Funding arb · Price arb /

ZBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1010%/8h= −110.6% APRpaid last 24h −0.214%

Price spread now: Kraken Futures against Variational Omni+0.114%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. Kraken Futures is 0.114% dearer against Variational Omni than usual: you sell high and buy low (spread +0.114% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZBT	0.08325	0.0100	pay 0.0050% / 4h	1h 03m	$888	$453	—
Short	Kraken Futures PF_ZBTUSD	0.08334	−0.0910	pay 0.0114% / 1h	3m 32s	$7K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.114%Rate

Funding earned: −$212.19
Price spread: +0.114% → 0.000%: $11.41
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$210.79
Costs to cover: 0.100%
Break-even: from the start

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

Variational Omni and 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	−0.0910%	1h	0.08334	+0.114%	$7K	$6K	10x
Aster ZBTUSDT	+0.0100%	4h	0.08344	+0.230%	$11K	$17K	5x	as long as short
Binance ZBTUSDT	+0.0100%	4h	0.08353	+0.338%	$3.2M	$2.6M	50x	as long as short
Bybit ZBTUSDT	+0.0100%	4h	0.08349	+0.290%	$868K	$424K	25x	as long as short
OKX ZBT-USDT-SWAP	+0.0100%	4h	0.08353	+0.338%	$582K	$1.3M	10x	as long as short
Gate ZBT_USDT	+0.0100%	8h	0.08349	+0.290%	$536K	$543K	50x	as long as short
MEXC ZBT_USDT	+0.0100%	4h	0.08351	+0.314%	$1.4M	$205K	100x	as long as short
KuCoin ZBTUSDTM	+0.0100%	4h	0.08352	+0.326%	$708K	$9.8M	50x	as long as short
Bitget ZBTUSDT	+0.0100%	4h	0.08343	+0.218%	$6.0M	$134K	10x	as long as short
BingX ZBT-USDT	+0.0100%	4h	0.08354	+0.350%	—	$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 ZBTlong	+0.0100%	4h	0.08325	long leg	$888	$453	—
Extended ZBT-USD	+0.0104%	1h	0.08351	+0.317%	$2K	$159K	5x	as long as short
BloFin ZBT-USDT	+0.0110%	4h	0.08328	+0.038%	$147K	$12K	50x	as long as short