Funding arb · Price arb /

ZBT

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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: Variational Omni against KuCoin+0.190%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.190% dearer against KuCoin than usual: you sell high and buy low, +$19 on $10k if it 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	KuCoin ZBTUSDTM	0.08674	0.0100	pay 0.0050% / 4h	1h 24m	$656K	$9.4M	50x
Short	Variational Omni ZBT	0.08690	0.0100	get 0.0050% / 4h	1h 24m	$1K	$13K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.190%Rate

Funding earned: $0
Price spread: +0.190% → 0.000%: $19
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $7
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 3 min ago; 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 KuCoin live order book, 3 min ago	1.73 bp	42.9 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

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_ZBTUSD	−0.1263%	1h	0.08680	+0.074%	$7K	$1K	10x	as long as short
OKX ZBT-USDT-SWAP	+0.0075%	4h	0.08662	−0.138%	$627K	$2.2M	10x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08674	+0.003%	$10K	$42K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08670	−0.046%	$3.6M	$5.1M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08670	−0.046%	$934K	$965K	25x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08682	+0.092%	$550K	$685K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08668	−0.069%	$1.6M	$300K	100x	as long as short
KuCoin ZBTUSDTMlong	+0.0100%	4h	0.08674	long leg	$656K	$9.4M	50x
Bitget ZBTUSDT	+0.0100%	4h	0.08668	−0.069%	$6.2M	$310K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08666	−0.092%	—	$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 ZBTshort	+0.0100%	4h	0.08690	+0.190%	$1K	$13K	—
Extended ZBT-USD	+0.0104%	1h	0.08667	−0.081%	$921	$181K	5x	as long as short
BloFin ZBT-USDT	+0.0105%	4h	0.08695	+0.242%	$155K	$42K	50x	as long as short