT	+0.0144%	4h	0.08358	−0.073%	$147K	$20K	50x	as long as short
Gate ZBT_USDT	+0.0200%	8h	0.08367	+0.035%	$534K	$539K	50x	as long as short