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 −0.024%

Price spread now: Bybit against KuCoin+0.025%7-day average −0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs−$261as in the Funding arb table

Net, price: spread back to 7d avg − costs−$244as in the Price arb table

costs, in and out, $10k−$2572.572% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 7 days−0.134%−$13 · spread now +0.025%, 7d avg −0.107%

Together, before fees−0.170%−$17 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: Bybit is 0.132% dearer against KuCoin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.107%.

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 57m	$991K	$1.1M	50x
Short	Bybit ZKUSDT	0.01183	0.0100	get 0.0050% / 4h	3h 57m	$5.0M	$2.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → −0.107%: $13.24
Slippage, 4 orders: −$234.15
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$243.91
Costs to cover: 2.572%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Bybit: live order book, 10 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, 7 min ago	12.67 bp	92.0 bp −$92	195.4 bp −$1,954	doesn't fit	doesn't fit
Sell Bybit live order book, 10 min ago	3.40 bp	18.9 bp −$19	88.8 bp −$888	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	−0.0073%	4h	0.01183	−0.034%	$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
Lighter ZK	+0.0096%	1h	0.01186	+0.287%	$131K	$171K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01186	+0.287%	$602K	$238K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01185	+0.158%	$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	0.01184	+0.113%	$4.8M	$9.8M	75x	as long as short
Bybit ZKUSDTshort	+0.0100%	4h	0.01183	+0.025%	$5.0M	$2.7M	25x
Gate ZK_USDT	+0.0100%	8h	0.01184	+0.085%	$330K	$238K	50x	as long as short
KuCoin ZKUSDTMlong	+0.0100%	4h	0.01183	long leg	$991K	$1.1M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01184	+0.085%	$1.5M	$866K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01184	+0.042%	—	$6.7M	—	as long as short
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
BloFin ZK-USDT	+0.0109%	4h	0.01183	−0.034%	$214K	$24K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1354%	1h	0.01187	+0.307%	$195K	$44K	25x	as long as short