Funding arb · Price arb /

ZK

all ZK markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Binance against Gate−0.006%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1031.025% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.006%, 7d avg −0.027%

Together, before fees−0.051%−$5 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 0.021% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZK_USDT	0.01180	0.0100	pay 0.0100% / 8h	33m 33s	$322K	$245K	50x
Short	Binance ZKUSDT	0.01180	0.0100	get 0.0050% / 4h	33m 33s	$4.8M	$9.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → −0.027%: $2.1
Slippage, 4 orders: −$77.51
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$100.41
Costs to cover: 1.025%
Break-even: never at this rate

Slippage from Gate: live order book, 41 min ago; Binance: live order book, 6 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 Gate live order book, 41 min ago	8.57 bp	33.4 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.43 bp	16.6 bp −$17	55.2 bp −$552	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	+0.0013%	4h	0.01178	−0.178%	$983K	$2.4M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.847%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01183	+0.229%	$129K	$166K	8x	as long as short
BloFin ZK-USDT	+0.0096%	4h	0.01176	−0.297%	$214K	$25K	75x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01181	+0.051%	$599K	$238K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01180	+0.041%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01181	+0.085%	$30K	$3K	5x	as long as short
Binance ZKUSDTshort	+0.0100%	4h	0.01180	−0.006%	$4.8M	$9.8M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01179	−0.059%	$5.0M	$2.6M	25x	as long as short
Gate ZK_USDTlong	+0.0100%	8h	0.01180	long leg	$322K	$245K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTM	+0.0100%	4h	0.01178	−0.169%	$989K	$1.1M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01180	0.000%	$1.5M	$859K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01180	−0.025%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01176	−0.317%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01178	−0.196%	$153K	$2.8M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01178	−0.169%	$9K	$628K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1409%	1h	0.01181	+0.047%	$194K	$44K	25x	as long as short