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 Binance−0.047%7-day average +0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$271as in the Funding arb table

Net, price: spread back to 7d avg − costs−$282as in the Price arb table

costs, in and out, $10k−$2702.705% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 7 days+0.164%+$16 · spread now −0.047%, 7d avg +0.068%

Together, before fees+0.158%+$16 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: KuCoin is 0.114% cheaper against Binance than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZKUSDT	0.01181	0.0100	pay 0.0050% / 4h	3h 07m	$4.8M	$9.4M	75x
Short	KuCoin ZKUSDTM	0.01180	0.0100	get 0.0050% / 4h	3h 07m	$983K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → +0.068%: −$11.44
Slippage, 4 orders: −$248.5
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$281.93
Costs to cover: 2.705%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; KuCoin: live order book, 3 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, 2 min ago	2.12 bp	19.8 bp −$20	62.9 bp −$629	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	12.73 bp	123.7 bp −$124	240.2 bp −$2,402	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
Bybit ZKUSDT	−0.0189%	4h	0.01179	−0.089%	$5.0M	$2.6M	25x	as long as short
OKX ZK-USDT-SWAP	−0.0118%	4h	0.01179	−0.089%	$1.0M	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.894%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01183	+0.199%	$132K	$173K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01182	+0.123%	$587K	$240K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01182	+0.104%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01180	−0.063%	$30K	$3K	5x	as long as short
Binance ZKUSDTlong	+0.0100%	4h	0.01181	long leg	$4.8M	$9.4M	75x
Gate ZK_USDT	+0.0100%	8h	0.01180	−0.047%	$332K	$241K	50x	as long as short
KuCoin ZKUSDTMshort	+0.0100%	4h	0.01180	−0.047%	$983K	$1.2M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01180	−0.047%	$1.5M	$848K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01180	−0.063%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01177	−0.300%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01180	−0.047%	$165K	$2.7M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01180	−0.047%	$9K	$624K	50x	as long as short
BloFin ZK-USDT	+0.0118%	4h	0.01180	−0.021%	$216K	$22K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1354%	1h	0.01186	+0.467%	$195K	$43K	25x	as long as short