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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bitget+0.025%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$740.735% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 7 days−0.092%−$9 · spread now +0.025%, 7d avg −0.045%

Together, before fees−0.121%−$12 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: Binance is 0.070% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZKUSDT	0.01162	0.0100	pay 0.0050% / 4h	1h 51m	$1.5M	$856K	75x
Short	Binance ZKUSDT	0.01162	0.0100	get 0.0050% / 4h	1h 51m	$4.7M	$9.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → −0.045%: $6.99
Slippage, 4 orders: −$51.53
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$66.54
Costs to cover: 0.735%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Binance: 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 Bitget live order book, 5 min ago	8.59 bp	21.3 bp −$21	53.0 bp −$530	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	1.29 bp	17.1 bp −$17	52.3 bp −$523	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	0.01161	−0.077%	$943K	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.688%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01164	+0.172%	$119K	$156K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01163	+0.112%	$584K	$235K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01163	+0.079%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01162	+0.017%	$29K	$3K	5x	as long as short
Binance ZKUSDTshort	+0.0100%	4h	0.01162	+0.025%	$4.7M	$9.9M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01162	−0.017%	$5.0M	$2.7M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01162	0.000%	$314K	$244K	50x	as long as short
KuCoin ZKUSDTM	+0.0100%	4h	0.01162	0.000%	$986K	$966K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDTlong	+0.0100%	4h	0.01162	long leg	$1.5M	$856K	75x
BingX ZK-USDT	+0.0100%	4h	0.01162	+0.026%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01164	+0.151%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01166	+0.323%	$154K	$2.8M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01163	+0.086%	$8K	$621K	50x	as long as short
BloFin ZK-USDT	+0.0157%	4h	0.01165	+0.293%	$212K	$24K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1298%	1h	0.01165	+0.252%	$193K	$43K	25x	as long as short