Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin−0.122%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$281as in the Funding arb table

Net, price: spread back to 7d avg − costs−$290as in the Price arb table

costs, in and out, $10k−$2832.833% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 7 days+0.029%+$3 · spread now −0.122%, 7d avg −0.059%

Together, before fees+0.055%+$6 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 0.063% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKUSDTM	0.01190	0.0100	pay 0.0050% / 4h	2h 20m	$962K	$1.7M	50x
Short	Binance ZKUSDT	0.01189	0.0100	get 0.0050% / 4h	2h 20m	$4.9M	$7.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.122%Rate

Funding earned: $0
Price spread: −0.122% → −0.059%: −$6.28
Slippage, 4 orders: −$261.28
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$289.56
Costs to cover: 2.833%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Binance: live order book, 12 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 KuCoin live order book, 4 min ago	12.64 bp	124.3 bp −$124	228.0 bp −$2,280	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	1.26 bp	17.0 bp −$17	60.2 bp −$602	doesn't fit	doesn't fit

ZK on 17 exchanges

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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.681%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01190	−0.017%	$126K	$180K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01190	+0.034%	$590K	$170K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01190	+0.023%	$33K	$20K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01190	0.000%	$29K	$2K	5x	as long as short
Binance ZKUSDTshort	+0.0100%	4h	0.01189	−0.122%	$4.9M	$7.9M	75x
Bybit ZKUSDT	+0.0100%	4h	0.01189	−0.118%	$5.1M	$2.6M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01187	−0.244%	$994K	$2.2M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01190	0.000%	$300K	$269K	50x	as long as short
KuCoin ZKUSDTMlong	+0.0100%	4h	0.01190	long leg	$962K	$1.7M	50x

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01190	0.000%	$1.5M	$894K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01189	−0.109%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01189	−0.105%	$57K	$6K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01190	−0.025%	$162K	$2.0M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01188	−0.168%	$8K	$634K	50x	as long as short
BloFin ZK-USDT	+0.0138%	4h	0.01190	0.000%	$213K	$26K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.4591%	1h	0.01190	+0.013%	$207K	$44K	25x	as long as short