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: KuCoin against Gate−0.084%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$271as in the Funding arb table

Net, price: spread back to 7d avg − costs−$278as in the Price arb table

costs, in and out, $10k−$2672.674% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.084%, 7d avg +0.020%

Together, before fees+0.095%+$9 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 0.104% cheaper against Gate than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZK_USDT	0.01192	0.0100	pay 0.0100% / 8h	4h 26m	$328K	$246K	50x
Short	KuCoin ZKUSDTM	0.01191	0.0100	get 0.0050% / 4h	26m 21s	$981K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.084%Rate

Funding earned: $0
Price spread: −0.084% → +0.020%: −$10.44
Slippage, 4 orders: −$240.43
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$277.87
Costs to cover: 2.674%
Break-even: never at this rate

Slippage from Gate: live order book, 29 min ago; KuCoin: live order book, 4 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, 29 min ago	4.21 bp	36.6 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	8.40 bp	104.2 bp −$104	183.8 bp −$1,838	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	+0.0022%	4h	0.01189	−0.252%	$1.0M	$2.3M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.846%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01193	+0.092%	$138K	$180K	8x	as long as short
BloFin ZK-USDT	+0.0096%	4h	0.01192	−0.017%	$217K	$21K	75x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01193	+0.050%	$593K	$204K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01191	−0.067%	$32K	$21K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01192	−0.034%	$30K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01191	−0.061%	$4.9M	$8.5M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01191	−0.126%	$5.1M	$2.5M	25x	as long as short
Gate ZK_USDTlong	+0.0100%	8h	0.01192	long leg	$328K	$246K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTMshort	+0.0100%	4h	0.01191	−0.084%	$981K	$1.4M	50x
Bitget ZKUSDT	+0.0100%	4h	0.01192	0.000%	$1.5M	$849K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01191	−0.092%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01193	+0.108%	$58K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01193	+0.084%	$159K	$2.4M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01194	+0.168%	$8K	$616K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1911%	1h	0.01196	+0.295%	$197K	$38K	25x	as long as short