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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: KuCoin against Bybit−0.043%7-day average +0.105% · you buy dearer than you sell

Net, funding: paid 7d − costs−$233as in the Funding arb table

Net, price: spread back to 7d avg − costs−$252as in the Price arb table

costs, in and out, $10k−$2372.370% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days+0.204%+$20 · spread now −0.043%, 7d avg +0.105%

Together, before fees+0.245%+$25 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 0.147% cheaper against Bybit than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.105%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZKUSDT	0.01171	0.0100	pay 0.0050% / 4h	2h 52m	$5.1M	$2.3M	25x
Short	KuCoin ZKUSDTM	0.01171	0.0100	get 0.0050% / 4h	2h 52m	$965K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → +0.105%: −$14.74
Slippage, 4 orders: −$214.01
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$251.75
Costs to cover: 2.370%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; KuCoin: 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, 5 min ago	0.43 bp	26.6 bp −$27	223.2 bp −$2,232	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	8.58 bp	90.1 bp −$90	174.3 bp −$1,743	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	−0.0062%	4h	0.01171	−0.068%	$996K	$2.1M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.128%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0053%	4h	0.01168	−0.265%	$213K	$20K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01172	+0.034%	$127K	$187K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01173	+0.145%	$586K	$173K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01173	+0.103%	$31K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01171	−0.051%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01172	+0.068%	$4.8M	$8.0M	75x	as long as short
Bybit ZKUSDTlong	+0.0100%	4h	0.01171	long leg	$5.1M	$2.3M	25x
Gate ZK_USDT	+0.0100%	8h	0.01170	−0.128%	$300K	$257K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTMshort	+0.0100%	4h	0.01171	−0.043%	$965K	$1.4M	50x
Bitget ZKUSDT	+0.0100%	4h	0.01171	−0.043%	$1.5M	$841K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01171	−0.009%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01169	−0.222%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01171	−0.043%	$158K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01170	−0.128%	$8K	$620K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1271%	1h	0.01173	+0.092%	$192K	$36K	25x	as long as short