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 BingX−0.085%7-day average +0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$274as in the Funding arb table

Net, price: spread back to 7d avg − costs−$286as in the Price arb table

costs, in and out, $10k−$2712.708% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 7 days+0.209%+$21 · spread now −0.085%, 7d avg +0.069%

Together, before fees+0.172%+$17 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 0.154% cheaper against BingX than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZK-USDT	0.01179	0.0100	pay 0.0050% / 4h	3h 08m	—	$6.7M	—
Short	KuCoin ZKUSDTM	0.01178	0.0100	get 0.0050% / 4h	3h 08m	$983K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → +0.069%: −$15.42
Slippage, 4 orders: −$248.8
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$286.22
Costs to cover: 2.708%
Break-even: never at this rate

Slippage from BingX: live order book, 14 min ago; KuCoin: live order book, 1 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 BingX live order book, 14 min ago	4.25 bp	22.3 bp −$22	49.4 bp −$494	417.4 bp −$41.7K	691.5 bp −$345.7K
Sell KuCoin live order book, 1 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
OKX ZK-USDT-SWAP	−0.0117%	4h	0.01178	−0.085%	$1.0M	$2.3M	20x	as long as short
Bybit ZKUSDT	−0.0043%	4h	0.01179	−0.042%	$5.0M	$2.6M	25x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.763%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0047%	4h	0.01180	+0.110%	$216K	$22K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01181	+0.153%	$131K	$173K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01181	+0.170%	$586K	$240K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01181	+0.177%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01179	+0.008%	$30K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01180	+0.044%	$4.8M	$9.4M	75x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01180	+0.085%	$332K	$241K	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	0.01178	−0.085%	$983K	$1.2M	50x
Bitget ZKUSDT	+0.0100%	4h	0.01179	0.000%	$1.5M	$846K	75x	as long as short
BingX ZK-USDTlong	+0.0100%	4h	0.01179	long leg	—	$6.7M	—
Variational Omni ZK	+0.0100%	4h	0.01177	−0.169%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01178	−0.085%	$164K	$2.7M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01179	0.000%	$9K	$623K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1359%	1h	0.01182	+0.286%	$195K	$43K	25x	as long as short