Funding arb · Price arb /

ZK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against KuCoin−0.086%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$223as in the Price arb table

costs, in and out, $10k−$2172.168% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.086%, 7d avg −0.025%

Together, before fees+0.084%+$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: Gate is 0.060% 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 −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZKUSDTM	0.01169	0.0100	pay 0.0050% / 4h	2h 25m	$992K	$958K	50x
Short	Gate ZK_USDT	0.01168	0.0100	get 0.0100% / 8h	2h 25m	$317K	$256K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.086%Rate

Funding earned: $0
Price spread: −0.086% → −0.025%: −$6.03
Slippage, 4 orders: −$189.79
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$222.82
Costs to cover: 2.168%
Break-even: never at this rate

Slippage from KuCoin: live order book, 29 min ago; Gate: live order book, 59 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, 29 min ago	4.29 bp	74.1 bp −$74	278.3 bp −$2,783	doesn't fit	doesn't fit
Sell Gate live order book, 59 min ago	8.53 bp	32.5 bp −$33	doesn't fit	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
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	+0.086%	$2K	$31K	5.5x	as long as short
Lighter ZK	+0.0096%	1h	0.01171	+0.171%	$119K	$159K	8x	as long as short
Hyperliquid ZK	+0.0100%	1h	0.01170	+0.120%	$587K	$238K	5x	as long as short
Aster ZKUSDT	+0.0100%	4h	0.01169	+0.009%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01169	0.000%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01169	+0.008%	$4.7M	$9.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01168	−0.077%	$5.0M	$2.7M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01168	−0.111%	$951K	$2.3M	20x	as long as short
Gate ZK_USDTshort	+0.0100%	8h	0.01168	−0.086%	$317K	$256K	50x
KuCoin ZKUSDTMlong	+0.0100%	4h	0.01169	long leg	$992K	$958K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZKUSDT	+0.0100%	4h	0.01169	0.000%	$1.5M	$852K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01168	−0.043%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01165	−0.304%	$57K	$20K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01169	−0.020%	$155K	$2.9M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01169	0.000%	$8K	$621K	50x	as long as short
BloFin ZK-USDT	+0.0115%	4h	0.01168	−0.043%	$212K	$35K	75x	as long as short
Kraken Futures PF_ZKUSD	+0.1488%	1h	0.01173	+0.310%	$194K	$44K	25x	as long as short