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% APRpaid last 24h 0.000%

Price spread now: Bitget against Gate0.000%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1151.145% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now 0.000%, 7d avg +0.037%

Together, before fees+0.030%+$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: Bitget is 0.037% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZK_USDT	0.01172	0.0100	pay 0.0100% / 8h	6h 10m	$327K	$242K	50x
Short	Bitget ZKUSDT	0.01172	0.0100	get 0.0050% / 4h	2h 10m	$1.5M	$862K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.037%: −$3.68
Slippage, 4 orders: −$87.51
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$118.18
Costs to cover: 1.145%
Break-even: never at this rate

Slippage from Gate: live order book, 55 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 55 min ago	8.48 bp	38.9 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	8.52 bp	20.7 bp −$21	50.2 bp −$502	doesn't fit	doesn't fit

ZK on 16 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	−0.0149%	4h	0.01170	−0.137%	$1.0M	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.171%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01174	+0.137%	$135K	$181K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01173	+0.094%	$582K	$237K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01172	+0.014%	$31K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01173	+0.085%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01171	−0.051%	$4.8M	$9.1M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01171	−0.119%	$5.0M	$2.6M	25x	as long as short
Gate ZK_USDTlong	+0.0100%	8h	0.01172	long leg	$327K	$242K	50x
KuCoin ZKUSDTM	+0.0100%	4h	0.01170	−0.171%	$974K	$1.2M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDTshort	+0.0100%	4h	0.01172	0.000%	$1.5M	$862K	75x
BingX ZK-USDT	+0.0100%	4h	0.01171	−0.077%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01172	+0.004%	$57K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01176	+0.323%	$156K	$2.6M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01176	+0.341%	$9K	$623K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.0736%	1h	0.01175	+0.222%	$193K	$43K	25x	as long as short