Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Binance−0.120%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$970.972% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.120%, 7d avg +0.028%

Together, before fees+0.138%+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.149% cheaper against Binance than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZKUSDT	0.01165	0.0100	pay 0.0050% / 4h	1h 44m	$4.7M	$9.9M	75x
Short	Gate ZK_USDT	0.01164	0.0100	get 0.0100% / 8h	1h 44m	$315K	$244K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee BinancebpFee GatebpOrdersPrice spread, now −0.120%Rate

Funding earned: $0
Price spread: −0.120% → +0.028%: −$14.85
Slippage, 4 orders: −$72.18
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$112.04
Costs to cover: 0.972%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Gate: live order book, 36 min ago.

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 Binance live order book, 11 min ago	1.29 bp	17.9 bp −$18	64.8 bp −$648	doesn't fit	doesn't fit
Sell Gate live order book, 36 min ago	8.56 bp	34.2 bp −$34	doesn't fit	doesn't fit	doesn't fit

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	−0.0005%	4h	0.01164	−0.095%	$945K	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.394%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01167	+0.146%	$119K	$156K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01166	+0.060%	$585K	$236K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01165	+0.005%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01165	−0.043%	$29K	$3K	5x	as long as short
Binance ZKUSDTlong	+0.0100%	4h	0.01165	long leg	$4.7M	$9.9M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01165	−0.052%	$5.0M	$2.7M	25x	as long as short
Gate ZK_USDTshort	+0.0100%	8h	0.01164	−0.120%	$315K	$244K	50x
KuCoin ZKUSDTM	+0.0100%	4h	0.01165	−0.035%	$987K	$964K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01165	−0.035%	$1.5M	$856K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01165	−0.043%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01161	−0.366%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01163	−0.206%	$160K	$2.9M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01163	−0.206%	$8K	$621K	50x	as long as short
BloFin ZK-USDT	+0.0120%	4h	0.01162	−0.335%	$211K	$24K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1293%	1h	0.01169	+0.341%	$194K	$43K	25x	as long as short