Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0752%/8h= +82.4% APRpaid last 24h +0.204%

Price spread now: Variational Omni against Kraken Futures+0.497%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 Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Variational Omni is 0.497% dearer against Kraken Futures than usual: you sell high and buy low: +$50 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	0.08587	−0.0652	get 0.0082% / 1h	41m 00s	$8K	$3K	10x
Short	Variational Omni ZBT	0.08630	0.0100	get 0.0050% / 4h	3h 41m	$1K	$13K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.497%Rate

Funding earned: $158
Price spread: +0.497% → 0.000%: $49.7
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $197.7
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Kraken Futures and Variational Omni: 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	−0.0652%	1h	0.08587	long leg	$8K	$3K	10x
KuCoin ZBTUSDTM	−0.0044%	4h	0.08584	−0.034%	$629K	$9.4M	50x	as long as short
OKX ZBT-USDT-SWAP	+0.0001%	4h	0.08555	−0.372%	$626K	$2.3M	10x	as long as short
BloFin ZBT-USDT	+0.0093%	4h	0.08607	+0.234%	$152K	$42K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08578	−0.109%	$9K	$48K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08570	−0.200%	$3.5M	$5.4M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08574	−0.150%	$942K	$1.1M	25x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08583	−0.045%	$561K	$735K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08573	−0.162%	$1.7M	$342K	100x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08576	−0.127%	$6.2M	$339K	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	0.08566	−0.243%	—	$1.3M	—	as long as short
Variational Omni ZBTshort	+0.0100%	4h	0.08630	+0.497%	$1K	$13K	—
Extended ZBT-USD	+0.0104%	1h	0.08575	−0.143%	$3K	$204K	5x	as long as short