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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%

Price spread now: Bybit against KuCoin0.000%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$203as in the Funding arb table

Net, price: spread back to 7d avg − costs−$202as in the Price arb table

costs, in and out, $10k−$2001.997% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now 0.000%, 7d avg +0.022%

Together, before fees+0.055%+$5 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: Bybit is 0.022% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZBTUSDTM	0.08662	0.0100	pay 0.0050% / 4h	1h 23m	$653K	$9.4M	50x
Short	Bybit ZBTUSDT	0.08662	0.0100	get 0.0050% / 4h	1h 23m	$934K	$965K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.022%: −$2.21
Slippage, 4 orders: −$176.7
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$201.92
Costs to cover: 1.997%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Bybit: live order book, 17 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 KuCoin live order book, 5 min ago	1.73 bp	42.9 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 17 min ago	5.77 bp	56.9 bp −$57	578.6 bp −$5,786	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	−0.1264%	1h	0.08674	+0.138%	$7K	$1K	10x	as long as short
OKX ZBT-USDT-SWAP	+0.0077%	4h	0.08655	−0.081%	$628K	$2.2M	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08675	+0.147%	$10K	$42K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08676	+0.159%	$3.6M	$5.1M	50x	as long as short
Bybit ZBTUSDTshort	+0.0100%	4h	0.08662	0.000%	$934K	$965K	25x
Gate ZBT_USDT	+0.0100%	8h	0.08677	+0.173%	$550K	$686K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08669	+0.081%	$1.6M	$303K	100x	as long as short
KuCoin ZBTUSDTMlong	+0.0100%	4h	0.08662	long leg	$653K	$9.4M	50x
Bitget ZBTUSDT	+0.0100%	4h	0.08681	+0.219%	$6.3M	$310K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08667	+0.058%	—	$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	0.08690	+0.329%	$1K	$13K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08665	+0.034%	$921	$177K	5x	as long as short
BloFin ZBT-USDT	+0.0105%	4h	0.08695	+0.381%	$155K	$42K	50x	as long as short