Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0818%/8h= −89.5% APRpaid last 24h −0.181%

Price spread now: Kraken Futures against OKX+0.205%45s7-day average — · you sell dearer than you buy

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

Long on OKX Short on Kraken Futures

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

The price spread pays, funding is against you. Kraken Futures is 0.205% dearer against OKX than usual: you sell high and buy low (spread +0.205% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 20 hours. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZBT-USDT-SWAP	0.08455	0.0100	pay 0.0050% / 4h	2h 26m	$606K	$2.0M	10x
Short	Kraken Futures PF_ZBTUSD	0.08472	−0.0718	pay 0.0090% / 1h	26m 27s	$7K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.205%Rate

Funding earned: −$171.71
Price spread: +0.205% → 0.000%: $20.55
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$171.16
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: OKX: live order book, 5 min ago; Kraken Futures: 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 OKX live order book, 5 min ago	0.59 bp	28.7 bp −$29	239.4 bp −$2,394	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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_ZBTUSDshort	−0.0718%	1h	0.08472	+0.205%	$7K	$1K	10x
BloFin ZBT-USDT	+0.0064%	4h	0.08474	+0.225%	$156K	$25K	50x	as long as short
Aster ZBTUSDT	+0.0100%	4h	0.08478	+0.277%	$10K	$41K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08471	+0.194%	$3.4M	$4.8M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08465	+0.118%	$910K	$930K	25x	as long as short
OKX ZBT-USDT-SWAPlong	+0.0100%	4h	0.08455	long leg	$606K	$2.0M	10x
Gate ZBT_USDT	+0.0100%	8h	0.08481	+0.308%	$526K	$661K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08474	+0.225%	$1.5M	$267K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08472	+0.201%	$653K	$9.4M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08467	+0.142%	$6.1M	$287K	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	0.08470	+0.177%	—	$1.3M	—	as long as short
Variational Omni ZBT	+0.0100%	4h	0.08494	+0.458%	$7K	$7K	—	as long as short
Extended ZBT-USD	+0.0104%	1h	0.08472	+0.203%	$3K	$189K	5x	as long as short