Settings8H · net · $10k
Funding arb · Price arb /

ZK

all ZK markets
SwapBacktest
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 +0.003%
Price spread now: Bitget against Bybit+0.067%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1051.051% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.082%+$8 on $10k
Price spread, last 7 days+0.095%+$10 · spread now +0.067%, 7d avg +0.084%
Together, before fees+0.177%+$18 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZKUSDT0.011930.0100pay 0.0050% / 4h30m 00s$5.1M$2.5M25x
ShortBitget ZKUSDT0.011940.0100get 0.0050% / 4h30m 00s$1.5M$845K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0
Price spread: +0.067% → +0.084%
−$1.68
Slippage, 4 orders
−$82.06
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$106.75
Costs to cover
1.051%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 3 min ago4.63 bp26.6 bp −$2792.6 bp −$926doesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago8.38 bp24.8 bp −$2589.9 bp −$899doesn't fitdoesn't fit

ZK on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZK-USDT-SWAP+0.0016%4h0.01192−0.075%$1.0M$2.3M20xas long as short
Injective ZK/USDC PERP+0.0033%1h0.01170−1.944%$2K$31K5.5xas long as short
BloFin ZK-USDT+0.0076%4h0.01189−0.352%$219K$21K75xas long as short
Lighter ZK+0.0096%1h0.01193+0.008%$138K$180K8xas long as short
Hyperliquid ZK+0.0100%1h0.01195+0.159%$593K$204K5xas long as short
Aster ZKUSDT+0.0100%4h0.01193−0.026%$32K$21K10xas long as short
Pacifica ZK+0.0100%1h0.01193−0.042%$30K$3K5xas long as short
Binance ZKUSDT+0.0100%4h0.01194+0.034%$4.9M$8.5M75xas long as short
Bybit ZKUSDTlong+0.0100%4h0.01193long leg$5.1M$2.5M25x
Gate ZK_USDT+0.0100%8h0.01194+0.067%$328K$244K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ZKUSDTM+0.0100%4h0.01193−0.017%$980K$1.4M50xas long as short
Bitget ZKUSDTshort+0.0100%4h0.01194+0.067%$1.5M$845K75x
BingX ZK-USDT+0.0100%4h0.01193−0.017%$6.7Mas long as short
Variational Omni ZK+0.0100%4h0.01193+0.008%$58K$15Kas long as short
GRVT ZK_USDT_Perp+0.0100%4h0.01184−0.771%$158K$2.4M10xas long as short
ApeX Omni ZKUSDT+0.0100%1h0.01185−0.687%$8K$616K50xas long as short
Kraken Futures PF_ZKUSD+0.1912%1h0.01195+0.177%$196K$38K25xas long as short