Funding arb · Price arb /

ZBT

all ZBT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0561%/8h= +61.4% APRpaid last 24h −0.018%

Price spread now: Gate against KuCoin−0.012%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$208as in the Funding arb table

Net, price: spread back to 7d avg − costs−$211as in the Price arb table

costs, in and out, $10k−$2062.064% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.012%, 7d avg +0.031%

Together, before fees+0.044%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.043% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.031%). If the spread goes back, that is −$4 on $10k: about 6 hours of funding at the current rate (+$17 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.017% in total (about -0.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZBTUSDTM	0.08427	0.0100	pay 0.0050% / 4h	2h 19m	$747K	$9.9M	50x
Short	Gate ZBT_USDT	0.08426	0.0661	get 0.0661% / 8h	6h 19m	$544K	$555K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.012%Rate

Funding earned: $117.81
Price spread: −0.012% → +0.031%: −$4.32
Slippage, 4 orders: −$179.38
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$92.88
Costs to cover: 2.064%
Break-even: 12.5 days

Slippage from KuCoin: live order book, 4 min ago; Gate: live order book, 47 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, 4 min ago	1.19 bp	65.3 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 47 min ago	5.95 bp	37.7 bp −$38	doesn't fit	doesn't fit	doesn't fit

ZBT on 12 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	−0.0473%	1h	0.08415	−0.144%	$7K	$7K	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08425	−0.025%	$10K	$15K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08420	−0.083%	$3.2M	$2.7M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08419	−0.095%	$863K	$453K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08410	−0.202%	$559K	$1.4M	10x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08420	−0.083%	$1.4M	$201K	100x	as long as short
KuCoin ZBTUSDTMlong	+0.0100%	4h	0.08427	long leg	$747K	$9.9M	50x
Bitget ZBTUSDT	+0.0100%	4h	0.08428	+0.012%	$6.1M	$140K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08418	−0.107%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08423	−0.048%	$899	$453	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ZBT-USD	+0.0104%	1h	0.08417	−0.121%	$2K	$119K	5x	as long as short
Gate ZBT_USDTshort	+0.0661%	8h	0.08426	−0.012%	$544K	$555K	50x