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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against KuCoin+0.017%7-day average −0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$262as in the Funding arb table

Net, price: spread back to 7d avg − costs−$258as in the Price arb table

costs, in and out, $10k−$2662.662% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 7 days−0.122%−$12 · spread now +0.017%, 7d avg −0.069%

Together, before fees−0.076%−$8 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: BingX is 0.085% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKUSDTM	0.01183	0.0100	pay 0.0050% / 4h	3h 56m	$990K	$1.1M	50x
Short	BingX ZK-USDT	0.01183	0.0100	get 0.0050% / 4h	3h 56m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → −0.069%: $8.54
Slippage, 4 orders: −$244.19
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$257.65
Costs to cover: 2.662%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; BingX: live order book, 15 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, 8 min ago	12.67 bp	92.0 bp −$92	195.4 bp −$1,954	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	3.82 bp	18.5 bp −$19	47.5 bp −$475	362.1 bp −$36.2K	708.7 bp −$354.4K

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	−0.0076%	4h	0.01182	−0.051%	$1.0M	$2.4M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−1.099%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0063%	4h	0.01184	+0.059%	$214K	$24K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01186	+0.262%	$131K	$171K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01185	+0.169%	$602K	$238K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01184	+0.097%	$37K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01184	+0.118%	$30K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01183	+0.034%	$4.8M	$9.8M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01183	+0.008%	$5.0M	$2.7M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01183	0.000%	$330K	$238K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTMlong	+0.0100%	4h	0.01183	long leg	$990K	$1.1M	50x
Bitget ZKUSDT	+0.0100%	4h	0.01184	+0.085%	$1.5M	$866K	75x	as long as short
BingX ZK-USDTshort	+0.0100%	4h	0.01183	+0.017%	—	$6.7M	—
Variational Omni ZK	+0.0100%	4h	0.01181	−0.136%	$58K	$15K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01185	+0.127%	$163K	$2.8M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01184	+0.085%	$9K	$627K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1352%	1h	0.01188	+0.410%	$196K	$44K	25x	as long as short