Settings8H · net · $10k
Funding arb · Price arb /

ZK

all ZK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.024%
Price spread now: Bybit against Binance−0.052%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$680.682% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.051%−$5 on $10k
Price spread, last 7 days+0.041%+$4 · spread now −0.052%, 7d avg −0.040%
Together, before fees−0.010%−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ZKUSDT0.011650.0100pay 0.0050% / 4h1h 43m$4.7M$9.9M75x
ShortBybit ZKUSDT0.011650.0100get 0.0050% / 4h1h 43m$5.0M$2.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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

Funding earned
$0
Price spread: −0.052% → −0.040%
−$1.22
Slippage, 4 orders
−$47.2
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$69.43
Costs to cover
0.682%
Break-even
never at this rate
Slippage from Binance: live order book, 11 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 11 min ago1.29 bp17.9 bp −$1864.8 bp −$648doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago0.86 bp16.4 bp −$1655.5 bp −$555doesn't fitdoesn't fit

ZK on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZK-USDT-SWAP−0.0005%4h0.01164−0.095%$945K$2.3M20xas long as short
Injective ZK/USDC PERP+0.0033%1h0.01170+0.394%$2K$31K5.5xas long as short
Lighter ZK+0.0096%1h0.01167+0.146%$119K$156K8xas long as short
Hyperliquid ZK+0.0100%1h0.01166+0.060%$585K$236K5xas long as short
Aster ZKUSDT+0.0100%4h0.01165+0.005%$36K$19K10xas long as short
Pacifica ZK+0.0100%1h0.01165−0.043%$29K$3K5xas long as short
Binance ZKUSDTlong+0.0100%4h0.01165long leg$4.7M$9.9M75x
Bybit ZKUSDTshort+0.0100%4h0.01165−0.052%$5.0M$2.7M25x
Gate ZK_USDT+0.0100%8h0.01164−0.120%$315K$244K50xas long as short
KuCoin ZKUSDTM+0.0100%4h0.01165−0.035%$987K$964K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZKUSDT+0.0100%4h0.01165−0.035%$1.5M$856K75xas long as short
BingX ZK-USDT+0.0100%4h0.01165−0.043%$6.7Mas long as short
Variational Omni ZK+0.0100%4h0.01161−0.366%$57K$15Kas long as short
GRVT ZK_USDT_Perp+0.0100%4h0.01163−0.206%$160K$2.9M10xas long as short
ApeX Omni ZKUSDT+0.0100%1h0.01163−0.206%$8K$621K50xas long as short
BloFin ZK-USDT+0.0120%4h0.01162−0.335%$211K$24K75xas long as short
Kraken Futures PF_ZKUSD+0.1293%1h0.01169+0.341%$194K$43K25xas long as short