Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Aster+0.009%7-day average — · you sell dearer than you buy

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

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZKUSDT	0.01186	0.0100	pay 0.0050% / 4h	1h 13m	$32K	$20K	10x
Short	KuCoin ZKUSDTM	0.01186	0.0100	get 0.0050% / 4h	1h 13m	$988K	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Aster. 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 AsterbpFee KuCoinbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → 0.000%: $0.89
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$19.11
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; KuCoin: live order book, 2 min ago. 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 Aster no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 2 min ago	12.70 bp	109.4 bp −$109	237.4 bp −$2,374	doesn't fit	doesn't fit

Aster: 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.

ZK on 17 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
OKX ZK-USDT-SWAP	−0.0002%	4h	0.01184	−0.202%	$1.0M	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.340%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0086%	4h	0.01186	−0.025%	$218K	$21K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01187	+0.051%	$137K	$182K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01188	+0.152%	$590K	$221K	5x	as long as short
Aster ZKUSDTlong	+0.0100%	4h	0.01186	long leg	$32K	$20K	10x
Pacifica ZK	+0.0100%	1h	0.01185	−0.067%	$30K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01186	−0.005%	$4.9M	$8.7M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01185	−0.109%	$5.1M	$2.5M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01185	−0.075%	$331K	$236K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTMshort	+0.0100%	4h	0.01186	+0.009%	$988K	$1.3M	50x
Bitget ZKUSDT	+0.0100%	4h	0.01186	+0.009%	$1.5M	$846K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01184	−0.126%	—	$6.6M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01184	−0.154%	$58K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01186	+0.001%	$157K	$2.5M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01187	+0.093%	$8K	$621K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1586%	1h	0.01186	+0.039%	$195K	$39K	25x	as long as short