Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Bitget0.000%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1181.175% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now 0.000%, 7d avg −0.034%

Together, before fees+0.024%+$2 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 0.034% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZKUSDT	0.01159	0.0100	pay 0.0050% / 4h	2h 31m	$1.5M	$848K	75x
Short	Gate ZK_USDT	0.01159	0.0100	get 0.0100% / 8h	2h 31m	$296K	$257K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.034%: $3.42
Slippage, 4 orders: −$90.5
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$114.09
Costs to cover: 1.175%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Gate: live order book, 13 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	8.61 bp	23.4 bp −$23	78.4 bp −$784	doesn't fit	doesn't fit
Sell Gate live order book, 13 min ago	8.56 bp	44.5 bp −$45	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	−0.0141%	4h	0.01157	−0.181%	$983K	$2.1M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.949%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01159	+0.026%	$125K	$190K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01159	−0.009%	$579K	$175K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01159	0.000%	$31K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01160	+0.086%	$28K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01158	−0.084%	$4.8M	$8.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01158	−0.086%	$5.0M	$2.3M	25x	as long as short
Gate ZK_USDTshort	+0.0100%	8h	0.01159	0.000%	$296K	$257K	50x
KuCoin ZKUSDTM	+0.0100%	4h	0.01157	−0.173%	$952K	$1.5M	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	0.01159	long leg	$1.5M	$848K	75x
BingX ZK-USDT	+0.0100%	4h	0.01158	−0.086%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01160	+0.118%	$56K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01162	+0.258%	$160K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01165	+0.518%	$8K	$624K	50x	as long as short
BloFin ZK-USDT	+0.0144%	4h	0.01164	+0.440%	$213K	$20K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1285%	1h	0.01160	+0.110%	$190K	$35K	25x	as long as short