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 Bitget−0.085%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$239as in the Funding arb table

Net, price: spread back to 7d avg − costs−$246as in the Price arb table

costs, in and out, $10k−$2352.349% of the position

Long on Bitget 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+0.068%+$7 · spread now −0.085%, 7d avg +0.022%

Together, before fees+0.031%+$3 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 0.107% cheaper against Bitget than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZKUSDT	0.01171	0.0100	pay 0.0050% / 4h	1h 38m	$1.5M	$835K	75x
Short	KuCoin ZKUSDTM	0.01170	0.0100	get 0.0050% / 4h	1h 38m	$976K	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → +0.022%: −$10.7
Slippage, 4 orders: −$210.94
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$245.64
Costs to cover: 2.349%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; KuCoin: live order book, 2 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, 3 min ago	8.54 bp	17.0 bp −$17	53.2 bp −$532	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	8.54 bp	100.3 bp −$100	176.6 bp −$1,766	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	−0.0093%	4h	0.01168	−0.213%	$1.0M	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.085%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01173	+0.196%	$135K	$182K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01173	+0.145%	$583K	$221K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01170	−0.049%	$31K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01171	−0.043%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01171	+0.024%	$4.8M	$8.7M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01169	−0.162%	$5.0M	$2.5M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01170	−0.085%	$326K	$231K	50x	as long as short
KuCoin ZKUSDTMshort	+0.0100%	4h	0.01170	−0.085%	$976K	$1.3M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDTlong	+0.0100%	4h	0.01171	long leg	$1.5M	$835K	75x
BingX ZK-USDT	+0.0100%	4h	0.01170	−0.068%	—	$6.6M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01170	−0.088%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01174	+0.297%	$155K	$2.5M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01173	+0.171%	$9K	$620K	50x	as long as short
BloFin ZK-USDT	+0.0108%	4h	0.01174	+0.256%	$217K	$20K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1605%	1h	0.01172	+0.061%	$193K	$39K	25x	as long as short