Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Binance against Bybit+0.068%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$990.988% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 7 days+0.005%+$1 · spread now +0.068%, 7d avg +0.041%

Together, before fees+0.058%+$6 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 0.027% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZKUSDT	0.01194	0.0100	pay 0.0050% / 4h	45m 42s	$5.2M	$2.4M	25x
Short	Binance ZKUSDT	0.01195	0.0100	get 0.0050% / 4h	45m 42s	$4.9M	$7.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → +0.041%: $2.75
Slippage, 4 orders: −$77.84
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$96.09
Costs to cover: 0.988%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 8 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 Bybit live order book, 2 min ago	3.77 bp	26.0 bp −$26	84.7 bp −$847	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.84 bp	25.0 bp −$25	68.1 bp −$681	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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−2.035%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0079%	4h	0.01196	+0.134%	$214K	$20K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01197	+0.201%	$128K	$196K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01196	+0.184%	$594K	$165K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01195	+0.082%	$33K	$23K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01195	+0.067%	$29K	$3K	5x	as long as short
Binance ZKUSDTshort	+0.0100%	4h	0.01195	+0.068%	$4.9M	$7.9M	75x
Bybit ZKUSDTlong	+0.0100%	4h	0.01194	long leg	$5.2M	$2.4M	25x
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01195	+0.050%	$1.0M	$2.1M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01194	−0.025%	$304K	$259K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTM	+0.0100%	4h	0.01194	−0.025%	$975K	$1.6M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01195	+0.059%	$1.4M	$872K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01195	+0.033%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01194	+0.001%	$58K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01191	−0.276%	$155K	$2.2M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01194	−0.025%	$8K	$627K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.2685%	1h	0.01200	+0.461%	$210K	$46K	25x	as long as short